Uber Q3 revenue up 10% on freight surge; net profit drops sharply

Uber reported Q3 revenue growth of 10%, driven by a 34% jump in freight revenue and 23% growth in delivery, offsetting a decline in ride-hailing. Net profit fell to $512M from $6.6B, likely due to one-off gains in the prior year. The results indicate resilience in logistics despite consumer mobility softness.

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