Uber reports better-than-expected earnings and revenue for second quarter

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Earnings News

Technology,Autos,Uber Technologies Inc

Uber reported earnings and revenue that topped estimates for its second quarter.

For the third quarter, Uber expects bookings of $40.25 billion to $41.75 billion, compared with the $41.18 billion average estimate, according to StreetAccount.Here's how the company did for the period ending June 30, compared with what Wall Street was expecting based on a survey of analysts by LSEG:. The company's mobility unit reported a 23% increase in gross bookings to $20.6 billion. Gross bookings rose 16% in delivery to $18.1 billion, and were flat in the freight unit at $1.

Uber's "monthly active platform consumers," or MAPCs, reached 156 million in the second quarter with 2.77 billion trips via the Uber platform. This compares with 137 million MAPCs and 2.28 billion trips during the same period a year ago.

 

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