Reported 26 days ago
Uber's recent third-quarter earnings report exceeded Wall Street expectations, with revenue hitting $11.19 billion and adjusted earnings per share of $1.20. Despite missing gross booking projections and a forecast downgrade for Q4, investor Steve Jang noted that Uber is transitioning from a ridesharing marketplace to a software company, showcasing profitability and growth potential, especially in areas like autonomous and electric vehicles.
Source: YAHOO