Uber's revenue rises 14% in Q1, delivery business leads growth

Uber's revenue rose 14% to $13.2 billion from $11.5 billion in the first quarter. Revenue from its ride-hailing unit increased 15%, while the delivery unit posted 18% growth, in line with estimates. Gross bookings grew 25% YoY to $53.7 billion. For the second quarter, Uber expects gross bookings between $56.25 billion and $57.75 billion.