Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
UBER•Revenue misses slightly as operating costs rise
Revenue rose 12% to $14.19 billion, narrowly missing estimates of $14.24 billion after an accounting change in Britain reduced reported sales growth without affecting the underlying economics.
It forecast adjusted earnings per share of 84 cents to 88 cents, compared with analysts' expectations of 89 cents, according to data compiled by LSEG.
Operating expenses rose about 10% in the second quarter, with spending increasing across marketing, research and administrative operations.
Uber said it added more first-time users over the past year than during any comparable period in the previous five years, helping lift gross bookings by .
