Uber's Strong Earnings Signal Robust Demand for Rides and Delivery
Uber reported strong gross bookings of $37.6 billion in the fourth quarter, surpassing analyst estimates, driven by robust demand for rides and food delivery. The company's improved profitability and increased cash flow have allowed it to consider returning capital to shareholders. Despite the positive results, Uber's stock slid as investor expectations were high, and the company continues to face challenges in its freight business.
