Uber beats analysts’ expectations on the back of strong Christmas demand

Dara Khosrowshahi, the chief executive at Uber, hailed the final three months of the year as a “standout quarter” for the firm

Uber beat expectations at the tail end of last year but expects to do better again at the beginning of 2024. Picture: John Milner/SOPA Images/LightRocket via Getty Images

Uber, the ride-hailing firm, performed better than anticipated in the final quarter of last year, with order totalling almost $40 billion in delivery orders compared to analysts’ average estimate of $37.1 billion.

The US firm reported gross bookings of $37.6 billion in the three months to the end of December last, ahead of the analyst forecasts but behind its expected bookings of between $37 billion and $38.5 billion for the current period.

The firm’s gross ...