Bernstein Research Analyst Nikhil Devnani joins Yahoo Finance Live to discuss quarterly earnings for Uber, consumer demand, consumer trends, investor sentiment, and the outlook for Uber in 2023.
At this time, I would like to welcome everyone to the Uber fourth quarter '22 earnings conference call. It is now my pleasure to turn today's conference over to Mr. Balaji Krishnamurthy. Thank you for joining us today, and welcome to Uber's fourth quarter 2022 earnings presentation.
Uber revenues surged in the fourth quarter on resurgent consumer activity as the ride-hailing company on Wednesday said it would be largely insulated from an economic downturn.Revenues in the fourth quarter jumped nearly 50 percent to $8.6 billion.