Uber and Disney shares rise on resilient consumer spending

4 articles · Updated · CNBC · May 6

Uber jumped nearly 10% and Disney 5% premarket as Uber delivery revenue rose 34% to $5.07bn and Disney parks and cruises revenue increased 7% to nearly $9.5bn.
Uber said commuting and local spending stayed strong, lifting ride-hailing revenue 5% to $6.8bn, while Disney said healthy domestic parks demand should improve year-on-year attendance in the third quarter.
The results counter fears that higher energy costs and geopolitical tensions would curb spending, even with US regular gasoline at $4.54 a gallon and diesel at $5.67, both up about 50% since late February.

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