New Delhi, Aug. 6 -- Uber share price rose 4.9% in premarket trading to $91 on NYSE after the company reported better-than-expected second-quarter results (Q2CY25) and forecasted third-quarter bookings above Wall Street estimates. The ride-hailing and delivery services company is benefiting from increased adoption of its paid loyalty program.

Uber also expanded its share repurchase authorization by $20 billion, with $3 billion remaining from its previous buyback program.

The company, on Wednesday, reported a profit of $1.36 billion, or 63 cents per share, for the quarter ended June 30, compared with $1.02 billion, or 47 cents per share, a year earlier. Revenue rose 18% to $12.65 billion, beating analyst estimates of $12.47 billion.

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