Uber Q3 Earnings: 31 Million Daily Trips, $1Billion Op Income, CEO Not Looking For Big M&A Deals, CFO Expects To Grow Organically
Portfolio Pulse from Anusuya Lahiri
Uber Technologies, Inc reported strong Q3 2024 earnings with a 20% revenue growth to $11.188 billion, beating analyst expectations. Despite positive earnings, the stock fell 7.09% premarket. Uber's CEO stated no plans for major M&A deals, focusing on organic growth.
October 31, 2024 | 12:37 pm
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Uber reported strong Q3 earnings with a 20% revenue increase, beating expectations. Despite this, the stock fell 7.09% premarket. The CEO emphasized organic growth over major M&A deals.
Uber's strong earnings report with revenue and EPS beating expectations was overshadowed by a 7.09% premarket stock drop. The CEO's focus on organic growth and no major M&A deals may have contributed to investor concerns about future growth strategies.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100