Uber forecast signals strong demand

Uber Technologies has provided an optimistic outlook for the current quarter, projecting continued growth in its mobility and delivery segments.

The company expects gross bookings and adjusted earnings to exceed previous analyst estimates as consumer demand remains resilient in core markets.

While the firm reported a first-quarter revenue miss due to regulatory and accounting shifts, investors focused on the underlying strength of the platform.

Uber's leadership noted that a push into premium offerings and expanded advertising is driving improved margins across the business.