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Uber reported first-quarter revenue of $13.20 billion, up 14% year over year.
Uber One membership surpassed 50 million users, now accounting for half of gross bookings.
KEY POINTS
- Uber invested in more than 30 autonomous vehicle partners, targeting operations in up to 15 cities by 2026.
- A $1.5 billion equity investment revaluation caused Uber's GAAP net income to drop 85%.
- Uber repurchased $3 billion in stock and posted $2.29 billion in free cash flow this quarter.
- Uber expects Q2 adjusted earnings of 78 to 82 cents per share, slightly above analyst consensus.
COMPANIES
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