Uber released its first-quarter financial results on Wednesday, surpassing revenue estimates but revealing an unexpected net loss. Despite the positive revenue figures, the ride-hailing company experienced a 5% drop in share prices during early trading.
Here is a breakdown of Uber’s performance:
– Loss per share: 32 cents, compared to the earnings of 23 cents anticipated by LSEG
– Revenue: $10.13 billion, slightly exceeding the $10.11 billion forecasted by LSEG
Uber’s revenue in the first quarter increased by 15% from $8.82 billion in the previous year. The company reported $37.65 billion in gross bookings for the period, falling short of the $37.93 billion projected by analysts as per StreetAccount.
Source (CNBC)
