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Uber reports Q3 EPS $3.11 vs. $1.20 last year

Reports Q3 revenue $13.47B, consensus $13.26B. “Uber‘s (UBER) growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company’s history,” said Dara Khosrowshahi, CEO. “We’re building on that momentum by investing in lifelong customer relationships, leaning into our local commerce strategy, and harnessing the transformative potential of AI and autonomy.” Trips during the quarter grew 22% year-over-year to 3.5 billion, driven by Monthly Active Platform Consumers growth of 17% YoY and monthly Trips per MAPC growth of 4% YoY. Gross Bookings grew 21% YoY to $49.7B, or 21% on a constant currency basis.

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