Uber Technologies Inc. shares UBER, -5.96% soared 3.9% in premarket trade Monday, after the ride-sharing company raised guidance for the first quarter. The company is now expecting adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, to range from $130 million to $150 million, up from previous guidance of $100 million to $130 million.
"Our Mobility business is bouncing back from Omicron much faster than we expected," Chief Executive Dara Khosrowshahi said in a statement."Whether for travel, commuting, or going out at night, we're seeing healthy and growing demand across all use cases, highlighting just how eager consumers are to get moving again.
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