Uber's Q1 revenue grew 15% to $10.13bn, but net loss widened to $654m and shares dropped 7% after release.
Uber's Q1 earnings report showed a 15% revenue growth to $10.13bn, but its net loss widened to $654m from $157m last year. The company's gross bookings reached $37.65bn, falling short of expectations. Uber's shares dropped more than 7% in premarket trading following the report, with the company expecting Q2 gross bookings of $38.75bn-$40.25bn and adjusted EBITDA between $1.45bn-$1.53bn.
May 08, 2024
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