Uber Technologies Inc. shares dropped slightly in after-hours trading after the ride-hailing giant delivered a mixed bag of third-quarter earnings results.

For the quarter ended Sept. 30, Uber reported overall gross bookings of $14.7 billion, down 10% year-over-year but significantly up from $10.2 billion in the second quarter.

Revenue fell 18%, to $3.13 billion, from a year ago, with a loss of 62 cents per share. Analysts had been predicting revenue of $3.2 billion and a loss of 65 cents per share.

The COVID-19 pandemic continues to affect Uber’s bottom line as its core ride-hailing business still struggles with lockdowns. Uber’s Mobility division, which includes ride-hailing, bike sharing, electric scooter hire and other transport services, had gross bookings of $5.9 billion in the quarter, down 53% year-over-year.

By contrast, gross bookings in Uber’s delivery division, which includes Uber Eats, jumped 134%, to $8.55 billion. Freight rounds out the top three with $290 million in bookings, up 30%.

Net revenue for Mobility fell 53%, to $1.365 million, delivery rose 125%, to $1.45 billion, and freight, with much higher margins, saw revenue rise 32%, to $288 million.

“Despite an uneven pandemic response and broader economic uncertainty, our global scope, diversification and the team’s tireless execution delivered steadily improving results,” Uber Chief Executive Officer Dara Khosrowshahi said in a statement.

Uber once again declined to provide guidance for the following quarter, the third straight quarter it has declined to do so.

The earnings report came after Uber scored a huge win in its home state of California with the passing of Proposition 22, a ballot measure that would exempt Uber, Lyft Inc. and companies such as DoorDash Inc. from classifying its drivers as employees under a law called AB5 that came into effect earlier this year. Uber and Lyft had warned that they would consider suspending services in the state if the law was to stand.

After seeing its shares rise following the ballot result, up more than 2% to $41.96 as of the close of regular trading today, Uber shares dropped more than 2% in after-hours trading.

Photo: Yuya Tamai/Flickr