CEO Dara Khosrowshahi said the company saw one of its strongest trip volume increases in history.
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Uber
shares fell 4% before the bell even after the ridesharing company beat Wall Street’s third-quarter revenue expectations.
“This was our strongest growth since the end of 2023 and the largest trip volume increase in Uber’s history outside the post-Covid rebound,” CEO Dara Khosrowshahi in prepared remarks.
Revenues jumped 20% from $11.2 billion in the year-ago period. Gross bookings increased 21% to $49.74 billion and surpassed the $48.95 billion expected by StreetAccount.
Uber said revenue in its food delivery business increased 30%, beating analysts' estimates.
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