Uber Shares Surge on Gains in Quarterly Revenue, Adjusted Profit

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Uber was buoyed in the last quarter by demand for rides and food deliveries despite inflation and economic worries WSJWhatsNow

Uber Technologies Inc.’s shares soared after the company announced revenue and adjusted earnings gains for last quarter as its customers spent more on rides and food delivery.

The ride-hailing company said Tuesday that revenue for the three months through September was up 72% from a year earlier, to $8.34 billion. Adjusted earnings—a figure that excludes some expenses—hit $516 million, its strongest ever. Both were above Wall Street expectations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines