.August 6, 2024

10:40:26 AM

Uber Technologies Inc. reported a 19% year-over-year growth in gross bookings, showcasing its expanding market presence in the ridesharing and mobility services industry. The company generated $1.47 billion in net cash from operating activities, highlighting strong operational efficiency. Additionally, Uber achieved a remarkable free cash flow of $1.415 billion, indicating financial health and liquidity. With strategic investments and prudent financial management, Uber is well-positioned for future growth and stability in the global transportation sector.