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Uber jumps 4% after reporting record bookings for March driven by delivery business


Uber jumps 4% after reporting record bookings for March driven by delivery business
[email protected] (Matthew Fox)
Uber jumped as much as 4% on Monday after it revealed record gross-billings last month.
Uber s March business surge was driven by record Uber Eats billings and the strongest ride-hailing bookings since March 2020.
As vaccination rates increase in the United States, we are observing that consumer demand for Mobility is recovering faster than driver availability, Uber said.
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The business surge was driven by record gross billings in its delivery business, which crossed a $52 billion annualized gross bookings run-rate last month, representing year-over-year growth of more than 150%. ....

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