The ride-hailing giant forecasts stronger-than-expected revenue growth despite disruptions in the Middle East.
Uber Technologies Inc. (UBER) shares climbed after the company issued a robust revenue forecast, signaling resilience despite ongoing geopolitical tensions in the Middle East. The outlook exceeded analyst expectations, driven by strong demand in core markets and cost discipline.
Prior to the announcement, Uber had reported mixed results in its last quarter, with revenue growth slowing to 14% year-over-year. Analysts had anticipated a cautious outlook due to regional conflicts impacting operations in key markets like Israel and neighboring countries.
The stock rose over 5% in premarket trading, reflecting investor confidence in Uber’s ability to navigate macroeconomic and geopolitical headwinds while maintaining growth momentum.