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Uber beats fourth-quarter revenue expectations but offers soft guidance

1. Uber reported 4Q results exceeding revenue expectations but offered cautious guidance. 2. Net income surged to $6.9 billion, aided by tax benefits. 3. Gross bookings of $44.2 billion surpassed forecasts of $43.49 billion. 4. Robotaxi launches are upcoming in Austin via partnership with Waymo. 5. Mobility and Delivery segments showed 18% growth, showcasing steady demand.

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FAQ

Why Bearish?

Despite strong earnings, cautious guidance can dampen investor sentiment, similar to previous quarters.

How important is it?

Earnings report impacts investor outlook, though positive long-term strategies may offset short-term effects.

Why Short Term?

Immediate market response reflects investor sentiment; future performance could shift perceptions.

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