UBER SAYS ‘UNPREDICTABLE’ ISSUES INVOLVING ‘LEGAL PROCEEDINGS OR GOVERNMENTAL INVESTIGATIONS’ TOOK A $479 MILLION BITE OUT OF ITS BOTTOM LINE
https://s.yimg.com/ny/api/res/1.2/Prxo.OjG_xXRwceU3Nr.pw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/fortune_175/f81d2f3dadaf9bec7db0d22f46ad1064
✍️ Uber reports strong growth in its third-quarter earnings, but is hit with a $479 million charge for undisclosed legal and regulatory matters, leading to a profit miss.
👉 Uber reports strong growth in revenue and trip volume 👉 Operating income falls short of expectations due to legal and regulatory issues 👉 Company's stock is down 7% following the earnings release 👉 Uber will begin reporting adjusted profit forecasts instead of adjusted Ebitda starting with its first-quarter 2026 guidance
-- #DaraKhosrowshahi #PrashanthMahendra-Rajah #business
Loading quoted post…
