Uber Reports Disappointing Forecast! Especially the Gross Bookings for Q1 Fall Short of Expectations

The ride-sharing service Uber reported mixed results for the Q4 on February 5, 2025, and provided only a moderate outlook for Q1 of 2025. The stock reacted negatively. According to FactSet, revenue in the fourth quarter increased by about 20% to $12 billion compared to the previous year, exceeding Wall Street's expectations of $11.8 billion. The company also reported an operating income of $770 million. However, this significantly missed analysts' expectations of $1.15 billion. Consequently, Uber's shares fell by 7.56% during trading on February...