{"id":971836,"date":"2025-11-05T08:22:03","date_gmt":"2025-11-05T02:52:03","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=971836"},"modified":"2025-11-05T09:10:44","modified_gmt":"2025-11-05T03:40:44","slug":"uber-q3-earnings-show-strong-growth-but-479-million-legal-hit-cuts-profit","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/11\/05\/uber-q3-earnings-show-strong-growth-but-479-million-legal-hit-cuts-profit\/","title":{"rendered":"Uber Q3 earnings show strong growth but $479 million legal hit cuts profit"},"content":{"rendered":"<p>Uber\u2019s latest Q3 earnings report came out on Wednesday, showing strong business growth but a big fall in profit because of a major legal cost of $479 million for \u201cundisclosed legal and regulatory matters.\u201d The company said this big charge hurt its profits, even though it had one of the biggest trip-volume jumps in its history. <\/p>\n<p>Uber\u2019s operating income for the quarter ending September 30 was $1.11 billion, much lower than analysts\u2019 expectations of $1.62 billion. CFO Prashanth Mahendra-Rajah said the profit drop happened partly due to these legal and regulatory issues, but Uber didn\u2019t give details about which cases or settlements caused the charge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber\u2019s latest Q3 earnings report came out on Wednesday, showing strong business growth but a big fall in profit because of a major legal cost of $479 million for \u201cundisclosed legal and regulatory matters.\u201d The company said this big charge hurt its profits, even though it had one of the biggest trip-volume jumps in its history. Uber\u2019s operating income for the quarter ending September 30 was $1.11 billion, much lower than analysts\u2019 expectations of $1.62 billion. CFO Prashanth Mahendra-Rajah said the profit drop happened partly due to these legal and regulatory issues, but Uber didn\u2019t give details about which cases [&hellip;]<\/p>\n","protected":false},"author":8,"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-971836","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\/971836","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=971836"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971836\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=971836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=971836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=971836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}