Tourism UAE introduces
Wall Street overlooked a huge loss for the quarter and shares jumped more than 12% before the opening bell on Tuesday.
Revenue at the San Francisco company more than doubled to $8.07bn, bolstered by a change in the business model for its UK mobility business and the acquisition of Transplace by Uber Freight. This beat the $7.36bn that analysts polled by FactSet predicted.
Gross bookings surged 33% to $29.08bn, an all-time high and Uber Technologies foresees third-quarter gross bookings between $29bn and $30bn.
