Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Uber Sees Significant Growth in Mobility and Delivery Demand, Exceeding Third-Quarter Expectations

alphabiz Views  

Uber’s quarterly results have exceeded consensus.

Uber’s third-quarter Gross Bookings reached $37.6 billion, a 22% increase from the previous year, which aligns with the guidance of $36.5 billion to $37.5 billion in the last quarter. Adjusted EBITDA was $1.28 billion, a 93% increase from the previous year, exceeding the guidance of $1.18 billion to $1.24 billion. The third-quarter revenue increased by 15% compared to the last year to $9.93 billion, operating profit turned into a black figure at $650 million, and net profit recorded a 140% increase at $1.43 billion.

Most importantly, the steady recovery of demand in the mobility sector led to a 15% increase in the key indicator, MAPCs (Monthly Active Platform Consumers), to 150 million, and Trips (number of rides) achieved a 24% growth to a total of 2.6 billion compared to the previous year.

Deliver deliveries increased by 19% compared to the previous year, totaling $17 billion. Net sales improved, rising by 6% to $3.12 billion.

Samsung Securities analyst Lee Chang Hee stated that the adjusted EBITDA margin had reached 2.8%. This was due to increased advertising revenue and the leverage effect from high transaction volumes, surpassing the 1.7% reported for the fourth quarter of 2022 and the 2.6% reported for the third quarter of 2023.

The freight sector saw a 17% decrease in net sales to $1.28 billion compared to the previous year, which is analyzed as a delay in sales growth due to a slowdown in the freight market.

alphabiz
content@www.kangnamtimes.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue
  • Here’s What It Said on North Korea’s Propaganda Leaflets that Dropped Near Presidential Office
  • Why Samsung’s Founder Said 'Burn Them All' to His Own Phones

Weekly Best Articles

  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected

You May Also Like

  • 1
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 2
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 3
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 4
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 5
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

Popular Now

  • 1
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 2
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

  • 3
    Is Hydrogen the New Frontier? Alpine's HY6 Sports Car Shakes Up EV Market

    TECH 

  • 4
    Convertible Meets Pickup: Daihatsu’s Basket Concept Still Stuns with Innovative Design

    TECH 

  • 5
    Audi's Q6 Sportback e-tron and SQ6 to Hit US in 2025 with 408-Mile Range

    TECH 

Weekly Best Articles

  • California Police Frustrated by Tesla Model 3: Too Cramped, Not Practical
  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected

Must-Reads

  • 1
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 2
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

  • 3
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 4
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 5
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

Popular Now

  • 1
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 2
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

  • 3
    Is Hydrogen the New Frontier? Alpine's HY6 Sports Car Shakes Up EV Market

    TECH 

  • 4
    Convertible Meets Pickup: Daihatsu’s Basket Concept Still Stuns with Innovative Design

    TECH 

  • 5
    Audi's Q6 Sportback e-tron and SQ6 to Hit US in 2025 with 408-Mile Range

    TECH 

Share it on...