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Illustration: Aïda Amer/Axios

Uber is looking to export to other states California's newly voter-approved policy that will let the company continue to treat its drivers as contractors and not employees, CEO Dara Khosrowshahi said on an analyst call after the company posted mixed third-quarter results Thursday.

The big picture: Uber and Lyft helped lead a $200 million campaign to convince Californians to vote for Proposition 22, which they did overwhelmingly Tuesday. Uber now wants to "have dialog with governments and other states" on enacting similar arrangements, Khosrowshahi said.

What they're saying: "On Prop. 22 for now, what we are really focused on is making sure that we do everything we can to get the benefits that Prop. 22 promises to drivers as quickly as possible," CEO Dara Khosrowshahi told analysts of the ballot measure, which promises some benefits to California drivers.

  • Yes, but: "It will result probably in a 5% type increase in order to cover the incremental benefits and much of it will be passed along to riders," CFO Nelson Chai added. "But we don't believe it will have a material impact when it comes to demand."

Meanwhile: Uber's Q3 results were a more mixed bag than the unalloyed victory the company saw in the passage of the ballot measure.

Between the lines: Uber has been hard-hit by the ongoing pandemic as people remain home, though it's been able to offset some business loss via its delivery arm.

By the numbers:

  • Loss per share: $0.62, compared to $0.65 expected, per Refinitiv.
  • Revenue: $3.13 billion, compared to $3.20 billion expected, per Refinitiv.
  • Monthly active platform consumers: 78 million, down 24% year-over-year.
  • Gross bookings: 14.75 billion, down 10% year-over-year.
  • Uber Eats gross bookings: $8.55 billion, up 134% year-over-year.
  • Uber mobility gross bookings: $5.91 billion, down 53% year-over-year.

Uber's stock price dropped about 2% in after-hours trading.

Go deeper

Bipartisan group of lawmakers unveils $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of lawmakers on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden told CNN on Thursday that he plans to ask the American public to wear face masks for the first 100 days of his presidency.

The big picture: Biden also stated he has asked NIAID director Anthony Fauci to stay on in his current role, serve as a chief medical adviser and be part of his COVID-19 response team when he takes office early next year.

What COVID-19 vaccine trials still need to do

Illustration: Sarah Grillo/Axios

COVID-19 vaccines are being developed at record speed, but some experts fear the accelerated regulatory process could interfere with ongoing research about the vaccines.

Why it matters: Even after the first COVID-19 vaccines are deployed, scientific questions will remain about how they are working and how to improve them.