Categories AlphaGraphs, Earnings, Industrials
Earnings: Uber Technologies reports profit for Q3; revenue up 11%
Uber Technologies, Inc. (NYSE: UBER) reported net income for the third quarter of 2023, compared to a loss last year, as the ride-hailing company’s revenues increased 11%.
Net income for the September quarter was $221 million or $0.10 per share, compared to a loss of $1.21 billion or $0.61 per share in the corresponding period of last year.
There was an 11% increase in net revenues to $9.3 billion in the most recent quarter from $8.3 billion in the third quarter of 2022. At $35.3 billion, gross bookings were up 21% year-over-year.
“Our relentless focus on improving the product experience for both consumers and drivers continued to power profitable growth, with trip growth accelerating to 25%,” said Dara Khosrowshahi, chief executive officer of Uber.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
