Uber beats revenue but mobility and delivery miss

Uber beats on revenue, misses on core units

Uber reported third-quarter revenue of fourteen point seventy-seven billion dollars, topping the fourteen point sixty-nine billion dollars estimate. But mobility and delivery, its two largest businesses, both missed analyst expectations.

Mobility revenue falls short amid overseas challenges

Uber's ride-hailing unit saw revenue decline two percent to seven point fifty-two billion dollars, missing the seven point seventy-one billion dollars estimate.

“Elevated fuel prices and tighter driver availability weighed on supply growth in several international markets”

Delivery growth slows despite Costco expansion

Food delivery revenue increased twenty-three percent to five point forty-nine billion dollars but trailed the five point fifty-one billion dollars estimate. A recently expanded partnership with Costco in the U.S. is tracking ahead of expectations.

Freight division drives overall revenue beat

Uber's freight business jumped thirty-four percent to one point seventy-six billion dollars, topping the one point forty-nine billion dollars consensus. This growth offset misses in mobility and delivery to deliver an overall revenue beat.

Uber plans over two thousand driverless vehicles by 2027

Uber plans to have over two thousand fully driverless vehicles available on its platform by the end of twenty twenty-seven, with half operating in the U.S.and half internationally.