Lost your password?
Don't have an account? Sign Up

Uber Stock Rises After positive revenue!

Uber’s quarterly revenue jumped 49% in the latest quarter, beating estimates.

Shares of Uber are climbing after the ride-hailing company reported higher quarterly revenue as people spent more on rides.

The stock recently stood 3% higher in afternoon trading.

Tweet on Uber shares fluctuation

Factset chart on Uber

Uber said revenue for the last three months of 2022 rose 49% to $8.6 billion compared to the year-ago period. That was more than the $8.51 billion analysts expected, according to FactSet.

Uber’s adjusted earnings also beat expectations. Read more about the company’s results here.

As of Tuesday’s close, the stock is up about 41% year to date, but down about 9% from a year ago, according to FactSet.