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Uber Technologies forecast second-quarter bookings above Wall Street estimates.
Uber forecast Q2 gross bookings of $56.25–$57.75 billion, surpassing Wall Street estimates.
KEY POINTS
- The Uber One membership program now has over 50 million users and drives half of gross bookings.
- Uber expects to deploy autonomous vehicle trips in up to 15 cities globally by end of 2026.
- Growing use of artificial intelligence has slowed Uber's hiring by boosting operational productivity.
- Delivery and freight segments exceeded estimates, with freight returning to growth after nearly two years.
COMPANIES
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