*

Uber One boosts cross-platform usage and customer

retention

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Q4 gross bookings forecast exceeds Wall Street

expectations

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Delivery segment posts 29% sales rise, outpacing mobility

segment

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CEO sees potential for higher cross-platform usage

Nov 4 (Reuters) - Uber Technologies ( UBER ) on Tuesday

forecast fourth-quarter gross bookings above expectations as its

membership program drives up demand for both rides and

deliveries heading into the holiday season.

The ride-hailing leader also beat Wall Street estimates for

revenue in the third quarter as students returned to school and

stricter return-to-office mandates boosted commutes within

cities.

CEO Dara Khosrowshahi said the Uber One program was

encouraging customers to book more food and grocery deliveries,

underscoring increased potential for the services the company

offers outside ride-hailing.

The delivery segment posted a 29% sales rise in the

July-September quarter, outpacing the 20% increase in mobility

revenue and flat growth in the freight division.

Consumers who use more than one of Uber's ( UBER ) services have 35%

higher retention and spend three times more than others,

Khosrowshahi said. Only about 20% of active users in markets

with rides and delivery use them together, though top-performing

countries already surpass that level.

Uber ( UBER ) forecast gross bookings - or the total dollar value of

rides, deliveries and other services - of between $52.25 billion

and $53.75 billion for the fourth quarter. Analysts expect $52

billion, according to data compiled by LSEG.

It expects current-quarter adjusted EBITDA - a profitability

metric keenly watched by investors - of between $2.41 billion

and $2.51 billion, marginally below expectations of $2.48

billion.

Uber ( UBER ) will replace adjusted EBITDA with adjusted profit

forecasts starting from its guidance for the first quarter of

next year, adopting a practice typical of more mature firms.

Gross bookings in the third quarter ended September 30 were

$49.74 billion, compared with estimates of $48.73 billion.

Revenue rose 20% to $13.47 billion, beating estimates of $13.28

billion.

Uber's ( UBER ) stock has gained about 65% this year on the back of

strong quarterly results and its growing dominance in the

ride-hailing sector.

(Reporting by Akash Sriram in Bengaluru; Editing by Devika

Syamnath)