πππ$Uber(UBER)$ share price has skyrocketed 15% in the past 5 days and is up 96% year todate. Uber has just reported its 3Q 2023 revenue today that showed a profitable company with revenue of USD 9.3 billion, an increase of 11% year over year. Uber has reported a net income of USD 221 million in 3Q 2023 compared to a net loss of USD 1.2 billion in the previous year quarter. What an amazing turnaround! How did Uber do it? In Q3 2023, Uber saw total bookings rise from USD 29.1 billion to USD 35.3 billion, a gain of 21%. Uber's ride hailing adjusted profit rose to USD 1.29 billion, up 43% from USD 898 million in the previous year quarter. Delivery saw its profitability rose from USD 181
Ka-ching! Time to Grab a "Grab"?
Grab posted its first-ever profit on adjusted basis, a milestone for the decade-old Southeast Asian ride-hailing and food delivery company trying to convince investors of its earnings potential. ------------ Is Grab finally entering the buying zone? How do you view the first profit in a decade? Share your experience of using Grab!
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