Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1711
    +0.0018 (+0.15%)
     
  • GBP/USD

    1.2624
    +0.0002 (+0.01%)
     
  • Bitcoin GBP

    55,533.04
    -159.50 (-0.29%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Uber down after reporting earnings

Yahoo Finance's Dan Howley joined Yahoo Finance Live to break down the key takeaways from Uber's earnings report.

Video transcript

ADAM SHAPIRO: We got to get in Uber earnings. I got Dan Howley standing by. And Dan, I don't want to steal the headline here. But I'm trying to figure out why the shares are selling off.

DAN HOWLEY: Yeah. Right now, if we're looking at it, they obviously seem to have had a good quarter, based on gross bookings-- $21.9 billion, beating expectations by a hair of $20.93 billion. Mobility was higher than expected by about $300 million. Delivery was higher than expected by about $500, $600 million earnings per share beat.

ADVERTISEMENT

What the issue here is the EBIDTA loss. Analysts were expecting an EBIDTA loss of $324.5 million for the quarter. But what they ended up with was $509 million for the quarter. So obviously, that means that they're not going to get to an EBIDTA profit in any time soon.

They're now saying that the next quarter, they will potentially get closer to what analysts were expecting. They're looking for an EBIDTA estimated loss of $95.4 million. Uber is saying below $100 million.

So $95.4 million is definitely below $100 million. But it's not exactly what analysts were expecting. And I think that's really where the shakes are coming in.