Uber revenue jumps 72 per cent on strong demand for rides

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Uber revenue jumps 72 per cent on strong demand for rides
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Uber on Tuesday reported US$8.3 billion in revenue for the three months ending in September, a 72% increase from the prior year, fuelled by strong demand for rides and meal deliveries even as inflation and recession fears weigh on consumers.

If a recession is looming, you wouldn't know it from looking at Uber's business.for the three months ending in September, a 72% increase from the prior year, fuelled by strong demand for rides and meal deliveries even as inflation and recession fears weigh on consumers.

Uber's revenue from its Eats delivery business, meanwhile, increased 24% from the prior year to $2.8 billion.

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