Uber stock soars after the Q2 revenue jumps 105% to $8.1B

Shares of the ride-hailing giant Uber (NYSE: UBER) jumped more than 18% on Tuesday after the company reported stronger than expected second-quarter revenue numbers. The company reported record revenue of $8.1 billion in the second quarter while Uber still posted a net loss of $2.6 billion.

Earnings per share: -$1.33 vs. -$0.25 expected

Revenue: $8.1 billion vs. $7.39 billion expected

Uber’s strong Q2 results were boosted by strong demand for its ride-hailing and food delivery services. The gross bookings reached an all-time high of $29.1 billion in the second quarter this year, up 33% YoY. For Q3 2022, Uber anticipates gross bookings of $29 billion to $30 billion.

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