The company’s first-quarter gross bookings reached $53.72 billion versus the $52.9 billion expected, marking a 25% year-over-year increase and coming in above Uber’s own guidance range of $52 billion to $53.5 billion, News.Az reports, citing Yahoo Finance.

Uber also said that total trips rose 20% year over year to 3.6 billion, while Monthly Active Platform Consumers (MAPCs) increased 17% year over year to 199 million users.

Following the earnings release, Uber stock surged 9% in pre-market trading.

In terms of financial performance, Uber posted Q1 revenue of $13.20 billion compared with a Bloomberg consensus estimate of $13.33 billion, reflecting a 14% increase from the same period a year earlier. The company also reported adjusted earnings per share (EPS) of $0.72 versus the expected $0.71.

Adjusted EBITDA came in at $2.48 billion compared to the estimated $2.44 billion, representing a 33% year-over-year increase.