Uber (UBER) posted its first-ever adjusted profit, but its Q4 outlook weighed on shares immediately following the ride-sharing company’s third quarter results.
Uber reported third quarter revenue of $4.85 billion versus Wall Street estimates of $4.4 billion. Gross bookings reaching an all-time high of $23.1 billion, up 57% year over year.
The company reported its first adjusted EBITDA profit of $8 million for the quarter.
“While we recognize it’s just a step, reaching total-company Adjusted…
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