Uber Technologies Stock News

Out with Uber, in with Tesla for Daniel Loeb's Third Point.

Estonian ride-hailing and food delivery startup Bolt said on Thursday it had hit 2 billion euros ($2.11 billion) in annual revenue, as the European rival of U.S.-based Uber grows its global presence and prepares to go public.

Uber's Monthly Active Platform Consumers (MAPCs) reached 161 million in Q3 2024, growing 32% from Q2 2022, signaling robust user expansion. Mobility segment bookings hit $21 billion in Q3 2024, nearly doubling in two years, showing strong core business stability. Delivery segment bookings rose to $18.66 billion in Q3 2024, with a YoY growth increase from 12% to 17%, reflecting demand.

Ridesharing companies like Uber are poised for long-term growth due to slowing growth in vehicle ownership, rising vehicle costs, and declining vehicle usage. Vehicle ownership growth is plateauing in the United States, with rising costs making personal vehicles less economical, especially in urban areas. The shift to remote work reduces commuting needs, further diminishing the necessity for pe...

Uber posted strong Q3 results, beating both top- and bottom-line estimates, with significant growth in adjusted EBITDA and free cash flows. Despite a slight miss in Q4 gross bookings guidance, Uber's consistent track record of exceeding its own guidance suggests an overreaction in the market. Competitive threats from Lyft-DoorDash partnership and potential Tesla Cybercab release are emerging, a...

SAN FRANCISCO , Nov. 12, 2024 /PRNewswire/ -- Uber Eats (NYSE: UBER) is excited to announce a new partnership with Stew Leonard's, the family-owned and operated farm fresh food store renowned for its exceptional quality and unique shopping experience. Now, from everyday items to exclusive cult-favorites, customers can enjoy the convenience of having their favorite Stew Leonard's products delive...

The postelection rally is charging ahead. Both the Dow and S&P 500 closed at record highs, while bitcoin logged eye-popping gains to trade above $88,000.

Uber Technologies, Inc. has shown impressive gains since August 5th, 2024, driven by strong quarterly earnings and revenue growth. The company reported earnings of $1.20 per share in Q3, surpassing consensus estimates by 192.68%, and revenue of $11.19 billion, indicating 20% annualized growth. Uber's forward PE ratio is 25.2x, higher than Lyft but lower than DoorDash and Tesla, making it relati...