business / news / / CNBC
Uber reported first-quarter revenue that missed estimates.
Uber's delivery segment revenue grew 34% year-over-year, surpassing analyst expectations at $5.07 billion.
KEY POINTS
- Uber's net income was impacted by a $1.5 billion loss from revaluing equity investments in Didi and Grab.
- Uber expects Q2 gross bookings of $56.25–$57.75 billion, exceeding consensus analyst estimates.
- Uber revealed 95% of its engineers use AI coding tools, with 10% of code written autonomously by AI.
COMPANIES
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