Uber Continues To Enjoy Robust Demand But Legal Bills Take A Toll On Its Bottom Line

Upwallstreet | May 10, 2024

On Tuesday, Uber Technologies Inc (NYSE:UBER) posted a mixed first quarter report. Although Uber slightly surpassed revenue estimates, it posted an unexpected loss. First Quarter Highlights For the three months ended on March 31st, revenue grew 15% to $10.13 billion, slightly surpassing LSEG’s estimate of $10.11 billion. Gross bookings amounted to $37.65 billion which is below StreetAccount’s estimate of $37.93 billion. […]