Growth is one of the best protections, Uber's growth is accelerating, says Jim Cramer

Financial Performance - Uber's trips grew 22%, gross bookings grew 21%, and revenue grew 20%, all exceeding expectations [3] - Uber earned $311 per share, surpassing analysts' expectations of 69, largely due to a $49 billion benefit from a tax valuation release [3][4] - Adjusted earnings for interest, taxes, depreciation, and amortization grew at a 33% clip year-over-year [17] Business Segment Performance - Uber Eats' gross bookings grew 25% and revenue grew 29% [4] - The mobility segment (ride sharing) saw gross bookings and revenue both grow 20% [4][5] - Uber is finding success in the grocery and retail space, which is driving Uber Eats' growth [13] Market Dynamics and Strategy - Uber's growth is accelerating across both ride sharing and food delivery [15] - Customer engagement is improving, up 4% in the quarter, with users of both ride sharing and food delivery spending three times more and retaining 35% better [15] - In areas where both ride sharing and food delivery are available, only 20% of Uber's users utilize both services [16] - Uber is focused on growing market share in ride sharing and delivery, increasing customer engagement, and expanding the Uber One membership program [14] Potential Risks and Concerns - Uber's margins came in a little light, potentially indicating increased competition from companies like DoorDash and Lyft [8] - Robo taxis from companies like Whimo and Tesla could present a future challenge, although the author believes this is not a significant concern [9]