Ride-hailing services provider Uber Technologies, Inc.’s (UBER) business recovered with the easing of pandemic restrictions and reopening of the economy. In the last quarter, its gross bookings rose 26% year-over-year (32% on a constant currency basis).
For the fiscal fourth quarter, UBER expects gross bookings to grow 23%-27% year-over-year on a constant currency basis, with an anticipated seven percentage point currency headwind, to a range of $30-$31 billion. The company expects its adjusted EBITDA to come between $600-$630 million.
