# Uber reporting profit but stock falls--miss on revenue

**URL:** <https://discussion.fool.com/t/uber-reporting-profit-but-stock-falls-miss-on-revenue/95059>\
**Category:** New Paradigm Investing\
**Created:** [August 1, 2023, 10:13pm UTC](https://discussion.fool.com/t/uber-reporting-profit-but-stock-falls-miss-on-revenue/95059 "2023-08-01T22:13:48Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![pauleckler](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/pauleckler/32/2906_2.png) [@pauleckler](https://discussion.fool.com/u/pauleckler)\
**Post date:** [August 1, 2023, 10:13pm UTC](https://discussion.fool.com/t/uber-reporting-profit-but-stock-falls-miss-on-revenue/95059/1 "2023-08-01T22:13:48Z")

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[https://www.marketwatch.com/story/ubers-stock-revs-higher-after-earnings-bring-surprise-profit-upbeat-outlook-a908d4d4](https://www.marketwatch.com/story/ubers-stock-revs-higher-after-earnings-bring-surprise-profit-upbeat-outlook-a908d4d4)

'Revenue for the second quarter rose to $9.23 billion from $8.07 billion, while analysts were modeling $9.34 billion. Uber generated $4.89 billion in revenue from its mobility business, up 38%, $3.06 billion from its delivery business, up 14%, and $1.28 billion from its freight business, down 30%."

" The company logged second-quarter net income of $394 million, or 18 cents a share, whereas Uber [UBER, -5.68%](https://www.marketwatch.com/investing/stock/UBER?mod=MW_story_quote) posted a net loss of $2.6 billion, or $1.33 a share in its year-earlier period. Analysts tracked by FactSet were expecting a 1-cent loss per share."