Uber posts strong Q2 as gross bookings rise year over year

Uber said second-quarter gross bookings rose 22% year over year in its latest update, while an earlier report on the quarter cited 24% growth, leaving the exact rate subject to revision. Trailing 12-month free cash flow exceeded $10 billion, highlighting strong cash generation, and the recent $14.8 billion acquisition of Delivery Hero significantly expands the company’s cross-platform market presence. The results suggest Uber has remained resilient despite geopolitical tensions and higher oil prices that had raised concerns about pressure on demand or operating performance.

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