Travel helps Uber drive to another profitable quarter
Surging global travel demand played a part in Uber's strong quarter, the company said during a call with analysts
Uber reported its second consecutive profitable quarter, boosted by a 21% increase in gross bookings year over year and revenue growth of 11% to $9.3 billion in the third quarter.
Key takeaways
- The company speaks optimistically about Uber Travel features, including the company's growing presence in the UK, where — besides hailing a ride — travelers can book rail and coach tickets and even ferry rides;
- Uber's figures show 60% of train and coach users and 25% of flight users in the U.K. have become repeat users of the service;
- The company didn't offer a timeline for when users in other parts of the world could expect expanded Uber Travel features but made clear the importance of travel in Uber's plans.
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