Business
Huge delivery demand fails to stop Uber’s revenue from shrinking in Q3 – TechCrunch
Despite surging delivery demand, Uber’s third-quarter ultimately failed to meet investor revenue expectations in the third quarter. Uber reported gross bookings…
Despite surging delivery demand, Uber’s third-quarter ultimately failed to meet investor revenue expectations in the third quarter.
Uber reported gross bookings of $14.7 billion in the period, a decline of 10% compared to the year-ago quarter. That level of platform spend generated revenue of $3.1 billion for the company, down 18% from a year-ago result.
Analysts had expected the company to report revenues of $3.2 billion. The company’s top line miss was partially ameliorated by an earnings-per-share…
-
General10 hours agoByford rail extension opening marks final stage of Perth Metronet
-
General24 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General21 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News15 hours agoFatal traffic crash, Baringa – Sunshine Coast