Uber's performance and outlook both exceeded expectations, announcing a $20 billion buyback plan.

Jin10 data on August 6 reported that Uber (UBER.N) announced better-than-expected third-quarter performance outlook and quarterly financial report on Wednesday, along with a new $20 billion stock repurchase plan. This indicates that its core ride-hailing and delivery business still has room for growth acceleration. The company stated that user frequency has risen, and through cross-selling ride-hailing and delivery services, and adjusting service content to meet a wider range of customer needs, it is expected to reach more consumers. According to agencies, the total booking volume for the current quarter is expected to rise by 18% to 21%, faster than the 17% increase in the second quarter. However, in pre-market trading in New York, Uber (UBER.N) pulled back from earlier gains, which seems to indicate that investors may be expecting more favourable information. Executives are expected to hold a financial report conference call with analysts at 8 AM.