Uber Stock Sinks as Bookings Forecast Disappoints

Category: Finance

Uber's shares fell 7% after the company reported a current-quarter gross bookings outlook below analysts' estimates. Despite a net income of $6.88 billion, Uber's operating income and adjusted EBITDA missed expectations. The firm reported gross bookings of $44.2 billion, but projects lower bookings for the next quarter due to currency headwinds.

Keywords: Uber, shares, gross bookings

Source: Investopedia

Update At: 2/6/2025

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