Uber Surprises With A 15% Revenue Jump To A Sharp 8% Stock Drop And A Slashed Year-To-Date Gain - Uber Technologies (NYSE:UBER)

Loading...Loading... Uber's revenue increased by 15% in the first quarter of 2024 compared to the same period last year. The company reported a substantial net loss of $654 million. Following the release of these financial results, Uber’s stock price dropped by 8%, reducing its year-to-date gains. For Q1 of 2024, Uber Technologies Inc UBER revealed that the company performed better than expected in terms of revenue, seeing a 15% growth compared to last year, but its operating profit didn't hit its target.An ...