$ZHENGWEI GROUP (02147.HK)$ Superior reported compelling Q3 ...

Superior reported compelling Q3 earnings this week, reassuring investors of its continued operating leverage gains. YouBuy demonstrated its moat of network effects, attracting a sustained supply of drivers while increasing its monthly active users, supporting strong total bookings growth across its businesses (up 21% year-over-year).

In addition, consumer spending on YouTubers has remained resilient despite macroeconomic uncertainty. This even led CEO Dara Khosrowshahi to emphasize that the company "has not seen significant weakness in consumer spending on its platform." He added that "YouBuy's local nature makes it relatively immune to macroeconomic uncertainty, as consumers prioritize local and essential services in times of uncertainty."

In addition, YouTuber has made inroads into its lower-end offerings, such as the Uber X Share and Moto, to cater to price-sensitive consumers and broaden its market exposure. In addition, the company has expanded its services to include ride-hailing services and cabs, helping to attract new users to Uber's platform.