Uber’s post-lockdown streak of strong bookings and revenue growth continued in the final quarter of 2022, as sustained food delivery demand and a rebound in the rideshare business brought earnings in line with Wall Street’s expectations.

Uber said that for the first time it surpassed 2bn trips globally in a single quarter, an average of almost 1mn trips per hour. Gross bookings — the total value of fares paid — in the mobility unit grew 31 per cent year-on-year.

Overall gross bookings, including from its delivery and freight business, grew 19 per cent to $30.7bn. Total revenue was up 49 per cent to $8.6bn, just over analyst expectations of $8.5bn, according to FactSet. Uber had warned previously that a stronger dollar would be a drag on earnings — on a constant currency basis, revenue would have been up 59 per cent.