Uber beat first-quarter earnings estimates on Wednesday but missed revenue expectations, according to CNBC. The ride-share company reported earnings of 83 cents per share, beating expectations, while revenue of $11.53 billion came in just below forecasts. Ride-hailing and delivery bookings rose 13% and 15% year over year, respectively. Uber expects Q2 gross bookings between $45.75 billion and $47.25 billion and EBITDA between $2.02 billion and $2.12 billion. CEO Dara Khosrowshahi called autonomous vehicle technology Uber’s “greatest opportunity” and said the platform has reached a 1.5 million trip run-rate for AV rides and deliveries.
