GoKawiilUber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts' expectations.
The stock jumped 8% following the earnings release.
Here's how the company did versus Wall Street's expectations, according to estimates compiled by LSEG:
Earnings per share: 13 cents vs. 70 cents expected
13 cents vs. 70 cents expected Revenue: $13.2 billion vs. $13.29 billion expected
Uber said its net income took a $1.5 billion hit due to the revaluation of equity investments. On a non-GAAP basis, earnings per share came to 72 cents, the company said in its earnings release on Wednesday. Uber has equity investments in Didi and Grab , both based in Asia.
Because of the "pre-tax headwind" from the revaluations, net income fell to $263 million from $1.78 billion a year earlier. Revenue in the quarter increased 14% from $11.5 billion a year ago.
Uber's delivery segment, the fastest-growing part of the business, recorded 34% revenue growth to $5.07 billion from $3.78 billion in the same quarter last year. That topped the average analyst estimate of $4.89 billion, according to StreetAccount.
The company said delivery growth was strong in Australia, Japan, and the U.K.
"The consumer is spending, they're spending locally, and we don't see any signs of that weakening at this point," CEO Dara Khosrowshahi told CNBC in an interview on Wednesday.
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