Uber pops 10% as company issues higher-than-expected bookings guidance

Uber's net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments, but the company issued higher-than-expected bookings guidance, causing its stock to rise 10%. This increase in stock price suggests a positive outlook for the company despite the initial loss. Uber's financial performance is being closely watched by investors and analysts.