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…
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