Author: Yuvraj Malik
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Uber bets on holiday demand after dull third quarter
By Yuvraj Malik (Reuters) – Ride-hailing giant Uber on Tuesday predicted strong holiday-quarter demand would drive up profits more than analysts expect, after accounting changes hampered growth between July and September. The company’s move to change how it recognizes some of its revenue affected growth at its ride-hailing and food-delivery businesses by eight percentage points…
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Fox tops profit expectations as CEO affirms programming strategy after Tucker Carlson dismissal
By Helen Coster and Yuvraj Malik (Reuters) – Broadcaster Fox Corp beat estimates for third-quarter revenue and adjusted profit on Tuesday, as Chief Executive Lachlan Murdoch affirmed the company’s prime-time programming strategy following its recent $787.5 million settlement with Dominion Voting Systems and dismissal of star host Tucker Carlson. Dominion had sued Fox for $1.6…
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Uber confident on profit as ride-sharing rebounds in 2023
By Yuvraj Malik (Reuters) -Uber Technologies Inc forecast quarterly core earnings above estimates on Tuesday, after a surge in demand for travel and food delivery helped the U.S. ride-sharing giant report better-than-expected results for the January-March period. Shares of the company rose 7% and helped drive small gains in those of rival Lyft Inc, which…