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Uber reported first-quarter gross bookings of $53.72 billion, higher than analyst estimates of $52.9 billion.
Uber reported Q1 gross bookings of $53.72 billion, above estimates and its own guidance range.
KEY POINTS
- Uber's delivery business revenue beat expectations, climbing 34.2% to $5.07 billion year-on-year.
- Uber launched hotel booking in-app with Expedia, granting access to 700,000+ hotels and loyalty perks.
- Uber launched a new unit, Autonomous Solutions, to help partners build robotaxi fleets using Lucid and Nuro technology.
- Uber plans to operate robotaxi services in 15 cities globally by year-end and ordered thousands from Rivian.
COMPANIES
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