Uber Technologies Inc.’s
revenue climbed 83% in the last quarter of 2021, helped by a recovery in its rides business and continued demand for food delivery despite restaurant reopenings.
The company posted revenue of $5.78 billion for the three months ended Dec. 31, beating the average estimate of $5.35 billion from analysts polled by FactSet. Its rides bookings rose by 67% year-over-year while its food-delivery bookings jumped 34% over the same period. Uber ended the quarter with 118 million active customers, a record for the company. Uber’s stock was up about 6% in after-hours trading Wednesday.
Uber has posted rare profits on the back of its investments in other companies, though it is yet to turn a profit on the strength of its operations alone. The company posted a…
