UBER's Q1 Loss Wider Than Estimates, Revenues Increase Y/Y

Uber Technologies (UBER) reported a loss of 32 cents per share in the first quarter of 2024. The Zacks Consensus Estimate was pegged at 21 cents. In the year-ago quarter, UBER incurred a loss of 8 cents.Total revenues of $10,131 million beat the Zacks Consensus Estimate of $10,076 million. The top line jumped 15% year over year.In the reported quarter, the majority (55.6%) of the company’s revenues came from Mobility. Revenues from this segment jumped 30% year over year to $5,633 million. Revenues from the ...