stock growth prospects amid autonomous vehicle competition By Investing.com
Uber Technologies, Inc. (NYSE:) continues to demonstrate strong growth in its core businesses while navigating an increasingly competitive landscape, particularly in the emerging autonomous vehicle (AV) sector. As the company expands its reach and diversifies its offerings, investors are closely watching its ability to maintain momentum and adapt to new market dynamics.
Financial Performance and Outlook
Uber’s recent financial results have been largely positive, with the company reporting solid growth across its key metrics. In the third quarter of 2024, Uber posted gross bookings of $41.0 billion, representing a 20% year-over-year increase excluding foreign exchange effects. While this figure slightly missed consensus estimates, the…
