00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Uber's bookings and earnings forecast fell short of analysts' estimates,
00:07while second quarter profit matched expectations. The rideshare platform reported earnings of 81
00:13cents per share, matching expectations, while revenue of $14.19 billion narrowly missed the
00:20$14.24 billion estimate. Net income increased to $239 billion, or $117 per share, from $135
00:29billion, or $0.63 per share, a year earlier. Uber's mobility business generated $736 billion in
00:36second quarter sales, while delivery revenue totaled $525 billion. Shares were down 12% for
00:42the year through Tuesday's close, compared with a 14% gain for the Nasdaq. Uber agreed to acquire
00:48Delivery Hero for $14.8 billion, expanding its food and grocery delivery reach into more markets.
00:56CEO Dara Khosrow Shahi said the World Cup boosted Uber's ride-hailing business as more than 8
01:01million tourists booked rides across host cities in the U.S. and Canada and Mexico.
01:06For all things money, visit Benzinga.com.
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