Uber profit narrowly beat forecasts as trips across its platform surge
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- Uber Technologies posted Q2 earnings a tad above Wall Street estimates, even as the ride-hailing company's shares declined in early Wednesday trading.
- A jump in passengers and deliveries across Uber's platform boosted revenue during the second quarter.
Why it matters: For Uber shareholders, the stock drop on a narrow earnings beat suggests the company was already priced for stronger results — the revenue lift came from both core ride-hailing and delivery, showing the two-sided platform is pulling weight in both directions.
