Uber revenue jumps 72% on strong demand for rides

Uber revenue jumps 72% on strong demand for rides

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Key Facts

  • CNN previewed the gaming platform in 2019 01:50 Now playing - Source: CNN This refrigerator wants to turn drab kitchen appliances into art 00:54 Now playing - Source: CNN Business Check out Amazon's new sleep tracker and Kindle you can write on 01:27 Now playing - Source: CNN Video: Half human-looking robot breaks speed record CNN — If a recession is looming, you wouldn’t know it from looking at Uber’s business.
  • Uber on Tuesday reported $8.3 billion in revenue for the three months ending in September, a 72% increase from the prior year, fueled by strong demand for rides and meal deliveries even as inflation and recession fears weigh on consumers.
  • The company’s mobility segment, which includes its ride-hailing business, saw revenue grow 73% from the prior year to $3.8 billion for the quarter.
  • Uber’s revenue from its Eats delivery business, meanwhile, increased 24% from the prior year to $2.8 billion.

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