Uber -4% after revenue miss, soft bookings

Nov. 04, 2019 4:20 PM ETUber Technologies, Inc. (UBER), LYFTBy: Brandy Betz, SA News Editor87 Comments
  • Uber (NYSE:UBER) -3.9% after the Q3 report beats EPS estimates but misses on revenue with sales up 33% Y/Y. Lyft (NASDAQ:LYFT) shares are down 0.1% after hours.
  • Q3 gross bookings were $16.47B (consensus: $16.7B). Uber Eats bookings grew 8% on the quarter to $3.66B (consensus: $3.89B). Ride sharing bookings rose 3% Q/Q to $12.55B (consensus: $12.51B).
  • Monthly active platform consumers grew 26% Y/Y to 103M.
  • For FY19, Uber raises its adjusted EBITDA from a $3-3.2B loss to a $2.8-2.9B loss (consensus: $3.19B loss).
  • Earnings call starts at 5 PM ET with a webcast here.
  • Press release.

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