Earnings

Uber earnings Q3 2021

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Uber reported its third-quarter results after the bell on Thursday. After an initial dip, shares were up about 1% in after-hours trading.

Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv:

  • Loss per share: $1.28 vs. 33 cents expected
  • Revenue: $4.8 billion vs. $4.4 billion expected

Uber reported a net loss of $2.4 billion for the quarter mostly because of a drop in the value of its investment holdings, particularly in Didi. The company said its stakes in Zomato, Aurora and Joby helped offset some of that loss. Uber posted a net loss of $1.09 billion in the same quarter a year ago.

Uber also reported its first adjusted EBITDA profit, meeting its end-of-year…



Source cnbc.com

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