Rising inflation hasn’t kept Uber’s consumers from ordering more takeout or hailing a ride. Its shares rose about 6.5%.
Revenue rose 49% to $8.6 billion in the fourth quarter of 2022.
Uber’s report contrasts with much of the technology sector that’s seen giants like Microsoft and Alphabet and gig-economy peers like DoorDash and Lyft lay off workers and scale back to adjust to a more uncertain economic outlook. Uber eliminated thousands of jobs in the early stages of the pandemic in 2020 but has said recently it has no plans for widespread job cuts.
Read on: in English