CNBC on Uber: Uber revises its outlook higher for the third quarter

From CNBC:

Uber on Tuesday revised its financial outlook for the third quarter, with bookings and adjusted profit now expected to be better than first reported.

The San Francisco-headquartered firm said in an SEC filing that now expects to report between $22.8 billion and $23.2 billion in gross bookings for the current quarter, adjusted from the $22 billion to $24 billion it predicted on its second-quarter earnings call.

Gross bookings for the second quarter came in at $21.5 billion, with mobility accounting for $8.6 billion and food delivery accounting for $12.9 billion.

“They say that crisis breeds opportunity and that’s certainly been true of Uber during the last 18 months,” Uber CEO Dara Khosrowshahi said in the filing.

Continue reading Uber revises its outlook higher for the third quarter on CNBC

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