{"id":1047126,"date":"2026-11-05T08:17:04","date_gmt":"2026-11-05T02:47:04","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1047126"},"modified":"2026-11-05T08:23:41","modified_gmt":"2026-11-05T02:53:41","slug":"ubers-profit-forecast-disappoints-as-driver-shortages-middle-east-conflict-hurt","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/11\/05\/ubers-profit-forecast-disappoints-as-driver-shortages-middle-east-conflict-hurt\/","title":{"rendered":"Uber&#8217;s profit forecast disappoints as driver shortages, Middle East conflict hurt"},"content":{"rendered":"<p>Uber forecast adjusted profit below Wall Street expectations on Wednesday, as driver shortages, higher fuel costs and the Middle East conflict weighed on ride-hailing growth in markets ranging from India and Brazil to Canada. <\/p>\n<p>The company is responding by spending more to recruit and retain drivers, a cost that will be watched closely because it comes as the company also funds a major push into autonomous vehicles and a string of acquisitions. <\/p>\n<p>Uber forecast fourth-quarter adjusted profit of 95 cents to 99 cents per share, below estimates of $1.06 per share, according to data compiled by LSEG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber forecast adjusted profit below Wall Street expectations on Wednesday, as driver shortages, higher fuel costs and the Middle East conflict weighed on ride-hailing growth in markets ranging from India and Brazil to Canada. The company is responding by spending more to recruit and retain drivers, a cost that will be watched closely because it comes as the company also funds a major push into autonomous vehicles and a string of acquisitions. Uber forecast fourth-quarter adjusted profit of 95 cents to 99 cents per share, below estimates of $1.06 per share, according to data compiled by LSEG.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1047126","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1047126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1047126"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1047126\/revisions"}],"predecessor-version":[{"id":1047151,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1047126\/revisions\/1047151"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1047126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1047126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1047126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}