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The San Francisco-based company said it sees fourth-quarter gross bookings of between $36.5 billion to $37.5 billion in the fourth quarter, above Bloomberg consensus estimates of $36.34B.
Adjusted earnings before interest, tax, depreciation and amortization during the period were also forecast to come in at $1.18B to $1.24B. Analysts had called for guidance of $1.15B.
In the three months ended on Sept. 30, solid performance at the firm’s taxi and delivery services helped offset some weakness at its freight division. Total third-quarter gross bookings rose by 21% to $35.28B, beating projections.
“Our relentless focus on improving the product experience for both consumers and drivers continued to power profitable growth,” said Chief Executive Officer Dara Khosrowshahi in a statement.
Shares in Uber rose in premarket U.S. trading on Tuesday.
This is a developing story. Please check back later for updates.
