Uber forecasts upbeat second quarter on steady ride-hailing, delivery demand

Uber Technologies forecast second-quarter adjusted core profit and gross bookings largely above Wall Street expectations on Wednesday, indicating resilient demand for its ride-hailing and food delivery services. The company expects gross bookings to be between $45.75 billion and $47.25 billion for the current quarter. This compared with Wall Street expectations of $45.83 billion.

Ride-hailing demand has remained resilient as a rebound in business travel and stricter enforcement of return to office policies boost intra-city commuting, airport trips…