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Why Uber Stock Climbed Today

Why Uber Stock Climbed Today

The numbers encouraged Uber investors ahead of the ridesharing giant's earnings report that came out after hours today. Lyft posted 23% revenue growth to $955.7 million, well ahead of analyst expectations at $897.9 million, and narrowed its adjusted EBITDA loss from $216 million in the quarter a year ago to $85 million, surpassing the company's own guidance, which was provided before the pandemic started.