Uber reported an operating profit of $172 million for the first quarter, below analysts' expectations.
Raluca Niculae
International
Foto: Shutterstock
Always see our news on Google
The company attributed the shortfall to legal costs, including a $178 million payment to settle a class-action lawsuit filed by taxi drivers in Australia. Even with the weak results, the quarter still compared favorably to the losses reported in Q1 2022. Uber shares fell about 9% in early New York trading.
Latest News
08:45
EXCLUSIVE | July 30, 2026. Trends in online searches / last 24 hours
08:39
Lamborghini recorded a decline of over 8% in operational profit in the first half of 2026, despite record revenues of 1.74 billion euros.
08:30
Diana Buzoianu, the Minister of the Environment, stated that the information according to which owners of wells could receive up to ten years in prison represents a "fake news"
08:22
BMW announces the elimination of 8,000 jobs in Germany through voluntary departures, affecting the administrative and development departments.
08:21
An F-16 fighter jet crashed in Ukraine while pursuing Russian aerial targets / The pilot managed to eject safely.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
