(Uber) Uber Technologies Inc. reported an adjusted EBITDA of $8 million in the third quarter of 2021, up $517 million from the second quarter and $633 from prior year.
The ride-hailing giant reported 72% year over year jump in revenues to $4.8 billion.
Gross bookings rose by 57% from the prior year to a record $23.1 billion in the third quarter. Trips rose by 39% from the prior quarter to 1.64 billion.
The company still reported a net loss of $2.4 billion, reflecting $3.2 billion adverse revaluation of holding in China’s Didi Chuxing.
Uber now projects adjusted EBITDA of between $25 million and $75 million in the fourth quarter, which is below analysts expected $110 million.
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