Uber demand jumps as delivery grows, ride-hailing recovers
Uber saw record demand in the first quarter as its food delivery business grew and ride-hailing began to see some recovery. The San Francisco-based company said Wednesday that its overall bookings jumped 24% to $19.5 billion __ an all-time high __ in the January-March period. Delivery bookings rose 166% from the same period last year. Mobility bookings were down 38%, but that was narrower than the year-over-year losses the company saw most of last year. Without one-time charges, Uber reported $3.5 billion in revenue, topping Wall Street’s estimate of $3.27 billion.