Uber forecasts upbeat second quarter on steady ride-hailing, delivery demand

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/uber” target=”_blank”>Uber Technologies forecast second-quarter adjusted core profit and gross bookings largely above Wall Street expectations on Wednesday, indicating resilient demand for its ride-hailing and food delivery services. The company expects gross bookings to be between $45.75 billion and $47.25 billion for the current quarter. This compared with Wall Street expectations of $45.83 billion.

Ride-hailing demand has remained resilient as a rebound in business travel and stricter enforcement of return to office policies boost intra-city commuting, airport trips…



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Uber forecasts upbeat second quarter on steady ride-hailing, delivery demand


ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/uber” target=”_blank”>Uber Technologies forecast second-quarter adjusted core profit and gross bookings largely above Wall Street expectations on Wednesday, indicating resilient demand for its ride-hailing and food delivery services. The company expects gross bookings to be between $45.75 billion and $47.25 billion for the current quarter. This compared with Wall Street expectations of $45.83 billion.

Ride-hailing demand has remained resilient as a rebound in business travel and stricter enforcement of return to office policies boost intra-city commuting, airport trips…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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