• 2 months ago
Uber’s third-quarter revenue beat Wall Street’s expectations, while gross bookings fell short of projections. The ride-share app's third-quarter revenue rose 20% year-over-year. Uber's strong core business performance enables it to invest in new products and capabilities for long-term platform growth, according to CEO Dara Khosrowshahi. The company anticipates fourth-quarter gross bookings slightly above current StreetAccount estimates. Uber's platform saw a 17% increase in trips and a 13% rise in monthly active users year-over-year in the third quarter.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Uber's third-quarter revenue beat Wall Street expectations while gross bookings fell short
00:06of projections. The rideshare app's third-quarter revenue rose 20% year-over-year. Uber's strong
00:12core business performance enables it to invest in new products and capabilities for long-term
00:16platform growth, according to CEO Dara Khosrowshahi. The company anticipates fourth-quarter
00:22gross bookings slightly above current street account estimates. Uber's platform saw a 17%
00:28increase in trips and a 13% rise in monthly active users year-over-year in the third quarter.
00:33For all things money, visit Benzinga.com slash GSTV.

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