Serve Robotics (NASDAQ: SERV) reported second-quarter revenue growth but cut its full-year outlook after Uber delivery volume declined for the first time in 17 quarters. Management said the slowdown in its Uber partnership led to reassessing the relationship and shifting resources to other channels, signaling risk to forward growth despite near-term revenue strength.
Serve Robotics (NASDAQ: SERV) reported second-quarter revenue growth but cut its full-year outlook after Uber delivery volume declined for the first time in 17 quarters. Management said the slowdown in its Uber partnership led to reassessing the relationship and shifting resources to other channels, signaling risk to forward growth despite near-term revenue strength.
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