Quarterly Results Surpassed Expectations for “Uber” After Sales Up 72%

Uber Technologies Inc. recorded a 72% increase in revenue in the third quarter of questyear, at $ 8.3 billion, exceeding expectations.

The company’s net loss halved over the same period to record $ 1.2 billion, supported by a 26% increase in the value of total bookings on the platform to $ 29.1 billion.

The company indicated that the number of monthly active users increased 14% to 124 million users.

Read More About: Business News