US EditionUber Says 'Unpredictable' Issues Involving 'Legal Proceedings or Governmental Investigations' Took a $479 Million Bite Out of Its Bottom Line
Uber's $6.62 billion Q3 net income rose 154% year-over-year, boosted by a $4.9 billion tax benefit but reduced by a $479 million legal charge.
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Uber says 'unpredictable' issues involving 'legal proceedings or governmental investigations' took a $479 million bite out of its bottom line
Uber reported strong growth in its third-quarter earnings report on Wednesday, but stumbled on the bottom line after absorbing a $479 million charge for what the company described as undisclosed legal and regulatory matters. The hit to profitability overshadowed a quarter that otherwise marked one of the largest trip-volume increases in the ride-hailing giant’s history. Uber reported operating income of $1.11 billion for the quarter ended Septe…
Uber's earnings adjusted before interest, taxes, depreciation and amortization Ebitda stood at $2,260 million, slightly below estimates
The revenue from the urban mobility platform reached US$ 13,47 billion between July and September, growth of 20.4% over the same period of 2024
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