00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Uber and Disney reported strong consumer spending trends even as gasoline prices surged and
00:08geopolitical tensions increased, according to CNBC. Uber shares rose more than 8 percent,
00:15and Disney shares gained more than 6 percent after both companies pointed to resilient demand for
00:20rides, food delivery, vacations, and theme park visits. Uber said delivery revenue rose 34 percent
00:27to $5.07 billion, and ride-hailing revenue increased 5 percent to $6.8 billion as commuting
00:35activity and local spending remained strong. Disney said experience's revenue, which includes
00:41theme parks and cruises, rose 7 percent to nearly $9.5 billion, while global attendance increased
00:482 percent. Disney said domestic park demand remains healthy, but warned that higher fuel prices and
00:54macroeconomic uncertainty could eventually affect consumer behavior. Uber said it continues to see
01:00strong consumer spending trends across rides, delivery, and tipping. For all things money,
01:05visit Benzinga.com.
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