Uber’s Q2 revenue beat estimates at $12.65 billion, with earnings per share of $0.63. The company announced a $20 billion stock buyback and saw strong metrics like 180 million Monthly Active Platform Consumers and $46.76 billion in gross bookings. Guidance for Q3 also exceeded expectations.

CEO Dara Khosrowshahi highlighted Uber’s platform strategy success, with record audience and profitability. The company plans to launch ride-hailing preferences for women and begin testing a robotaxi program with autonomous software company Nuru next year. Despite positive results, Uber stock fluctuated in premarket trading.

Read more at Yahoo Finance: Uber beats on Q2 revenue, gross bookings; launches $20B stock buyback