Uber’s third-quarter revenue beat Wall Street’s expectations, while gross bookings fell short of projections. The ride-share app's third-quarter revenue rose 20% year-over-year. Uber's strong core business performance enables it to invest in new products and capabilities for long-term platform growth, according to CEO Dara Khosrowshahi. The company anticipates fourth-quarter gross bookings slightly above current StreetAccount estimates. Uber's platform saw a 17% increase in trips and a 13% rise in monthly active users year-over-year in the third quarter.
