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Uber Shares Fall as Revenue Miss Clouds
Financial Express Lucknow
|May 08, 2025
UBER TECHNOLOGIES MISSED quarterly revenue estimates as growth in its ride-hailing unit slowed to its weakest since the pandemic, stirring fears of slowing demand against the backdrop of a murky economic outlook and clouding an upbeat forecast.
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Shares of the company fell about 8% before clawing back some ground to be down 5% in premarket trading on Wednesday.
Total revenue rose 14% to $11.53 billion in the first quarter, compared with analysts' expectations of $11.62 billion, according to data compiled by LSEG.
Uber has struggled to match the high growth from the post-pandemic quarters and is also contending with lower ride prices with some customers seeking cheaper transport options.
Dit verhaal komt uit de May 08, 2025-editie van Financial Express Lucknow.
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