Tuesday, 11 Mar 2025

Uber bookings hit all-time high in past three months as workers return to offices

Uber bookings hit all-time high in past three months as workers return to offices


Uber bookings hit all-time high in past three months as workers return to offices
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Wall Street overlooked a huge loss for the quarter and shares jumped more than 12% before the opening bell on Tuesday.

Revenue at the San Francisco company more than doubled to $8.07bn, bolstered by a change in the business model for its UK mobility business and the acquisition of Transplace by Uber Freight. This beat the $7.36bn that analysts polled by FactSet predicted.

Gross bookings surged 33% to $29.08bn, an all-time high and Uber Technologies foresees third-quarter gross bookings between $29bn and $30bn.

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