Uber: NP up more than 10-fold in Q3

(CercleFinance.com) - Uber announces that gross bookings reached $40.
9bn on the platform in Q3, up 16% y-o-y, revealing sales of $11.1bn for Uber, up 20% y-o-y. NB: pmt-9.5%. NB cp -8.6%.

Adjusted EBITDA came to $1.69bn, up 55%.

Uber posted net income, group share of $2.61bn, up more than tenfold in one year (it was just $221m in Q3 2023).

We delivered another record quarter of profitable growth globally, reflecting the strength of our platform, which now boasts more than 25 million Uber One members, it said.

We continue to build with an eye to the future, optimizing our products for new customer segments and geographies, introducing nationwide passenger verification to increase driver safety and launching shuttles to airports and event venues, it added.

For Q4, Uber is targeting adjusted EBITDA of $1.78bn to $1.88bn, representing y-o-y growth of 39% to 47%.


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