Uber said revenue in its food delivery business increased 30%, beating analysts' estimates.
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Uber
reported better-than-expected revenue in its fourth-quarter earnings report on Wednesday. Shares sank premarket after the release.
Here’s how the company did versus LSEG consensus estimates for the period ended in December:
Revenue increased from $12 billion a year earlier, Uber said in its earnings release. The mobility segment, its ride-hailing platform, generated revenue of of $8.2 billion, up 19% from a year ago, while delivery revenue climbed 30% to $4.9 billion.
CEO Dara Khosrowshahi said the company saw one of its strongest trip volume increases in history.
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