Why Were Investors Excited About Uber's Q3 Results?

By Parkev Tatevosian, CFA – Nov 6, 2022 at 7:50AM

NYSE: UBER

Uber Technologies

Market Cap

$147B

Today's Change

(-1.51%) -$1.08

Current Price

$70.43

Price as of May 7, 2024, 4:00 p.m. ET

Uber's stock price jumped after it reported third-quarter earnings.

Uber (UBER -1.51%) reported third-quarter earnings that revealed a rebound in customer demand. The ride-sharing and food delivery company saw the former segment decline amid pandemic lockdowns. As economies reopened, riders are coming back to Uber en masse.

Stock prices used were the afternoon prices of Nov. 3, 2022. The video was published on Nov. 5, 2022.

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