07:36 AM EDT, 05/08/2024 (MT Newswires) -- Uber Technologies ( UBER ) reported a Q1 net loss Wednesday of $0.32 per diluted share, widening from a loss of $0.08 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.22 per share.

Revenue for the quarter ended March 31 was $10.13 billion, up from $8.82 billion a year earlier. Analysts surveyed by Capital IQ expected $10.09 billion.

Gross bookings during the quarter came in at $37.65 billion, compared with $31.41 billion a year earlier.

The ride-hailing company said it expects Q2 gross bookings of $38.75 billion to $40.25 billion. Adjusted earnings before interest, taxes, depreciation, and amortization for the quarter will likely range between $1.45 billion and $1.53 billion, the company added.

Uber's ( UBER ) shares were down more than 6% in recent Wednesday premarket activity.

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