Ride-hailing company Uber Technologies said on Monday its diluted loss per share for the third quarter of fiscal 2019 amounted to 0.68$, beating analysts' expectations by $0.24, on an attributable net loss of $1.16 billion, which rose 18% compared to the same quarter a year ago when it landed at $986 million. Meanwhile, the company's revenue amounted to $3.81 billion, a rise of 32$ year-over-year.
Uber added further in its earnings report that its gross bookings - the money collected before paying the drivers - reached $16.4 billion, up 29% from the last year's figure of $12.7 billion.
"Our results this quarter decisively demonstrate the growing profitability of our Rides segment," said CEO Dara Khosrowshahi. "Revenue growth and take rates in our Eats business also accelerated nicely. We’re pleased to see the impact that continued category leadership, greater financial discipline, and an industry-wide shift towards healthier growth are already having on our financial performance," he added.
The ride-hailing giant's shares dropped 5.08% in the after-hours trading.
