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The firm disclosed earnings of $2.61 billion, or $1.2 per share, for the July-September 2024 quarter, marking an increase from $221 million, or $0.1 per share, in the corresponding period the previous year.
Analysts surveyed by LSEG anticipated earnings of $0.41 per share on average, although CNBC warns that the basis for determining this prediction might vary from the company's approach.
Uber's revenue in the third quarter increased by 20% to $11.19 billion, compared to the expected $10.98 billion according to consensus.
EBITDA increased to $1.69bn from $1.09bn. Furthermore, the company saw a substantial rise in its operating profit, jumping to $1.06bn from $394m in the previous year.
Overall orders saw a 16% rise from the previous year to $40.97bn, with taxi service orders increasing by 17% to $21bn and delivery service orders going up by 16% to $18.66bn. Orders increased by 2% to $1.31 billion in the trucking industry.
The company anticipates that its overall orders in Q4 will fall between $42.75bn and $44.25bn, and expects adjusted EBITDA to range from $1.78bn to $1.88bn.
source: cnbc.com
Analysts surveyed by LSEG anticipated earnings of $0.41 per share on average, although CNBC warns that the basis for determining this prediction might vary from the company's approach.
Uber's revenue in the third quarter increased by 20% to $11.19 billion, compared to the expected $10.98 billion according to consensus.
EBITDA increased to $1.69bn from $1.09bn. Furthermore, the company saw a substantial rise in its operating profit, jumping to $1.06bn from $394m in the previous year.
Overall orders saw a 16% rise from the previous year to $40.97bn, with taxi service orders increasing by 17% to $21bn and delivery service orders going up by 16% to $18.66bn. Orders increased by 2% to $1.31 billion in the trucking industry.
The company anticipates that its overall orders in Q4 will fall between $42.75bn and $44.25bn, and expects adjusted EBITDA to range from $1.78bn to $1.88bn.
source: cnbc.com