Uber seems to be promoting the tumult of the global economy, despite the fact that consumers are sparing on the walks and delivery.
The company said Wednesday that it had $ 11.5 billion in revenues in its most recent quarter, 14 percent more than a previous year and slightly below the expectations of Wall Street investors. His total reserves also grew by 14 percent to $ 42.8 billion, which was in line with expectations.
Investors have been eager to see how the last Round of Trump’s fees could affect Uber’s growth. While the company’s direct business has little exposure to tariffs, an hindered economy could make customers less willing to spend on trips and deliveries.
But Uber predicted that his reserves would increase from 16 to 20 percent in the current quarter, which was higher than Wall Street or 14 percent estimates. In a statement, Dara Khosrowshahi, executive director of Uber, said that “a vertiginous backdrop of headlines about commercial and economic policy”, the beginning of the company in the year was still strong.
Uber’s gain for the quarter was $ 1.8 billion, an improvement in the loss of the first quarter of last year or $ 654 million, which attributed to a coup of $ 721 million of revaluations of its investments.
Uber also announced a handful of new associations of autonomous vehicles in the first four months of the year, all part of the company’s broader strategy to co -opt the growth of robot taxis companies that could be seen as their competitors.
In March, Uber, an exclusive association in Austin, Texas, with the Autonomous Company of Waymo vehicles, and the agreement will arrive in Atlanta in the near future. As of May, Uber had 18 active associations of autonomous vehicles.
While the trip still represents most of Uber’s profits, the company’s food delivery business grew 15 percent. The company also spent $ 700 million on Tuesday to acquire an 85 percent participation in Trendyol Go, a Turkish food and edible platform.
And Uber saw a relief of the increase in car insurance costs, which have reduced the profits of their drivers. The company increased its short and long term insurance reserves in the last quarter compared to the previous year.
