Uber beats third-quarter revenue expectations
1. Uber exceeded Q3 revenue expectations but shares dropped 4%. 2. Net income nearly tripled to $6.6 million from $2.6 billion. 3. Gross bookings rose 21% to $49.74 billion, surpassing estimates. 4. Monthly active users increased 17% to 189 million. 5. Uber forecasted strong Q4 gross bookings of up to $53.75 billion.