UBER - Uber GAAP EPS of -$0.61 misses by $0.43 revenue of $8.34B beats by $220M

• Uber press release ( NYSE: UBER ): Q3 GAAP EPS of -$0.61 misses by $0.43 .
• Revenue of $8.34B (+72.0% Y/Y) beats by $220M .
• Revenue growth significantly outpacing Gross Bookings growth due to the acquisition of Transplace by Uber Freight and a change in the business model for our UK Mobility business.
• Shares +1% PM.
• Gross Bookings grew 26% year-over-year and 32% year-over-year on a constant currency basis
• Monthly Active Platform Consumers (“MAPCs”) reached 124 million: MAPCs grew 14% YoY and 2% QoQ to 124 million, with Mobility MAPCs up 22% YoY and 4% QoQ, driven by continued improvement in consumer activity for our Mobility offerings.
• Trips of 1.95 billion: Trips on our platform grew 19% YoY and 4% QoQ, with Mobility trips up 25% YoY and 6% QoQ and low-single digit YoY growth in Delivery trips.

• For Q4 2022, we anticipate:

  • Gross Bookings to grow 23% to 27% YoY on a constant currency basis, with an expected 7 percentage point YoY currency headwind, translating to a range of $30.0 billion to $31.0 billion
  • Adjusted EBITDA of $600 million to $630 million

For further details see: