Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up 8% year-over-year and above the Wall Street projection. Meanwhile, the net loss of $0.06 per share was narrower than what analysts had targeted.
Uber shares were up 2% immediately following the announcement. The stock has traded mostly sidewise since the beginning of this year.
