Uber Records 29 Percent Jump in Quarterly Revenues With Much Higher Gross Bookings Amid Rising Demand

Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand. Pointing to robust activity in numerous markets, the company reported a 29 percent jump in first-quarter revenues to $8.8 billion (roughly Rs. 72,000 crore), with much higher gross bookings in both mobility and delivery.

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