Uber earnings Q3 2018 (self-reported)



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The company also unveiled figures for Uber Eats for the first time, claiming it accounted for $ 2.1 billion in gross orders in the third quarter. That's a 150% increase over the same quarter of last year, Uber said.

Uber is rapidly expanding its food distribution business and investing in new mobility offerings, such as bicycles and electric scooters. Last month, Uber announced plans to expand its food distribution business to 70 percent of the US population. CEO, Dara Khosrowshahi, told CNBC at the time that the growth of Uber Eats had the effect of bringing growth back to its saving activity.

Uber, CFO, Nelson Chai, told CNBC that the company was experiencing another strong quarter for a company of its size and global reach. "In the perspective of an IPO and beyond, we are investing in the future growth of our platform, particularly in the areas of food, freight, e-bicycles and consumer goods." scooters, as well as in high-potential markets in India and the Middle East, where we continue to strengthen our leadership position, "said Chai.

While he's heading to an IPO next year, Uber wants investors to know that it's not just about complaining, but some bankers feel that this could complicate the valuation of the company during an IPO.

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