posted softer-than-expected third quarter earnings Tuesday, but hinted at solid holiday season traffic as it forecast gross bookings and profits that topped Street estimates.
Mobility revenue rose 33% to $5.1 billion on gross bookings of $17.9 billion, Uber said, while delivery rose 6% to $2.94 billion on gross bookings of 16.1 billion. Looking into the current quarter, Uber said it sees adjusted earnings in the region of $1.18 million to $1.24 billion with gross bookings in the region of $36.5 billion to $37.5 billion.
Uber shares were marked 0.12% higher in pre-market trading immediately following the earnings release to indicate an opening bell price of $48.20 each.