Can Uber Maintain Its Growth Momentum in Q3 Earnings?
Portfolio Pulse from Henry Khederian
Uber Technologies Inc is set to release its Q3 earnings report, with investors keen to see if it can maintain its growth momentum. In Q2, Uber reported a 16% revenue increase, surpassing expectations. For Q3, Uber projects Gross Bookings between $40.25 billion and $41.75 billion, with an expected adjusted EBITDA of $1.58 billion to $1.68 billion. Analysts forecast revenue of $10.93 billion and an EPS of 35 cents. Uber's workforce has grown to 7.4 million active drivers and couriers, supporting its strategy to enhance driver earnings.
October 30, 2024 | 3:11 pm
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Uber Technologies Inc is preparing for its Q3 earnings report, following a strong Q2 performance with a 16% revenue increase. Investors are watching for continued growth in Gross Bookings and profitability, with analysts expecting $10.93 billion in revenue and 35 cents EPS.
Uber's strong Q2 performance and positive projections for Q3 suggest potential for continued growth. The company's ability to meet or exceed analyst expectations could positively impact its stock price. The focus on Gross Bookings and adjusted EBITDA indicates confidence in profitability, which is crucial for investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100