Jack Daleo
Tuesday, November 1, 2022
Uber posts record $512M EBITDA but $1.2B net loss
Uber Technologies reported earnings Tuesday before the bell, and investors took kindly to the results.
Uber Technologies reported earnings Tuesday before the bell, and investors took kindly to the results.
Uber beat earnings expectations for Q2, but its delivery business wasn’t the driver this time around.
Uber’s delivery segment, which includes Uber Eats and services like Uber Connect, had another solid quarter.
In its earnings report for Q4 2021 and FY2021, Uber revealed that its delivery segment once again brought in more revenue than its core mobility business.
Q3 2021 marked the first adjusted EBITDA-profitable quarter in Uber’s publicly traded history and the second in a row for Lyft.
Following a strong quarter for Uber’s delivery segment, analysts say buy.