Uber Jumps After Fourth-Quarter Sales Beat Estimates
- Revenue during the period increased 83% to $5.8 billion
- First-quarter outlook is tempered by omicron effects
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Uber Technologies Inc. rallied in late trading after fourth-quarter revenue topped estimates and the ride-hailing giant reported the most active users in its history, easing fears about a disruption from Covid-19’s omicron variant.
Revenue rose 83% to $5.8 billion in the period, the company said Wednesday in a statement. That beat the $5.4 billion analysts had projected, according to data compiled by Bloomberg.