Uber entering the year with ‘great momentum,’ says CEO

In prepared remarks released in conjunction with its Q4 results, Uber CEO Dara Khosrowshahi said the company reached a new milestone in the quarter, crossing 2B trips in a single quarter for the first time, an average of nearly 1M trips per hour. The executive says Uber is entering the year with "great momentum," with Mobility demand accelerating and Delivery remaining resilient. He added that the pandemic’s impact on the Mobility business "is now well and truly behind us." The quarter was "challenging" for Uber Freight, the company noted, adding that it continues to expect relatively muted trends in the near-term. Uber Freight reduced headcount by roughly 150 employees in January.