Uber rises after Q3 results despite softer Q4 earnings guidance
đ Uber shares closed November 4 up 4.91% after Q3 revenue rose 10% to $14.77 billion, beating expectations.
đ Gross bookings increased 20% to $59.8 billion, indicating healthy platform demand despite business model changes weighing on reported revenue growth.
đ° Adjusted EBITDA climbed 31% to $2.96 billion. Its margin as a share of gross bookings expanded from 4.5% to 5%, reflecting improved operating efficiency.
âïž However, Uber guided Q4 adjusted EPS to $0.95â$0.99, below the $1.06 consensus. Driver shortages and higher fuel prices are prompting greater spending on driver incentives.
đ The share-price gain suggests weaker guidance has yet to outweigh Q3âs strengths. Sustaining bookings growth while controlling driver incentive costs remains a key factor to watch.
#Uber $UBER
đ Uber shares closed November 4 up 4.91% after Q3 revenue rose 10% to $14.77 billion, beating expectations.
đ Gross bookings increased 20% to $59.8 billion, indicating healthy platform demand despite business model changes weighing on reported revenue growth.
đ° Adjusted EBITDA climbed 31% to $2.96 billion. Its margin as a share of gross bookings expanded from 4.5% to 5%, reflecting improved operating efficiency.
âïž However, Uber guided Q4 adjusted EPS to $0.95â$0.99, below the $1.06 consensus. Driver shortages and higher fuel prices are prompting greater spending on driver incentives.
đ The share-price gain suggests weaker guidance has yet to outweigh Q3âs strengths. Sustaining bookings growth while controlling driver incentive costs remains a key factor to watch.
#Uber $UBER
