business / news / / The Mercury News
Ride-hailing service guided total gross bookings to between $56.25 billion and $57.75 billion for the three-month period ending in June.
Uber forecasted Q2 gross bookings of $56.25-$57.75 billion, beating analyst expectations.
KEY POINTS
- Moderating insurance costs have improved trip growth in key US markets like San Francisco and LA.
- Uber's business-to-business segment now serves 300,000 organizations and exceeds $5 billion in annual bookings.
- Uber will slow overall hiring in 2024 due to productivity gains from internal generative AI tools.
COMPANIES
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