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How Uber Is Cranking Up Growth

The take rate is the story of the first quarter.

By Travis Hoium – May 6, 2023 at 6:45AM EST

Uber (UBER 1.75%) has crushed its competition and is growing again, but the real change is the amount of each ride's revenue the company is taking. In the video below, Travis Hoium highlights why the "take rate" is the story of the first quarter for Uber.

*Stock prices used were end-of-day prices of May 2, 2023. The video was published on May 3, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Uber Technologies Stock Quote
Uber Technologies
NYSE: UBER
$70.55
(-1.75%)-$1.26
Lyft Stock Quote
Lyft
NASDAQ: LYFT
$13.23
(+0.08%)+$0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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