Uber Technologies, Inc. (UBER) recently posted impressive fourth-quarter results that surpassed analysts' expectations. The ride-hailing giant registered a net income of $1.4 billion or 66 cents per share, marking a significant increase from the previous year's corresponding figure of $595 million or 29 cents per share.
Compared to the same period last year, the company saw an encouraging 15% rise in revenue for this quarter. Additionally, Uber reported gross bookings amounting to $37.6 billion, demonstrating a 22% growth on a year-over-year basis. With regards to adjusted EBITDA, the firm exceeded its guidance of $1.18 billion to $1.24 billion by recording $1.28 billion.
