Revenue in the first three months of 2022 was up 136 percent from a year earlier as travel continued to rebound.
Picking up passengers at Kennedy International Airport in New York. In the pandemic, Uber’s financial results have been an indicator of broader economic health and appetite for travel.Credit...Gabby Jones for The New York Times
Uber on Wednesday reported strong growth in its ride-hailing and delivery businesses and said it was continuing to bounce back from a pandemic slump, even as it lost $5.6 billion because of its investments in other ride-sharing companies, primarily the Chinese service Didi.
The company reported $6.9 billion in revenue for the first three months of 2022, outstripping analysts’ expectations and skyrocketing 136 percent from the same time last year, when Covid-19 vaccines were scarce and people were not traveling as much. Uber also said it had logged 1.7 billion trips during the quarter, an 18 percent increase from a year earlier, and had 115 million people using its platform each month, a 17 percent increase.
