Uber has reported a first-quarter revenue miss but has issued higher-than-expected bookings guidance for the current quarter. The ride-hailing company's stock rose 9% following the news. The company's net income took a $1.5 billion hit due to the revaluation of equity investments, which led to a fall in net income from $1-1.78 billion a year earlier. However, the company's delivery segment saw a 34% revenue growth, surpassing the average analyst estimate of $4.89 billion. Despite the revenue miss, Uber's mobility business saw sales rise by 5% from a previous year, while analysts had expected revenue of $7.11 billion. The firm has been investing in autonomous vehicles and plans to buy AVs from some of its partners, including Waabi, Wayve, Rivian and Nuro, after they're deemed safe to operate without a human supervisor or driver on board.