Uber falls 5% despite third-quarter revenue beat

▤ Summary

Uber reported third-quarter revenue that beat expectations, but the stock still fell 5% after the results. Revenue rose 20% year over year to $13.47 billion, while gross bookings climbed 21% and net income nearly tripled. The company also issued fourth-quarter guidance for bookings and adjusted EBITDA that came in near or above analyst estimates. Management highlighted growth in mobility and delivery, and pointed to AI and occasional acquisitions as future growth drivers.

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