ArticleUber’s Legal Expenses Dent Q3 Profit, Triggering 9% Stock Drop
Uber’s third-quarter operating profit fell short of expectations due to undisclosed legal and regulatory expenses, leading to a 9% drop in its share price. Despite strong growth in its ride-hailing and delivery segments, the unexpected costs overshadowed otherwise solid financial results. The company highlighted the success of its Uber One membership program and exceeded revenue and gross bookings forecasts, but investor concerns over legal liabilities weighed on market sentiment.
