Uber’s Quarterly Loss Deepenens

Bill Hampton

Uber Technologies Inc. says its third-quarter revenue jumped 30%, but net losses climbed 18%.

The ride-hailing service reports its revenue in July-September rose to $3.8 billion from $2.9 billion. But its net loss deepened to $1.2 billion from $986 million.

Uber notes that revenue from its three main revenue streams—rides, food delivery and freight—all grew year on year. But the pace underwhelmed analysts. Yesterday the company’s share price closed at $31.08, down 29 cents, compared with the $45 initial public offering price in May.