Uber Q3 Earnings Presentation Gives NYC-Specific Trip Information
Uber announced its Q3 2020 results today and specifically discloses its NYC volumes have more than doubled from COVID lows and is tracking with the reopening.
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Q3 2020 financial highlights for Uber globally included:
Gross Bookings declined to $14.7 billion, down 10% year-over-year (yoy).
Mobility Gross Bookings declined 50% and Delivery Gross Bookings grew 135% yoy, respectively.
Mobility Revenue declined 53% yoy.
Delivery Revenue grew 125% yoy.
Unrestricted cash, cash equivalents and short-term investments were $7.3 billion at the end of the third quarter.
The TLCMKT Newsletter is written by Dawood Mian, Founder & CEO of TLCMKT. I cover the NYC ridehailing industry and related news. Search TLCMKT for TLC cars, parts, service, accessories, professional services, reviews & more. Find great deals at TLCMKT.COM.
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