Aug 5 at 06:57 AM
$Uber Tech(UBER.US) -3% pre-market after posting 2Q results broadly in-line with expectations but guiding to 3Q gross bookings that fell 1% short of ests. 3Q EBITDA guidance was above ests.
Third quarter guidance:- Gross bookings $58.25B - $60.25B vs. $$59.32B est. - Adj EPS $0.84-$0.88 vs $.0.86 est - Adj Ebitda $2.86B - $2.96B vs $2.88B est. Second quarter results:- Gross bookings $58.02B, +24% y/y, $57.17B est- Mobility bookings $28.99B, +22% y/y, vs $28.94B est - Delivery bookings $27.46B, +26% y/y, vs $26.97B est- Revenue $14.19 billion, +12% y/y, vs $14.24B est - Trips 3.87B, +18% y/y, vs 3.90B est- Monthly active platform consumers 208M +16% y/y, vs 207.1M est- Adj Ebitda $2.82B, +33% y/y, vs $2.79B est- Adj EPS 81c vs. 60c y/y, vs 81c estInvestors focus on the conference call (8am ET) will be squarely on Uber's long-term progress in its autonomous vehicle (AV) business.The copyright of this article belongs to the original author/organization.
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