Africa-Press – Lesotho. International tech firm Uber’s second-quarter revenues exceeded market expectations with a jump of 16% to $10.7 billion.
The firm’s gross bookings soared 19% to $39.95 billion this April-June period on a yearly basis, Uber said on Tuesday.
Markets had predicted levels slightly below these figures.
According to pre-market figures, the higher-than-expected balance sheet boosted the firm’s share by over 5% to $61.5.
“Uber’s growth engine continues to hum, delivering our sixth consecutive quarter of trip growth above 20 percent, alongside record profitability,” said Uber CEO Dara Khosrowshahi in a statement.
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