Uber's revenues beat forecasts in Q2

By Gokhan Ergocun

ISTANBUL (AA) - International tech firm Uber's second-quarter revenues exceeded market expectations with a jump of 16% to $10.7 billion.

The firm's gross bookings soared 19% to $39.95 billion this April-June period on a yearly basis, Uber said on Tuesday.

Markets had predicted levels slightly below these figures.

According to pre-market figures, the higher-than-expected balance sheet boosted the firm's share by over 5% to $61.5.

“Uber’s growth engine continues to hum, delivering our sixth consecutive quarter of trip growth above 20 percent, alongside record profitability,” said Uber CEO Dara Khosrowshahi in a statement.