Uber's recovery accelerates as more people seek rides again

Uber’s ride-hailing service is regaining most of the momentum it lost during the pandemic

SAN RAMON, Calif. -- Uber’s ride-hailing service is regaining most of the momentum that it lost during the pandemic. At the same time, its delivery service is still growing at a torrid pace, indicating that some homebound habits may be here to stay, even though people are going out again. Those two trends produced Uber's best quarterly report since the pandemic clobbered the San Francisco company 17 months ago. The results announced Wednesday for the April-June period included a rare profit. But that stemmed from a one-time gain of $1.4 billion to recognize recent increases in the values of Uber's stakes in China's leading ride-hailing service, Didi, and a self-driving car division that it recently handed off to Silicon Valley startup, Aurora.