Reported 1 day ago
Uber's first quarter results showed mixed performance with gross bookings slightly below expectations at $42.8 billion, while adjusted EBITDA surpassed estimates at $1.9 billion. Despite a strong forecast for the current quarter, with anticipated gross bookings between $45.75 billion and $47.25 billion, the stock fell over 2% as investor expectations remained high. CEO Dara Khosrowshahi highlighted steady growth and user retention amid economic uncertainties, while also noting advancements in autonomous vehicle partnerships.
Source: YAHOO