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Uber’s profit forecast disappoints as driver shortages, Middle East conflict hurt

Katherine Langford
Editor-in-Chief · Wednesday, November 4, 2026 at 12:40 PM · 1 min read
Uber’s profit forecast disappoints as driver shortages, Middle East conflict hurt — Toronto Business news

Uber UBER-N forecast adjusted profit below Wall Street expectations on Wednesday, as driver shortages, higher fuel costs and the Middle East conflict weighed on ride-hailing growth in markets ranging from India and Brazil to Canada.

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