Uber stock tumbles on gross bookings miss; company still 'well positioned,' analyst says [Yahoo! Finance Canada]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance Canada
Uber ( UBER ) stock tanked on Thursday after the ride-hailing giant missed on the all-important gross bookings metric. For the third quarter, Uber reported revenue of $11.2 billion, topping estimates of $10.99 billion as compiled by Bloomberg and up 22% compared to a year ago on a constant currency basis. But gross bookings, a metric tracking total revenue before fees and deductions such as driver pay, came in at $41.0 billion, up 16% from a year ago but missing estimates of $41.24 billion. Adjusted EBITDA (earnings before interest, taxes, and depreciation) came in at $1.7 billion, topping estimates of $1.65 billion, per Bloomberg. Uber shares dropped over 11% on Thursday. Prior to today, the stock was up over 25%. Uber Technologies, Inc. (UBER) "We delivered yet another record quarter of profitable growth at a global scale, reflecting the strength of our platform, which now has over 25 million Uber One members," Uber CEO Dara Khosrowshahi said in a statement. Added CFO P
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UBER
News
- Good news/bad news at Uber Freight: EBITDA loss widens but revenue improves [Yahoo! Finance]Yahoo! Finance
- Uber Technologies, Inc. (NYSE: UBER) had its price target raised by analysts at Evercore ISI from $90.00 to $120.00. They now have an "outperform" rating on the stock.MarketBeat
- Uber Stock Slides After Bookings Come in Lower than Expected [Yahoo! Finance]Yahoo! Finance
- Uber Technologies, Inc. (NYSE: UBER) was upgraded by analysts at Gordon Haskett from a "hold" rating to a "buy" rating.MarketBeat
- Alphabet's Waymo Valued at More Than $45 Billion After Funding [Yahoo! Finance]Yahoo! Finance
UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/18/24 - Form 4
- UBER's page on the SEC website