Ride-hailing company Uber disappoints with quarterly results: financial expert analyzes decline in sales and forecasts.

Ride-hailing company Uber disappoints with quarterly results: financial expert analyzes decline in sales and forecasts.

According to a report by stock3.com, Uber failed to meet analysts' revenue expectations in the third quarter. Revenue rose 11% year over year to $9.3 billion, but fell short of expectations of $9.53 billion. Likewise, earnings per share of $0.11 fell short of expectations of $0.13.

CEO Dara Khosrowshahi comments optimistically on the development and speaks of profitable growth drivers. Adjusted EBITDA for the fourth quarter is expected to be between $1.18 billion and $1.24 billion, while 142 million people now use Uber's platforms monthly.

Nevertheless, it remains to be noted that Uber was unable to meet expectations. The calculations are based on non-GAAP data and show that the company remains on a growth path but faces short-term challenges. However, the introduction of driverless vehicles in Phoenix could have the long-term potential to revolutionize Uber's platform.

The data shows that Uber remains on track but failed to meet investors' short-term expectations. This could lead to a decline in the share price in the short term, but offers growth potential for speculative investors in the long term. By 2025, earnings per share on a non-GAAP basis are expected to increase to $2.40.

This development shows that, despite short-term challenges, Uber continues to grow and offers interesting long-term investment opportunities.