Back in early-March, Uber (UBER) revised its Q1 guidance to the upside. The company’s outlook originally called for bookings in the $25-26 billion range and $100-130 million of EBITDA, but then Uber boosted the EBITDA range to $130-150 million. While the bookings outlook stayed the same, the company indicated February was a record month for delivery and that mobility bookings had reached 95% of pre-pandemic 2019 levels. Uber reports 1Q22 earnings on May 4, and another data point offers further promise, namely some strong online traffic trends. Specifically, Unique Visitors (UVs) reached 198.59 million in the quarter, a 31% sequential improvement.
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