Uber Applied sciences, Inc. (NYSE: UBER) on Wednesday reported a wider web loss for the primary quarter of 2024. Revenues of the ride-sharing big elevated 15% through the three months.
Internet loss attributable to the corporate was $654 million or $0.32 per share within the March quarter, in comparison with a lack of $157 million or $0.08 per share within the corresponding quarter final yr.
There was a 15% improve in web revenues to $10.1 billion within the first quarter from $8.82 billion in the identical interval of 2023. At $37.65 billion, gross bookings have been up 20% year-over-year.
“Our results this quarter once again demonstrate our ability to deliver consistent, profitable growth at scale. More than 7 million people now choose to earn flexibly on Uber every month, with driver earnings of $16.6 billion continuing to grow faster than our top line,” mentioned Dara Khosrowshahi, chief govt officer of Uber.
