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Uber missed Q1 revenue estimates by 90 million dollars and the stock jumped 10 per cent.
Uber's autonomous vehicle trips grew more than tenfold year on year across 30 partners.
KEY POINTS
- Uber One membership now exceeds 50 million and accounts for over half of all bookings.
- Uber's advertising business surpassed a $2 billion annualized run rate, growing over 50% year on year.
- Insurance cost savings are driving Uber's strategic price cuts in US mobility, with major impact expected by 2026.
- Wall Street now values Uber as a diversified logistics platform, not just a ride-hailing company.
COMPANIES
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