Uber's take rates rose as it rolled back its incentives for drivers and riders, which it had ramped up throughout the pandemic and the subsequent inflation-induced spike in gas prices. Uber Technologies' (NYSE: UBER) stock price surged 12% on May 2 after the transportation and food delivery giant posted its first-quarter report. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surged 353% to $761 million, marking Uber's seventh-consecutive quarter of profitability on an adjusted EBITDA basis.