Uber Falls Short of Expectations Despite 18% More Rides! Acquisition of Trendyol GO and Deals With Autonomous Ride Services!

The ride-sharing service Uber Technologies (UBER) published its quarterly report for Q1 2025 on Wednesday, May 7, 2025, before the stock market opened, and investors were not entirely satisfied with the achieved revenue and gross bookings, as they slightly fell short of expectations. The stock declined by 2.5% during trading to $83.65. Revenue and gross bookings increase by 14% In Q1 2025, Uber was able to increase its revenues year-over-year by 14% from $10.13 billion to $11.53 billion, just below analyst estimates of $11.62 billion. The Mobility...