Uber shares dip as Q1 revenue misses expectations amid slow growth

Uber Technologies missed quarterly revenue estimates as growth in its ride-hailing unit slowed to its weakest since the pandemic, stirring fears of slowing demand against the backdrop of a murky economic outlook and clouding an upbeat forecast.

Shares of the company fell about 8 per cent before clawing back some ground to be down 5 per cent in premarket trading on Wednesday.