Uber Reports Over <br />$1.1 Billion in Losses for Q3 The car service's stock dropped <br />5 percent after news of the <br />fall was released. A big part of the drop,<br />just over $400 million, is <br />from stock compensation. Around this time last year, Uber <br />posted a net loss of $986 million. The company was still able to beat <br />a few estimates for this <br />year's third quarter. Against a predicted loss per share <br />of 81 cents, Uber reported 68 cents. Uber's revenue for Q3 was $3.81 billion, which was slightly above estimates. Since this time in 2018, <br />Uber's operating segments, including Eats and Rides, have also grown. Year over year, Rides grew 19 percent and 64 percent has been <br />reported for Eats. Uber Freight is <br />up 78 percent since 2018. Compared to growth in pass years, CEO Dara Khosrowshahi says Uber will now focus on efficiency and profitability. Dara Khosrowshahi, via statement
