Uber shares rose more than 8% in premarket trading and drove gains of 4% each in those of Lyft and DoorDash, both of which report results on Thursday
Uber is benefiting from its dominant position in key global markets as travel rebounds from a pandemic-induced lull. A jump in the number of people looking to gain additional income is also helping platforms such as Uber squeeze out higher profit by offering lower incentives to gig workers, analysts have said.
After a tepid performance in the last two years, “the rideshare category in the United States and Canada is now growing faster in 2023,” he said. The company also forecast gross bookings, the total dollar value from its services, of between $33-billion and $34-billion, compared with the expectations of $33-billion.
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