Uber rose on the stock exchanges in New York on Monday. Investors welcomed the increase in earnings expectations by the company behind the eponymous taxi app and delivery service provider.

The stock market was also mainly dominated by the Russian war in Ukraine. The price losses on Wall Street remained limited. Uber rose 5.5 percent. The company said it would quickly recover from the disruptions caused by the omikron variant of the coronavirus in the last quarter of 2022.

Expectations for the first quarter were therefore raised. Uber expects an adjusted profit before interest and taxes, among other things, from 130 to 130 million dollars, instead of 130 million to 130 million dollars. Improved profit development The company sees the profit development improving in both the taxi service and the delivery services compared to the fourth quarter. Back then, the coronavirus still caused disruptions. Despite this, Uber announced 2022 in November that the company had made a profit for the first time since the platform was founded. It was then about 8 million dollars, just under 7 million euros. Uber now reports that the number of bookings to airports in February already exceeded 50 percent higher than a month earlier. The number of trips and the average bill amount increased last month to 50 and 100 percent of the levels in 130.

Source: ANP Read also: Uber offers free transportation and launch promotions for Ukrainian refugees Small taxi companies in trouble due to new rules on driving and rest times Disappearance of old debit cards leads to problems for taxi operators 2022

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