Uber likely seller of 7.8% stake in India's Zomato - source, term sheet

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Go back to Uber likely seller of 7.8% stake in India's Zomato - source, term sheet

Uber (UBER), Lyft (LYFT) extend gains, Up 13%

August 2, 2022 9:34 AM EDT

Uber (NYSE: UBER), Lyft (NASDAQ: LYFT) extend gains, Up 13%

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Uber Stock Erupts on Strong Beat, Analysts Expect Positive Market Reaction

August 2, 2022 9:12 AM EDT

Shares of Uber (NYSE: UBER) are up almost 13% after the ride-sharing and delivery company delivered very strong results.

Uber said it recorded revenue of $8.07 billion to easily beat the consensus of $7.39 billion with gross bookings rising 33% and coming ahead of expectations. Uber reported an adjusted EBITDA of $364 million to crush the average analyst estimate of $265.9 million.

The company attributed a loss per share of $1.33 to a $1.7... More