Overview

* Uber ( UBER ) Q3 revenue grows 20% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 rises 33% yr/yr, reflecting strong operational performance

* Net income for Q3 reaches $6.6 bln, aided by a $4.9 bln tax valuation release

Outlook

* Company anticipates Q4 Gross Bookings of $52.25 bln to $53.75 bln

* Uber ( UBER ) expects Q4 Adjusted EBITDA of $2.41 bln to $2.51 bln

* Company expects a 1 percentage-point currency tailwind to YoY growth

Result Drivers

* TRIP GROWTH - Trips increased 22% YoY, driven by a 17% rise in Monthly Active Platform Consumers and a 4% increase in trips per MAPC

* DELIVERY SEGMENT - Delivery gross bookings grew 25% YoY, contributing significantly to revenue growth

* STRATEGIC INVESTMENTS - CEO highlights investments in customer relationships, local commerce, and AI as growth drivers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $13.47 $13.27

Revenue bln bln (45

Analysts

)

Q3 Net $6.62

Income bln

Q3 Free $2.23

Cash bln

Flow

Q3 Gross $49.74

Bookings bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 45 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Uber Technologies Inc ( UBER ) is $109.00, about 8.5% above its November 3 closing price of $99.72

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)