Ride-hailing major Uber Technologies, Inc.’s (UBER) gross bookings grew 26% year-over-year in relative terms and 32% in constant currency to $29.10 billion in the fiscal third quarter. Its gross mobility bookings of $13.70 billion increased 38% year-over-year in relative terms and 45% year-over-year in constant currency, while its delivery gross bookings rose 7% year-over-year and 13% year-over-year to $13.70 billion.
UBER’s revenue was 3.5% higher than analyst estimates. However, its loss per share was $0.43 higher than the consensus estimate. For the current quarter, the company 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. It also expects its adjusted EBITDA to come between $600 and $630 million.
