Uber beats Q3 earnings expectations powered by growth in Eats business, Rides falls short

Uber beats Q3 earnings expectations powered by growth in Eats business, Rides falls short

Uber (UBER) reported its Q3 2020 earnings after the closing bell on Thursday, beating analysts’ expectations on solid growth from its Eats business. Still, the impact of the ongoing coronavirus pandemic continues to be a concern for Uber’s main Rides business, which fell short of analysts’ forecasts.

Here are the most important numbers from the report compared to what analysts were expecting from the company in the quarter, as compiled by Bloomberg.

  • Gross bookings: $14.75 billion versus…


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