(Boursier.com) — Uber jumped 12% before market on Wall Street on Tuesday, while the Californian group of San Francisco announced a positive quarterly cash flow for the first time in its history and forecasts operating profit above expectations for the third quarter. Uber beat the consensus in terms of gross bookings in the second quarter, but the group still lamented a massive $2.6 billion loss. The group generated a free cash flow of 382 million dollars over the quarter ended, against 263 million dollars of consensus. A year earlier, the group had ‘grilled’ $398 million in cash. Revenue from the deliveries segment climbed 37% to $2.69 billion. Those of transport services soared 120% to 3.55 billion dollars. The respective consensus was 2.6 and 2.9 billion dollars on these two activities. Total revenue doubled to 8.07 billion. Gross bookings rose 33% to $29.1 billion. Adjusted EBITDA was 364 million dollars, against 258 million consensus and 509 million losses a year earlier.
Uber now says it anticipates, for the third fiscal quarter, an adjusted Ebitda ranging from 440 to 470 million dollars, well above market expectations.
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