Uber shares slide after earnings miss: cheap rides squeeze margins as robotaxi bets grow
Uber missed Q4 earnings estimates and projected Q1 adjusted EPS below forecasts, sending shares down over 8% premarket. Q4 revenue rose 20% to $14.37 billion, with trips and gross bookings each up 22%. CFO Prashanth Mahendra-Rajah will step down. Uber flagged a UK accounting change that will reduce reported mobility revenue margins.