Summary by Moomoo AI
Uber Technologies reported a robust financial performance for the third quarter of 2024, with significant year-over-year growth. The company's revenue surged by 20% to $11.2 billion, driven by a 16% increase in Gross Bookings, which reached $41.0 billion. This growth was primarily due to higher Mobility and Delivery Trip volumes. Operating profit soared by 169% to $1.061 billion, while net income attributable to Uber Technologies spiked, reaching $2.612 billion. Adjusted EBITDA also saw a substantial rise of 55% to $1.690 billion. The company's Monthly Active Platform Consumers (MAPCs) grew by 13% to 161 million, and Trips increased by 17% to 2,868 million. Uber's financial health was further underscored by a 95% increase in net cash provided by operating activities for the nine-month period ending September 30, 2024, totaling $5.387 billion, and a...Show More
