Uber reports Q3 (Sep) results, beats on revs, gross bookings up 21%, at upper end of prior guidance range; Guides Q4 Gross Bookings above consensus, adjusted EBITDA in-line (99.72)
- Reports Q3 (Sep) earnings of $3.11 per share, may not be comparable to the FactSet Consensus of $0.69; revenues rose 20.4% year/year to $13.47 bln vs the $13.28 bln FactSet Consensus.
- Net income attributable to Uber Technologies was $6.6 billion, which includes a $4.9 billion benefit from a tax valuation release.
- Adjusted EBITDA grew 33% yr/yr to $2.3 billion, above prior guidance of $2.19-$2.29 bln.
- Gross Bookings grew 21% yr/yr to $49.7 billion, or 21% on a constant currency basis, at the upper end of $48.25-$49.75 bln prior guidance
- Trips during the quarter grew 22% year-over-year to 3.5 billion, driven by Monthly Active Platform Consumers growth of 17% YoY and monthly Trips per MAPC growth of 4% YoY.
- Guidance: Sees Q4 Gross Bookings of $52.25-$53.75 bln, above the $52.1 bln FactSet Consensus estimate; Sees adjusted EBITDA of $2.41-$2.51 bln, in-line with the $2.47 bln FactSet Consensus estimate.