Uber’s Rides, Delivery Lift First-Quarter Results

Uber Technologies said continued demand for its ride-share and delivery services boosted its revenue in the first quarter, offsetting weak results from its smaller freight division. 

The San Francisco-based company said Tuesday that revenue for the three months through March rose 29% from a year earlier to $8.82 billion. It also increased the number of consumers and trips, and the value of transactions, on its platform. The sales expansion was in line with Wall Street’s expectations.