Uber Inc. (UBER) PT Lowered to $55 at Stifel

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Go back to Uber Inc. (UBER) PT Lowered to $55 at Stifel

Uber Announces Results for Third Quarter 2021

November 4, 2021 4:05 PM EDT

Gross Bookings reached an all-time high of $23.1 billion, up 57% year-over-year

Net loss of $2.4 billion with a $2.0 billion net headwind from revaluation of Ubers equity investments

Adjusted EBITDA of +$8 million with Mobility margins at 5.5% of GB and Delivery approaching breakeven

SAN FRANCISCO--(BUSINESS WIRE)-- Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2021.

Financial Highlights for Third Quarter 2021

Gross Bookings grew 57% year-over-year (YoY) to $23.1 billion, or 53% on a constant currency basis,... More