Uber likely seller of 7.8% stake in India's Zomato - source, term sheet
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Uber (UBER), Lyft (LYFT) extend gains, Up 13%
August 2, 2022 9:34 AM EDTUber (NYSE: UBER), Lyft (NASDAQ: LYFT) extend gains, Up 13%
... MoreUber Stock Erupts on Strong Beat, Analysts Expect Positive Market Reaction
August 2, 2022 9:12 AM EDTShares of Uber (NYSE: UBER) are up almost 13% after the ride-sharing and delivery company delivered very strong results.
Uber said it recorded revenue of $8.07 billion to easily beat the consensus of $7.39 billion with gross bookings rising 33% and coming ahead of expectations. Uber reported an adjusted EBITDA of $364 million to crush the average analyst estimate of $265.9 million.
The company attributed a loss per share of $1.33 to a $1.7... More
