Uber forecasts strong bookings despite regional woes
Uber expects second-quarter bookings to reach $57.75 billion, beating estimates. Strong demand for rides and delivery helps offset Middle East tensions.
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Xurve View
UBER TECHNOLOGIES INC forecast second-quarter gross bookings between $56.25 billion and $57.75 billion, surpassing analyst estimates of $56.07 billion. The outlook follows a 7% share price increase as Uber prioritizes high-margin business platforms and steady pricing. Robust delivery demand and international expansion signal durable growth for investors despite geopolitical headwinds in the Middle East.
