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Benzinga
Benzinga
Business
Anusuya Lahiri

Uber Tops Q1 With 136% Revenue Growth Reflecting Recovery Kicking In; Lyft Shares Continues To Bleed On Dismal Outlook

Uber Technologies, Inc (NYSE:UBER) reported first-quarter FY22 revenue growth of 136% year-on-year to $6.85 billion, beating the consensus of $6.13 billion. Lyft, Inc's (NASDAQ:LYFT)  first-quarter revenue rose 44% Y/Y to $875.6 million, beating the consensus of $846 million.

Uber: Revenue from Mobility grew to $2.5 billion (+195% Y/Y), Delivery was $2.5 billion (+44% Y/Y) and Freight at $1.8 billion (506% Y/Y).

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