Uber Posts Revenue That Misses Estimates on Accounting Change
11/07/2023 22:35
Uber Technologies Inc. gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.
Uber Technologies Inc. gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.
The company reported income from operations of $394 million in the three months ended in September and overall trips growth of 25%. At the same time, revenue was $9.3 billion, up 11% from a year earlier, but that missed analyst estimates and was the slowest pace of growth in 10 quarters.