Uber posted weaker than expected third-quarter profits on Tuesday after taking a one-off legal charge of almost $500mn, while trying to reassure investors it is entering the busy festive season with “exceptional momentum”.
The number of Uber customers who took a ride in a given month topped 150mn for the first time during the three months to September, as quarterly revenue grew 20 per cent year on year to $13.5bn.
Gross bookings in the quarter — a measure of customers’ total spending across all its business units — exceeded analyst estimates, coming in at $49.7bn.
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