Uber beats estimates with record gross bookings of $21.9B, up 114% YoY, adjusted EBITDA loss of $509M, an improvement from $837M YoY; stock down 6%+ after hours (Jessica Bursztynsky/CNBC) - TechnW3

Uber beats estimates with record gross bookings of $21.9B, up 114% YoY, adjusted EBITDA loss of $509M, an improvement from $837M YoY; stock down 6%+ after hours (Jessica Bursztynsky/CNBC) - TechnW3

Jessica Bursztynsky / CNBC:
Uber beats estimates with record gross bookings of $21.9B, up 114% YoY, adjusted EBITDA loss of $509M, an improvement from $837M YoY; stock down 6%+ after hours  —  - Uber beat on both the top and bottom lines in its second quarter earnings report Wednesday.  — The company reported a net income of $1.1 billion for the quarter.

from TechnW3