Uber reported higher revenue and adjusted profit, though by standard accounting measures it posted a $1.2 billion net loss, driven by the falling value of some stakes
Uber Technologies Inc.
’s revenue and adjusted earnings climbed last quarter as people spent more on rides and food delivery despite high inflation andThe ride-hailing giant said Tuesday that revenue for the three months through September was up 72% from a year earlier, to $8.34 billion. Adjusted earnings—a figure that excludes some expenses—hit $516 million, its strongest ever. Both were slightly above Wall Street expectations.
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