Uber's revenue in the first quarter exceeded expectations, reaching $10.13 billion, but the stock price fell by more than 5% due to increased losses caused by investment revaluation.

Revenue and net loss: Uber's revenue in the first quarter increased by 15% year-on-year, reaching $10.13 billion, exceeding market expectations of $10.11 billion. However, due to the reassessment of equity investments resulting in unrealized losses of $721 million, the company's net loss expanded from $157 million in the same period last year to $654 million.

Adjusted EBITDA performance: Uber's adjusted EBITDA was $1.38 billion, a year-on-year increase of 82%, slightly higher than analyst expectations of $1.31 billion. This reflects the continuous improvement of the company's operational performance.

Business segment performance: The total booking amount of the Mobile division reached 18.67 billion US dollars, a year-on-year increase of 25%; The total booking amount for the Delivery division was $17.7 billion, an increase of 18% year-on-year. Despite the strong performance of these numbers, the delivery service revenue margin in the first quarter was negatively affected by business model changes, dropping by 230 basis points.

User and itinerary growth: Uber's monthly active platform users reached 149 million, a year-on-year increase of 15%; The number of trips completed by the platform was 2.6 billion, a year-on-year increase of 21%. This indicates that despite facing challenges, demand remains strong.