business
Uber forecasts strong second-quarter bookings despite Middle East woes
Key takeaways
- Shares of the San Francisco-based company rose about 8% in premarket trading.
- Strong delivery demand in international markets, including Australia, and expansion into new geographies such as Denmark have also helped power growth.
- Uber said it expects gross bookings of $56.25 billion to $57.75 billion for the June quarter, above analysts average estimate of $56.07 billion, according to data compiled by LSEG.
Uber forecasts strong second-quarter bookings despite Middle East woes Reuters Wed, May 6, 2026 at 5:57 PM GMT+7 2 min read UBER May 6 (Reuters) - Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth.
Shares of the San Francisco-based company rose about 8% in premarket trading.
The strong forecast is a sign that the company s strategy of keeping prices steady while pushing into higher-margin areas such as its platform for businesses are paying off, helping it navigate higher fuel costs and geopolitical tensions.
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