Uber Technologies Stock News

Uber Technologies, Inc. (NYSE:UBER ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Dara Khosrowshahi - CEO Prashanth Mahendra-Rajah - CFO Deepa Subramanian - VP, IR Conference Call Participants Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Justin Post - Bank of America Merrill Lynch Mark Mahaney - Evercore Ron Josey - Citi ...

Uber's stock fell Thursday after the ride-share company reported mixed third-quarter results. Gross bookings, or the dollar value of rides and deliveries, came in slightly below expectations.

Uber stock is slipping with the focus on whether it is running out of new customers and if existing ones will become more cautious on spending.

Uber Technologies Inc (NYSE:UBER) stock is 9.3% lower at $72.03 after earnings.

Uber Technologies (UBER) shares are dropping in premarket trading Thursday, as the ride-hailing giant posted weaker-than-expected gross bookings in the third quarter.

Uber's mobility revenue rose 26%, boosting Q3 results. Comcast saw Peacock subscribers surge from Olympics; Peloton and Merck raised yearly outlooks.

Uber Technologies Inc (NYSE:UBER, ETR:UT8) shares fell 6% in pre-market trading as news of expectation-beating earnings and revenue failed to overshadow disappointing gross booking figures. Revenue climbed by 20% to $11.2 billion in the third quarter, aiding a jump in diluted earnings per share from $0.10 to $1.20, Uber reported on Thursday.

Uber's stock is falling after a miss on gross bookings, which measures the dollar value of things like rides and delivery orders.