Overview
- Uber reported third-quarter results on Wednesday, Nov. 4, with gross bookings up about 20% to roughly $59.82 billion, revenue near $14.8 billion and non‑GAAP EPS of $0.88.
- Adjusted EBITDA rose to about $2.96 billion, showing improved adjusted profitability even as some GAAP and segment metrics were weak.
- The company issued Q4 adjusted profit guidance of $0.95 to $0.99 per share, below the street consensus of about $1.06, which drove mixed investor reaction and lower premarket trading.
- Management said mobility was constrained by tighter driver availability, higher fuel costs and effects from the Middle East conflict, and said it will spend more on driver acquisition, retention and reactivation to ease supply pressure.
- Uber reaffirmed a partner-led autonomous vehicle plan, targeting roughly 700 fully driverless vehicles by year-end and over 2,000 in 2027, and signaled selective M&A focus after its recent ezCater deal as it balances near-term costs with long-term strategy.