Uber Q1 revenue rises 14%, slightly misses estimates; forecasts strong Q2 bookings

Uber's Q1 revenue rose 14% year-over-year, slightly missing expectations, but the company's shares climbed on a strong forecast. This outlook signals success in its strategy of steady pricing and expansion into higher-margin areas, bolstered by international delivery demand and new geographies. The firm also anticipates robust second-quarter gross bookings and adjusted earnings per share, exceeding analyst estimates.