Uber stocks rebounded in Q3's record $59.8 billion order, despite a 92% plunge in profits
2026-11-05 00:49:33
According to CoinMeta, Uber's stock rebounded on November 4th. Despite a 92% year-over-year plunge in net revenue for its third quarter, the company reported a record total order volume of $59.8 billion. According to Uber's official Q3 financial report, revenue increased by 10% to $14.77 billion, and order volume grew by 20% year-over-year. Although net revenue was only $512 million, a significant decrease from $663 million in the third quarter of 2025, this decline mainly reflected unusual accounting items rather than a collapse in demand for rideshare services. Uber expects total order volume for the fourth quarter to be between $63.25 billion and $65.25 billion, with adjusted earnings per share ranging from $0.95 to $0.99.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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