Technologies

Uber Shares Surge 10% After Company Announces Stronger-Than-Anticipated Booking Projections

Uber shares jumped 10% after the company reported a quarterly revenue miss but provided stronger-than-expected booking guidance for the next quarter, driven by robust delivery growth and strategic cost-cutting measures.

On Wednesday, Uber shared its first-quarter financial results that fell short of forecasts, yet the ride-hailing leader provided booking guidance for the upcoming quarter that surpassed what analysts had predicted.

Shares of the company rose by 10% after the financial report was made public.

Below is a breakdown of how the company’s performance compared to Wall Street’s projections, based on data gathered by LSEG:

Profits per share: 13 cents compared to the anticipated 70 cents
Total income: $13.2 billion compared to the projected $13.29 billion

Uber noted that its net profit was reduced by $1.5 billion because of the reassessment of equity holdings. On a non-GAAP basis, the firm reported profits of 72 cents per share in its Wednesday financial statement. The company holds equity stakes in Didi and Grab, two Asian-based firms.

Due to the ‘pre-tax challenge’ caused by these reassessments, net profit dropped to $263 million from $1.78 billion in the previous year. Income for the quarter grew by 14% from $11.5 billion a year prior.

Uber’s delivery division, which is expanding the most rapidly, saw a 34% increase in income to $5.07 billion from $3.78 billion in the same period last year. This surpassed the average analyst forecast of $4.89 billion, according to StreetAccount.

The firm highlighted that delivery expansion was robust in Australia, Japan, and the U.K.

The shortfall in total income was driven by the results of Uber’s mobility, or ride-hailing, operations. Sales grew by 5% from the previous year to $6.8 billion, while analysts had anticipated revenue of $7.11 billion, according to StreetAccount.

In advance of the earnings call, CEO Dara Khosrowshahi stated that Uber is dealing with a ‘complex macro environment characterized by weather-related disruptions, geopolitical conflicts, and fluctuating fuel costs.’ Since the U.S. initiated military actions in Iran in February, domestic fuel prices have risen by approximately 50%.

These elevated costs are especially difficult for Uber drivers, who cover their own fuel expenses. Towards the end of March, Uber introduced fuel discounts and additional incentives for drivers, which will remain available until nearly the end of May.

The firm logged 3.6 billion trips during the first quarter. Total bookings grew by 25% to $53.7 billion, exceeding the average estimate of $52.8 billion. For the second quarter, the company anticipates bookings between $56.25 billion and $57.75 billion, surpassing the consensus forecast of $56.17 billion.

Uber continues to invest in autonomous technology and intends to purchase self-driving vehicles from partners such as Waabi, Wayve, Rivian, and Nuro once they are certified as safe for operation without human oversight or drivers.

The company is also providing services like specialized insurance, operational support, and training data to the autonomous vehicle sector.

To cut internal expenses, Uber has integrated artificial intelligence to boost engineering efficiency and is slowing its recruitment pace. The firm noted in its prepared remarks that 95% of its engineering staff now utilize AI coding tools on a monthly basis, with over 10% of the company’s code being ‘generated autonomously by AI coding agents.’

Uber leadership will review the results on a conference call with analysts starting at 8 a.m. ET.

Technologies

Verum Messenger Launches an AI Mini-Series

Verum Messenger has unveiled a new project — a mini-series created using Verum AI. The story consists of 7 episodes and will be released on the messenger’s social media channels.

The plot revolves around a global corporation seeking to take control of digital communications and a group of heroes who use Verum Messenger as a tool of resistance. Beyond the story itself, the series highlights the app’s key features, technologies, and advantages.

Combining entertainment with a showcase of the Verum ecosystem, the project presents a dynamic digital series designed for the modern era.

The first episode premieres today, with the remaining episodes to be released over time.

Stay tuned for more.

