Uber shares tumbled nearly 10% after legal and regulatory charges offset strong rideshare and delivery growth, disappointing investors despite record trip volume.

Uber posted its strongest quarterly growth since late 2023, with gross bookings jumping 21% to $49.7 billion as customers embraced low-cost offerings.

The company narrowly missed its Q4 earnings forecast but projects continued momentum while pivoting toward autonomous vehicles, artificial intelligence and expanded services.

Uber Technologies Inc. shares tumbled after the company issued a muted adjusted earnings forecast and said legal charges ate into its third-quarter profits, overshadowing strong growth in its rideshare and delivery businesses.

Operating income for the three months ended Sept. 30 was $1.11 billion, the San

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