Earnings

Uber Q1 2021 earnings

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Uber beat estimates on the top line and dramatically improved its net losses in its first quarter but missed on revenue.

Shares initially gained in after-hours trading before dipping more than 4.5%.

Here’s how Uber did versus expectations:

  • Loss: 6 cents vs. 54 cents expected, according to a consensus of analysts surveyed by Refinitiv.
  • Revenue: $2.90 billion vs. $3.29 billion expected per Refinitiv.

It’s difficult for investors to compare year-over-year numbers from the company, as the Covid-19 pandemic began to take hold a year ago and severely restricted travel. However, ride-hailing companies are beginning to bounce back from their pandemic lows as coronavirus vaccines roll out and…



Source cnbc.com

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