Uber reports Q3 revenue up 20% YoY to $13.5B, Gross Bookings up 21% YoY to $49.7B, trips up 22% YoY to 3.5B, and a $1.1B operating profit, below $1.6B est. (Financial Times)

Uber has reported a strong third quarter, with revenue increasing by 20% year-over-year to $13.5 billion and gross bookings rising by 21% to $49.7 billion. The number of trips taken also surged by 22%, reaching 3.5 billion. Although the operating profit of $1.1 billion fell short of the estimated $1.6 billion, the overall growth indicates a robust demand for Uber's services. This performance is significant as it highlights the company's resilience and potential for continued expansion in the competitive ride-sharing market.