Uber reports its third-quarter performance for the year 2024. Gross bookings on the platform saw a 16% increase from the same period the previous year, reaching $40.973 billion. Uber’s revenue amounted to $11.188 billion, marking a 20% growth, with a net profit of $2.612 billion.
CEO Dara Khosrowshahi highlighted the company’s record-breaking quarter, showcasing global profit growth and the strength of the platform, driven by the over 25 million members of Uber One.
The ride-hailing business witnessed a 17% increase in spending, amounting to $21.002 billion, while the food delivery segment saw a 16% rise, reaching $18.663 billion. The parcel delivery business experienced a 2% growth, reaching $1.308 billion.
Source: Uber
TLDR: Uber’s Q3 2024 results show growth in gross bookings, revenue, and net profit. CEO Dara Khosrowshahi highlights the company’s record-breaking quarter, driven by strong performance across ride-hailing, food delivery, and parcel delivery segments.
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