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Uber CEO Explains How Uber Eats Accounting Impacted Q3 Earnings, Says Business In 'Great Shape' Heading Into Q4

Uber Technologies Inc's (NYSE: UBER) third-quarter financial results came in a bit shaky at first look, but showed strength in bookings. Following the print, Uber CEO Dara Khosrowshahi provided insights on the quarter.

Uber CEO Breaks Down Q3 Earnings: Uber reported third-quarter revenue of $9.29 billion Tuesday, which beat the consensus estimate of $8.99 billion, according to Benzinga Pro. The company's top-line results were up 11% year-over-year. 

Tuesday on CNBC's "Squawk Box," Khosrowshahi said Uber's revenue numbers would have been up an additional 8% if it weren't for a reclassification of Uber Eats spending. 

"We reclassified certain incentive spends for Uber Eats. These are promotions and ...

Full story available on Benzinga.com


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