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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.
Bu hikaye Financial Express Lucknow dergisinin May 08, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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