Key Takeaways
- Uber’s gross bookings rose 25% to $53.7B in Q1, with Mobility up 20% and Delivery up 23%.
- UBER expects Q2 gross bookings of $56.25-$57.75B, despite Middle East tensions and a fuel price spike.
- Uber Eats added over 1,500 Ulta stores, with items from more than 600 brands available for same-day delivery.
Shares of Uber Technologies (UBER – Free Report) have declined 12.3% so far this year, underperforming the Zacks Internet-Services industry and the S&P 500 Index, of which it is a key member. In comparison, shares of rival Lyft (LYFT – Free Report) have dropped even more steeply in the same timeframe.
