Uber's Delivery ARM Outgrows Its Ride Business

Uber Technologies reported third-quarter revenue of $14.8 billion, up 10% year over year, with gross bookings reaching $59.8 billion. Delivery bookings climbed 22% to $28.5 billion, outpacing mobility bookings, which rose 18% to $29.5 billion. Adjusted EBITDA grew 31% to $3.0 billion and non-GAAP earnings per share came in at $0.88, both ahead of Wall Street estimates. For the fourth quarter, Uber guided gross bookings of $63.25 billion to $65.25 billion. $UBER