Uber Technologies Inc (NYSE:UBER), down 0.7% to $47.80, swung to profit in the third quarter as customers flocked to the ride-hailing firm.
Gross bookings in the three months ending September grew 21% year-over-year to $35.3 billion, with mobility gross bookings of $17.9 billion, up 31% on a year ago, and delivery gross bookings of $16.1 billion, up 18%. Trips during the quarter grew 25% to 2.4 billion from a year before, or approximately 27 million trips per day on average. Read more
Vivid Seats Inc (NASDAQ:SEAT), up 5.4% to $6.59, as the ticket reseller reported strong quarterly earnings and announced its $240 million acquisition of the vegas.com online portal. In the third quarter, the Vivid Seats marketplace reached $998.9 million of gross order value, marking a 28% year-on-year increase. Revenue similarly rose by 20% to $188.1 million and was comfortably ahead of the Wall Street consensus forecast pitched at $154 million. Earnings (adjusted EBITDA) was up 18% to $28.3 million - net income was down 15% year-on-year to $16 million. Read more
Vimeo Inc (NASDAQ:VMEO), up 13% to $3.79, to trade at $3.80 in premarket, after the youtube rival posted a ‘surprise’ third quarter profit on better-than-expected revenue. The online video platform reported $8 million of net income and earnings (adjusted EBITDA) of $13 million for the quarter, and, ended the period with $291 million. Read more
Tripadvisor Inc (NASDAQ:TRIP), up 10.8% to $176.86, reported better than expected third quarter financial results. The travel research platform posted revenue of $533 million, up 16% over the year-ago quarter and ahead of estimates of $506 million. Revenue in its tours and attractions business Viator grew 41% over the same period last year from $174 million to $245 million. Tripadvisor's adjusted earnings per share of $0.52 topped forecasts of $0.48. Read more
Squarespace Inc (NYSE:SQSP), up 2.66% to $30.88, said it was on track to top $1 billion of sales in 2023 after a strong third quarter. "We are on track to exceed $1 billion in total revenue by the end of 2023, a significant milestone for Squarespace as we continue to expand our offerings and footprint globally," said Anthony Casalena, founder & chief executive. Read more
International Flavors & Fragrances Inc (NYSE:IFF), up 5.9% to $76.65, was boosted by news of a deal with Carl Icahn, giving board seats to the activist investor.
Unisys Corp (NYSE:UIS), up 22.49% to $3.54, upgraded revenue guidance for the full year whilst reporting strong quarterly results.