{"id":27297,"date":"2025-05-07T10:55:01","date_gmt":"2025-05-07T10:55:01","guid":{"rendered":"http:\/\/medexperts.pro\/?p=27297"},"modified":"2025-05-07T11:26:43","modified_gmt":"2025-05-07T11:26:43","slug":"uber-revenue-up-14-percent-despite-economic-fears","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=27297","title":{"rendered":"Uber Revenue Up 14 Percent, Despite Economic Fears"},"content":{"rendered":"
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The company also predicted that business in the current quarter would be stronger than Wall Street had predicted.<\/p>\n

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Uber appears to be powering through the tumult of the global economy, despite fears that consumers are skimping on rides and deliveries.<\/p>\n

The company said on Wednesday that it had $11.5 billion in revenue in its most recent quarter, up 14 percent from a year earlier and slightly below Wall Street investors\u2019 expectations. Its total bookings also grew 14 percent to $42.8 billion, which was in line with expectations.<\/p>\n

Investors have been eager to see how President Trump\u2019s latest round of tariffs might affect Uber\u2019s growth. While the company\u2019s direct business has little exposure to tariffs, a hampered economy could make customers less willing to spend on rides and deliveries.<\/p>\n

But Uber predicted its bookings would increase 16 to 20 percent in the current quarter, which was higher than Wall Street estimates of 14 percent. In a statement, Dara Khosrowshahi, Uber\u2019s chief executive, said that against \u201ca dizzying backdrop of headlines on trade and economic policy,\u201d the company\u2019s start to the year was still strong.<\/p>\n<\/div>\n<\/div>\n

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Uber\u2019s profit for the quarter was $1.8 billion, an improvement from last year\u2019s first-quarter loss of $654 million, which it attributed to a $721 million hit from revaluations of its investments.<\/p>\n

Uber also announced a handful of new autonomous vehicle partnerships in the first four months of the year, all part of the company\u2019s larger strategy to co-opt the growth of robot taxi companies<\/a> that could be seen as its competitors.<\/p>\n

In March, Uber began an exclusive partnership in Austin, Texas, with the autonomous vehicle company Waymo, and the arrangement will be coming to Atlanta in the near future. As of May, Uber had 18 active autonomous vehicle partnerships.<\/p>\n

While ride-hailing still accounts for the bulk of Uber\u2019s profits, the company\u2019s food delivery business grew by 15 percent. The company also spent $700 million on Tuesday to acquire an 85 percent stake in Trendyol Go, a Turkish food and grocery platform.<\/p>\n

And Uber saw some relief from rising auto insurance costs, which have cut into the earnings of its drivers. The company grew its short-term and long-term insurance reserves in the last quarter compared with a year earlier.<\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The company also predicted that business in the current quarter would be stronger than Wall Street had predicted.Uber appears to be powering through the tumult of the global economy, despite fears that consumers are skimping on rides and deliveries.The company said on Wednesday that it had $11.5 billion in revenue in its most recent quarter, up 14 percent from a year earlier and slightly below Wall Street investors\u2019 expectations. Its total bookings also grew 14 percent to $42.8 billion, which was in line with expectations.Investors have been eager to see how President Trump\u2019s latest round of tariffs might affect Uber\u2019s growth. While the company\u2019s direct business has little exposure to tariffs, a hampered economy could make customers less willing to spend on rides and deliveries.But Uber predicted its bookings would increase 16 to 20 percent in the current quarter, which was higher than Wall Street estimates of 14 percent. In a statement, Dara Khosrowshahi, Uber\u2019s chief executive, said that against \u201ca dizzying backdrop of headlines on trade and economic policy,\u201d the company\u2019s start to the year was still strong.Uber\u2019s profit for the quarter was $1.8 billion, an improvement from last year\u2019s first-quarter loss of $654 million, which it attributed to a $721 million hit from revaluations of its investments.Uber also announced a handful of new autonomous vehicle partnerships in the first four months of the year, all part of the company\u2019s larger strategy to co-opt the growth of robot taxi companies that could be seen as its competitors.In March, Uber began an exclusive partnership in Austin, Texas, with the autonomous vehicle company Waymo, and the arrangement will be coming to Atlanta in the near future. As of May, Uber had 18 active autonomous vehicle partnerships.While ride-hailing still accounts for the bulk of Uber\u2019s profits, the company\u2019s food delivery business grew by 15 percent. The company also spent $700 million on Tuesday to acquire an 85 percent stake in Trendyol Go, a Turkish food and grocery platform.And Uber saw some relief from rising auto insurance costs, which have cut into the earnings of its drivers. The company grew its short-term and long-term insurance reserves in the last quarter compared with a year earlier.<\/p>\n","protected":false},"author":1,"featured_media":27299,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-27297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/27297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27297"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/27297\/revisions"}],"predecessor-version":[{"id":27300,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/27297\/revisions\/27300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/27299"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}