Uber results: Revenue jumps 29% to $8.84 billion on strong ride-sharing market

Uber Technologies Inc forecast quarterly core earnings above estimates on Tuesday after a surge in travel and food delivery demand helped the US ride-sharing giant report better-than-expected results for the January-March period.

For the first quarter, Uber’s revenue jumped 29% to $8.83 billion, beating estimates of $8.72 billion, mainly driven by a 72% growth in the ride-hailing segment.