Signal

Uber reports Q3 revenue up 10% YoY to $14.8B, Gross Bookings up 20% to $59.8B, trips up 16% to 4B, and plans to scale its autonomous fleet to 2,000+ in 2027

First reported by Ft ·

The signal ●●●○ Compiled by AI from Ft, Techmeme, CNBC, Uber, Quartz and 3 more
Why you might care

Autonomous rides may reach more cities sooner than expected.

What happened

Uber reported Q3 revenue up 10% year-over-year to $14.8 billion, with gross bookings up 20% to $59.8 billion and trips up 16% to 4 billion. The company plans to scale its autonomous fleet to over 2,000 vehicles in 2027.

What it means

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Uber plans to significantly expand its autonomous fleet by 2027, aiming for over 2,000 robotaxis. This move suggests increased investment in self-driving technology and a potential acceleration of its rollout, though it still anticipates trailing competitors like Waymo in deployment scale by year-end.

AI-written summary. May contain errors.

Uber