Categories AlphaGraphs, Earnings, Industrials
UBER Infographic: Uber Technologies Q3 2024 revenue climbs 20% YoY
Uber Technologies, Inc. (NYSE: UBER) on Thursday reported a sharp increase in third-quarter profit. Revenues of the ride-sharing giant increased 20% during the three months.
Net income attributable to the company increased multifold to $2.61 billion or $1.20 per share in the September quarter from $221 million or $0.10 per share in the corresponding quarter last year.
There was a 20% increase in net revenues to $11.2 billion in the third quarter from $9.3 billion in the same period of 2023. At $41.0 billion, gross bookings were up 16% year-over-year.
“We continue to build with an eye towards the future, optimizing our products for new customer segments and geographies, introducing Rider Verification nationwide to increase safety for drivers, and launching shuttles to airports and venues,” 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
MU Earnings: Micron Q2 profit jumps on higher revenues, tops expectations
Semiconductor company Micron Technology Inc. (NASDAQ: MU) Thursday reported a sharp increase in revenues and earnings for the second quarter of 2025. Earnings also surpassed Wall Street's forecasts. The Idaho-headquartered
Darden Restaurants sees growth in FY25 and beyond amid menu, tech Innovations
Darden Restaurants, Inc. (NYSE: DRI) has successfully navigated the challenging market environment by constantly innovating its menu offerings and fostering customer loyalty. In the third quarter, sales and profit margin
What to look for when McCormick & Company (MKC) reports Q1 2025 earnings
Shares of McCormick & Company, Incorporated (NYSE: MKC) were down 1% on Thursday. The stock has gained 5% year-to-date. The spice giant is slated to report its first quarter 2025 earnings results
