Uber quarterly revenue up 72%

American service – taxi aggregator Uber informedthat in the third quarter its total revenue was $8.3 billion. This is 72% more than a year earlier, and above the forecast of $8.1 billion given by interviewees Refinitiv analytics. In addition, the company halved its net loss to $1.2 billion, half of which Uber explained by “writing off the value of its equity investments.”

The company said that in the third quarter, the number of passengers carried exceeded pre-pandemic levels, and this is largely due to the complete lifting of covid restrictions in the world’s largest cities, with the growth of tourism and travel. Other reasons for Uber’s good results include the development of new partnerships in the US, Canada and the UK, including food and grocery delivery. Investors responded positively to Uber’s quarterly report, with the company’s shares jumping 15%.

Evgeniy Khvostik