.August 6, 2024 12:41 PM

Uber Technologies (NYSE:UBER) shares surged over 8% after exceeding revenue and gross bookings expectations in Q2. Earnings per share came in at $0.18, below the estimated $0.31, but quarterly revenue reached $10.7 billion, slightly above the projected $10.57 billion. Gross bookings rose to $39.95 billion, surpassing the estimate of $39.71 billion. Adjusted EBITDA increased 71% year-over-year to $1.57 billion, beating the forecast of $1.5 billion. For Q3, Uber expects gross bookings between $40.25 billion and $41.75 billion, with adjusted EBITDA ranging from $1.58 billion to $1.68 billion.