Uber delivers $59.8 billion in quarterly bookings
Key points
- Uber (NYSE:UBER) increased third-quarter gross bookings by 20% year-over-year to a total of $59.8 billion.
- The company reported a non-GAAP operating income of $2.3 billion alongside a 35% growth in non-GAAP earnings per share to $0.88.
- Uber expects to deploy approximately 700 fully driverless vehicles on its platform by the end of the year to expand mobility supply.
Uber (NYSE:UBER) reported a 20% year-over-year increase in third-quarter gross bookings to $59.8 billion.
This quarterly operational performance generated $14.8 billion in total revenue, delivering a non-GAAP net income of $1.8 billion.
The company stated that total platform trips grew 16% to 4.1 billion, while adjusted EBITDA increased 31% to $3.0 billion.
Management forecasts fourth-quarter gross bookings of $63.25 billion to $65.25 billion.
The mobility and delivery platform ended the third quarter holding $10.1 billion in unrestricted cash, cash equivalents, and short-term investments.
The business stated it will maintain disciplined capital allocation as it focuses commercial execution on integrating autonomous vehicles into its core network over the next year.
