https://wccftech.com/uber-faces-a-stark-choice-amid-mixed-third-quarter-earnings-show-profitability-soon-or-go-extinct-dodo-bird-style/

Uber (NYSE:UBER), the American multinational ride-sharing company, posted mixed results for the third quarter of 2019. The company beat EPS expectations but gross bookings – a closely watched measure of the total amount customers paid to the platform before factoring in drivers’ pay and other fees – came up short of estimates.

“Our results this quarter decisively demonstrate the growing profitability of our Rides segment. Rides Adjusted EBITDA is up 52% year-over-year and now more than covers our corporate overhead. 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,” said Uber’s CEO Dara Khosrowshahi.