Uber's lower Q1 bookings forecast, Q4 profit miss drag down shares

Quick Summary:

Its total revenue of $11.96 billion also surpassed analysts' average estimate of $11.

Positioning itself as a major contender in the robotaxi race, the company said that Alphabet's Waymo will launch its self-driving taxi offering in Austin, Texas, exclusively on Uber's platform next month.

But total costs and expenses rose 20.5 per cent to $11.19 billion, resulting in operating income of $770 million missing estimates of $1.22 billion.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Uber Uber Q1 bookings Q4 results Uber Technologies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 23:12:40 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 25912176

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