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Uber Surpasses Estimates with Over 10% Increase in Revenue and Bookings.

CNBC LogoCNBC2w ago

 Uber Surpasses Estimates with Over 10% Increase in Revenue and Bookings. - CNBC

Quick Summary:

Uber reported fourth-quarter results Wednesday that beat analysts' estimates for revenue and profit.

Mobility (gross bookings): $19.3 billion, up 29% year over year.

Uber's net income includes a $1 billion net tail wind thanks to "unrealized gains" from revaluations of its equity investments, according to a release.


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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-07 @ 21:01:53 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 20041513

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About CNBC

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Main Topics: Technology

Official Website: cnbc.com

Update Frequency: 7 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #35

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