Uber launches a global ad unit targeting gross ad bookings of $1B per year by 2024, including by displaying ads within its apps and on top of cars (Dave Lee/Financial Times)

Jackie Davalos / Bloomberg:
Uber reports Q3 revenue rose 72% YoY to $8.34B, beating $8.1B estimates, as gross bookings rose 26% YoY to $29.1B, including $13.7B from Uber Eats  —  Uber Technologies Inc. reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership …

Rebecca Bellan / TechCrunch:
Uber tests showing ads for other companies in push notifications for its iOS app  —  Uber recently launched its new advertising division and in-app ads.  Apparently, those ads aren’t staying within the app.  —  Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users.

Aarian Marshall / Wired:
PolicyLink study: California rideshare drivers make a net median of $6.20/hour after costs and could make an additional ~$10.50/hour if classified as employees  —  Uber and Lyft spent millions promoting a controversial ballot measure.  A new study suggests it has lowered driver wages.

Dean Takahashi / VentureBeat:
Activision Blizzard reports Q3 net bookings down 3% YoY to $1.83B vs. $1.7B est., and MAUs down 6% YoY to 368M; Modern Warfare II made $1B+ in its first 10 days  —  Activision Blizzard reported that its bookings for the third quarter ended September 30 fell 3% to $1.83 billion compared to a year ago.

Nelson Wang / CoinDesk:
Meta’s Reality Labs division posts a $3.67B loss for Q3 2022 on $285M in revenue vs. $406M est., up from its Q2 2022 loss of $2.81B on $452M in revenue  —  Meta’s revenues for the division came in at $285 million, down from $452 million in the second quarter.

Brendan Sinclair / GamesIndustry.biz:
EA reports Q2 revenue up 4% YoY to $1.9B, vs. $1.94B est., net income up 2% YoY to $299M, and net bookings down 5% YoY to $1.75B  —  The “most successful launch” in series history helps publisher finish Q2 with revenues up 4% but bookings slide 5%  —  Electronic Arts reported its earnings …