Uber (UBER) Shares Up 5% on Strong Q4 Beat
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Uber posts quarterly profit as ride demand recovers, delivery remains strong
February 9, 2022 4:14 PM ESTBy Tina Bellon and Nivedita Balu
(Reuters) -Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time.
Shares were up nearly 6% in after-hours trading.
The company's first-quarter outlook fell short of Wall Street expectations as the Omicron coronavirus variant dampens travel, but Uber Chief Executive Dara Khosrowshahi said business had started picking up into February.
"While the Omicron variant began to impact our business in late December, mobility is already starting to bounce back, with gross... More
Uber (UBER) Tops Q4 EPS by 79c
February 9, 2022 4:07 PM ESTUber (NYSE: UBER) reported Q4 EPS of $0.44, $0.79 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.34 billion.
Gross Bookings grew 51% year-over-year (YoY) to $25.9 billion, or 50% on a constant currency basis, with Mobility Gross Bookings... More