Uber Technologies is enjoying strong gross bookings growth, with mobility and delivery both rising 18% from last year. The ride-share leader is guiding Q1 2025 bookings to continue increasing by 17% to 19%, a range that implies $42 billion to $43.5 billion in gross bookings.

Bill Ackman announced that his fund had opened a position in Uber. The billionaire called it one of the highest-quality businesses in the world. The company has come a long way since its earlier struggles.