Uber Q3 Earnings: 31 Million Daily Trips, $1Billion Op Income, CEO Not Looking For Big M&A Deals, CFO Expects To Grow Organically

Uber Technologies, Inc (NYSE:UBER) reported fiscal third-quarter 2024 revenue growth of 20% year-on-year to $11.188 billion, beating the analyst consensus of $10.97 billion.

Uber reported GAAP EPS of 46 cents and adjusted EPS of 46 cents, which beat the analyst consensus of 41 cents. The stock plunged after the report.

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Revenue from Mobility grew to $6.41 billion, up 26% year over year. Delivery was $3.47 billion, up 18%, and Freight was $1.31 billion, up by 2% year over year.

Gross Bookings grew 16% year-over-year to $40.97 billion. Mobility Gross Bookings of $21.00 billion, up 17% year-over-year; Delivery Gross ...