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 missed Wall Street revenue estimates.

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.