Uber has released its third-quarter 2023 earnings report, showing a 21% increase in Gross Bookings, reaching $35,281 million. This translates to $9,292 million in revenue for Uber, marking an 11% growth. The company has generated a profit of $394 million from its operations, with a net income of $221 million.
The Gross Bookings figure for Uber reflects growth in both of its core businesses. The rideshare business experienced a 31% increase, reaching $17,903 million, while the food delivery business saw an 18% growth, reaching $16,094 million. However, the freight business experienced a decline of 27%, down to $1,286 million. Uber’s CEO, Dara Khosrowshahi, stated that this business still faces significant challenges post-COVID-19.
Other notable data from Uber’s report includes a rise in user accounts by 142 million and an increase in the number of trips taken, totaling 2,441 million.
TLDR: Uber’s Q3 2023 earnings report reveals a 21% increase in Gross Bookings, totaling $35,281 million, resulting in a revenue of $9,292 million. The rideshare and food delivery businesses experienced growth, while the freight business declined. Despite challenges from the pandemic, Uber continues to attract more users and increase its number of trips taken.
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