The ride-hailing giant projects robust demand despite geopolitical tensions impacting operations in the Middle East.
Uber expects second-quarter bookings to exceed prior forecasts, driven by strong consumer demand across core markets. The outlook reflects resilience despite disruptions in the Middle East, where geopolitical tensions have weighed on regional performance.
Analysts had anticipated modest growth, but the updated guidance suggests accelerating momentum. First-quarter bookings rose 21% year-over-year, setting a high bar for the current period.
Shares edged higher in after-hours trading following the announcement, signaling investor confidence in the revised outlook.