(CNN)If a recession is looming, you wouldn’t know it from looking at Uber’s business.
Uber on Tuesday reported $8.3 billion in revenue for the three months ending in September, a 72% increase from the prior year, fueled by strong demand for rides and meal deliveries even as inflation and recession fears weigh on consumers.
The company’s mobility segment, which includes its ride-hailing business, saw revenue grow 73% from the prior year to $3.8 billion for the quarter. The number of trips during the quarter grew 19% to 1.95 billion, representing an average of approximately 21 million trips per day.
Uber’s revenue from its Eats delivery business, meanwhile, increased 24% from the prior year to $2.8 billion.
Continue reading Uber revenue jumps 72% on strong demand for rides on CNN
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