Why Uber Shares Are Trading Higher Today

An Uber logo is seen on a sign outside the company's headquarters location in San Francisco, on May 8, 2019.Josh Edelson/AFP via Getty Images

Uber Technologies Inc. updated its guidance for the first quarter of Fiscal Year 2022.

Uber now sees adjusted EBITDA of $130 million – $150 million (up from $100 million – $130 million).