Home › News

Uber beats on revenue, CEO tells CNBC the company is 'investing significantly' to add drivers

Image: CNBC

Uber reported revenue for the third quarter that topped analysts' estimates, but the company missed expectations in its two key businesses. Shares of the ride-hailing service rose more than 7% on Wednesday.

Here's how the company did versus analysts' estimates compiled by LSEG:

Revenue increased 10% from $13.47 billion a year earlier. The company reported net income of $512 million, down 92% from a year earlier, when the company had a $4.9 billion benefit from a tax valuation release.

Uber's core mobility unit, which is its ride-hailing service, saw a 2% decline in revenue to $7.52 billion, missing the average estimate of $7.71 billion, according to StreetAccount.

Continue reading at CNBC

This page shows only an excerpt. The full story is published by CNBC.

More news View More

Rupiah Bangkit ke Rp18.084 per Dolar AS Pagi Ini

CNN Indonesia · 12m ago

Breaking! IHSG Melesat 3%, Ini Penyebabnya

CNBC Indonesia · 12m ago

Rupiah Dibuka Menguat 0,19% ke Rp18.120 per Dolar AS

CNBC Indonesia · 13m ago

Ujian Ketahanan Industri Nasional di Tengah Gejolak Rupiah

Liputan6 · 15m ago

Ditemukan Pelanggaran, BKN Blokir Data Kepegawaian Pemprov Sulbar

Liputan6 · 21m ago

Breaking! Pembukaan IHSG Naik 2% Lebih, Ini Penyebabnya

CNBC Indonesia · 32m ago

Ujian Ketahanan Industri Nasional di Tengah Gejolak Kurs

Liputan6 · 36m ago

IHSG Berakhir Menguat, Simak 5 Saham Pilihan Hari Ini

CNBC Indonesia · 41m ago