Uber is trading 6.2% up at $74.42 as investors reassess strong second-quarter results after the initial August 5 selloff.
- Gross Bookings rose 24% to $58.0 billion, exceeding analyst expectations and Uber’s guidance range; revenue reached $14.2 billion and non-GAAP EPS was $0.81.
- Current momentum appears earnings-related, with attention also on stronger free cash flow, Delivery growth, and Uber’s asset-light autonomous-vehicle strategy.