Uber's Q2 revenue beats Wall Street estimates on ride-sharing demand

Quick Summary:

Revenue from the company's ride-sharing segment, its largest, rose 25 per cent to $6.13 bn, above expectations of $5.94 bn.

The company said it expects adjusted core earnings between $1.58 bn and $1.68 bn in the third quarter, compared with estimates of $1.62 bn.

The company's revenue rose 16 per cent to $10.70 bn in the second quarter ending June, while gross bookings increased 19 per cent to $39.95 bn.

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaBrazil

Topics: Uber news Uber results Uber Companies Companies news Uber Q2 results

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 18:10:23 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21957091

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