Uber Reports Revenue Miss but Exceeds Booking Guidance
Uber reported first-quarter revenue of $13.2 billion, slightly below estimates, but raised its gross bookings guidance for the current quarter, exceeding expectations. The company's delivery segment saw strong growth, while its ride-hailing business underperformed. Uber's stock rose 9% following the earnings release.
Tickers: $UBER
Topics: delivery segment earnings guidance net income revenue ride-hailing