Uber reported third-quarter results that missed analyst expectations for revenue and earnings per share but showed strength in other areas like gross bookings. Revenue was $9.29 billion, up 11% year-over-year but below the $9.52 billion expected. Adjusted EBITDA was $1.09 billion, above expectations. Gross bookings were $35.3 billion, up 21% year-over-year and above Uber's previous guidance. Accelerating growth in bookings, trips, and consumers as spending shifts from retail to services position the company well for the future, according to CEO Dara Khosrowshahi.
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00:00 It's Benzinga and here's what's on the block.
00:02 Uber reported third-quarter results that missed analyst expectations for revenue and earnings
00:06 per share but showed strength in other areas like gross bookings.
00:09 Revenue was $9.29 billion, up 11% year-over-year, but below the $9.52 billion expected.
00:15 Adjusted EBITDA was $1.09 billion, above expectations.
00:19 Gross bookings were $35.3 billion, up 21% year-over-year, and above Uber's previous
00:24 guidance.
00:25 Accelerating growth in bookings, trips, and consumers as spending shifts from retail to
00:29 businesses positioned the company well for the future, according to CEO Dara Kasperkary.
00:33 For all things money, visit Benzinga.com.
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