Home Featured Uber Q3 2022 Earnings Preview

Uber Q3 2022 Earnings Preview


Uber Technologies UberCab (formerly UberCab), is an American company that provides technology platforms for mobility. It offers three main services: mobility (connecting consumers and drivers who offer a variety in vehicles), delivery, (searching and discovering nearby restaurants, ordering or picking up meals from restaurants and grocery and liquor stores) and freight (connecting shipping companies to carriers through proprietary technology, brand awareness, and industry-changing experiences). The company will release its third quarter 2022 earnings results. Tuesday, November 1, Before the market opens.

Fig 1:Uber’s annual revenue by market segment in billions of dollars. Source Apps for Business

Uber Technologies’ sales revenue fell -21% year over year in 2020, heavily impacted by the coronavirus pandemic. Until the first half of 2021, when the lockdown restrictions were in place, most of the company’s revenue came from the delivery segment. At the end of 2021 the annual revenue for the distribution segment was 8.3 Billion (4.8 Billion in 2020), and the mobile segment was 7.5 Billion (7.9Billion in…

Continue reading…