Overview
- Uber reported Q3 revenue of $13.47 billion and gross bookings of $49.74 billion, topping estimates as trips rose 22% to 3.5 billion and monthly active consumers reached 189 million.
- For Q4, Uber projected gross bookings of $52.25 billion to $53.75 billion and adjusted EBITDA of $2.41 billion to $2.51 billion, a range slightly under some expectations that weighed on the stock.
- Uber said Uber One is boosting cross-platform engagement, with multi-service users showing 35% higher retention and triple the spend, while only about 20% of eligible users currently use both rides and delivery.
- Grab posted Q3 revenue of $873 million, raised the lower end of its 2025 revenue outlook to $3.38 billion and lifted adjusted EBITDA guidance to $490 million–$500 million, but shares fell on incentive levels.
- Grab disclosed total incentives of $585 million in the quarter, with On-Demand incentives at 10.1% of GMV, as Deliveries revenue rose 23% and Mobility revenue increased 17% year over year.