Uber Reports Growth

Uber ($UBER@US) reported revenue growth, indicating that it is recovering from its slowdown during the pandemic, but it also posted a net loss due to its investments in other ride-hailing companies. Its revenue increased 72 percent from last year to $8.34 billion, and its stock price rose more than 8 percent in premarket trading. Uber reported that the number of drivers on the platform has returned to levels before the pandemic.