Yahoo Finance tech reporter Allie Garfinkle joins Yahoo Finance Live to talk about the competition between Uber and Lyft.
Uber reported its Q4 2022 earnings before the market open.
Shares of Uber Technologies (NYSE: UBER) jumped today after the ride-sharing leader issued a strong fourth-quarter earnings report and beat estimates on the top and bottom lines. The fourth-quarter reports showed that Uber's efforts to streamline the business and rein in costs seem to be paying off. The discrepancy between bookings and revenue was due to a change in the business model in its U.K. mobility business and the acquisition of Transplace by Uber Freight.