Uber reported first-quarter revenue that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts' expectations.
The stock climbed 9% following the report.
5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments.
The company said its net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments.
Despite the revenue miss, the stronger-than-expected bookings guidance provided a lift to investor sentiment.
The move highlights the importance of forward-looking metrics in assessing the company's performance, particularly in a sector where bookings and demand trends are closely watched.
Uber's ability to raise guidance suggests underlying strength in its business model and customer demand, even as it faces headwinds from investment-related losses.