Business
Uber tops second-quarter revenue, profit estimates on strong ride demand as employees return to in-office work
Uber topped second-quarter Wall Street estimates for revenue and profit on Tuesday, bolstered by a high demand for rides as employees returned to in-office work at near pre-pandemic levels. Revenue jumped 16% to $10.70 billion, above LSEG analysts’ expectations of $10.57 billion. Gross bookings spiked 19% to $39.95 billion, beating LSEG analysts’ expectations of $39.68 billion. Uber posted second-quarter revenue and profit that topped analysts’ expectations on Tuesday as employees have been returning to in-office…
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