Uber's core ride-hailing business posted its slowest revenue growth since the pandemic in the first quarter due to sluggish U.S. travel demand, but executives signaled confidence in navigating the economic uncertainty with an upbeat forecast.

Uber Technologies swung to a first-quarter profit as riders ordered more trips on the digital taxi service, but the company missed Wall Street revenue estimates.Shares fell 2.5% to $83.65 on WednesdayThe San Francisco ride-hailing and food-delivery app owner swung to a profit of $1.

Uber Technologies Inc. reported weaker-than-expected quarterly gross bookings and slower gains in its rideshare business, raising the possibility of a consumer pullback amid souring sentiment about the economy.