Uber reported first-quarter revenue of over $10 billion, beating estimates but posting a wider net loss. Gross bookings slightly missed forecasts, though mobility bookings grew 25% and delivery 18% year-over-year. Monthly active platform consumers were up 15% from a year ago. The company cited robust demand and consumer spending shifts supporting its marketplace. Uber aims to boost penetration in core services and expand into new segments to drive user growth. Shares fell over 6% in Wednesday's premarket trading.
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00:00 It's Benzinga and here's what's on the block.
00:02 Uber reported first quarter revenue of over $10 billion, beating estimates but posting a wider
00:08 net loss. Gross bookings slightly missed forecast, though mobility bookings grew 25% and delivery
00:14 18% year over year. Monthly active platform consumers were up 15% from a year ago. The
00:20 company cited robust demand and consumer spending shifts supporting its marketplace. Uber aims to
00:26 boost penetration in core services and expand into new segments to drive user growth. Shares
00:31 fell over 6% in Wednesday's pre-market trading. For all things money visit Benzinga.com