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
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
Key highlights from Chewy’s (CHWY) Q1 2025 earnings results
Chewy, Inc. (NYSE: CHWY) reported its first quarter 2025 earnings results today. Net sales of $3.12 billion increased 8.3% year-over-year. Net income decreased 6.7% to $62.4 million compared to last