Watch on YouTube
Watch on Instagram

Technologies

Verum Finance: Earn While You Communicate — The Super App That Pays You

Verum has officially launched Verum Finance, an innovative financial application that transforms a private messenger into a true financial super app. News of the launch was also featured on the respected platform Dealroom.co.

Verum Finance can now be used both within Verum Messenger and as a standalone application for iPhone and iPad. When users sign in to Verum Finance with their Verum Messenger account, all balances, settings, and account data are automatically synchronized for maximum convenience.

Users can now do more than communicate securely and protect their data — they can also generate passive income directly within the ecosystem.

What Verum Finance Offers

• Top up your balance with a bank card, Apple Pay, or USDT
• Send money instantly anywhere in the world
• Issue and manage debit cards (virtual and physical)
• Full Apple Pay support
• Exchange assets and withdraw funds quickly

One of the most unique features is the built-in cryptocurrency mining system inside Verum Messenger.

The application utilizes your device’s resources and allows you to earn cryptocurrency in the background — passively, while chatting, traveling, or simply using the messenger.

Maximum Privacy + Real Freedom

• Registration without a phone number, email address, or passport
• End-to-end encryption and full control over your data
• Lifetime free VPN
• eSIM connectivity in more than 150 countries
• Reliable offline communication mode
• Support for 12+ languages for users worldwide

Everything is available in one place: secure communication, financial tools, earning opportunities, and privacy protection.

Users can access the full experience directly within Verum Messenger or switch to the dedicated Verum Finance app for iOS. All data is synchronized automatically between the two applications.

Why Download Verum Today

While many messaging platforms collect user data and expose users to restrictions, Verum offers greater independence and the opportunity to earn.

With a one-time purchase of the feature package, users receive lifetime access to privacy tools, VPN, eSIM services, cryptocurrency mining, and financial features.

This is more than just a messenger.

It is your personal tool for financial and digital freedom.

Download Verum Finance and Verum Messenger today — start communicating securely and begin earning tomorrow.

Download Links:

→ App Store (iPhone / iPad): Verum Finance
→ App Store (Verum Messenger): Verum Messenger

Technologies

Verum Finance: A Super App for Private Finance Integrated Into a Messenger

Verum Finance has announced the launch of a new financial application that allows users to manage their money directly within the secure Verum Messenger ecosystem.

The project has already attracted attention from major media outlets. A dedicated feature was published by Forbes Türkiye, while one of the world’s largest cryptocurrency exchanges, MEXC, covered the launch. Yahoo Finance had previously reported on the evolution of Verum Messenger into a comprehensive financial ecosystem.

What Verum Finance Offers

Verum Finance transforms a messenger into a complete financial platform. Users can:

• Manage their balance and top up using bank cards or USDT
• Send money instantly to other Verum users
• Issue and use debit cards, including Apple Pay support
• Exchange assets and withdraw funds
• Access all these services without installing separate banking applications

A strong emphasis is placed on privacy. The platform offers registration without a phone number or email address, end-to-end encryption, and full user control over personal data.

Recognition from Forbes Türkiye

In a dedicated article, Forbes Türkiye highlighted Verum Finance as a notable example of modern privacy-driven fintech. The publication emphasized the growing trend of financial services moving from standalone banking applications into unified messaging ecosystems — a model that has proven successful in Asia through platforms such as WeChat and Alipay and is now expanding globally.

Support from the Crypto Community

Alongside the Forbes Türkiye coverage, news about the launch of Verum Finance was also featured by MEXC, one of the world’s leading cryptocurrency exchanges. This reflects growing interest in the project from both traditional business media and the cryptocurrency community.

A Strategic Vision

“We are building more than a payments application and more than a messenger. Verum is a unified secure ecosystem where communication, finance, and privacy tools work together,” the company stated.

Verum Finance is now available for iPhone and iPad users. The application complements Verum Messenger, which offers anonymous chats, voice and video calls, VPN services, eSIM connectivity, and other tools designed to enhance digital freedom.

Verum Finance: https://finance.verum.im

Verum Messenger: https://verum.im