Uber Posts Earnings Beat as Rideshare Demand Remains Strong
- Results driven by better-than-expected growth in ridehailing
- Autonomous rides grew six-fold from year ago through partners
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Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.
Gross bookings, which includes ride hails, delivery orders and driver and merchant earnings but not tips, grew 19% to $39.95 billion in the three months ended June 30, Uber said in a statement on Tuesday. Analysts forecast $39.7 billion, according to Bloomberg-compiled estimates.