Here’s why Uber investors are cheering its Q1 earnings results

It’s tempting to assume that the ride-hailing model is going the way of moribund businesses, especially in the wake of Lyft’s well-publicized layoffs and executive turnover. But Uber’s earnings results for the first quarter partially dispel those concerns.
Uber not only beat analysts’ expectations across the board, it also demonstrated that its financial footing is growing firmer: its multi-part business model is going well now that its food delivery business, which supported its ride-hailing efforts during the pandemic, is handing the growth baton back to the company&#

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