Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty program.
Uber reported a revenue increase of 18% from a year earlier, topping analyst estimates. The ride-hailing company said it's authorized a $20 billion share buyback.
SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2025. “Our platform strategy is working, with record audience, frequency, and profitability across Mobility and Delivery,” said Dara Khosrowshahi, CEO. “But we're still only beginning to unlock the platform's full potential, now with 20 autonomous partners around...
Uber Eats has debuted a series of artificial intelligence (AI) features for restaurants. The new offerings, introduced last week, allow restaurants to use AI to analyze customer reviews, auto-fill menu descriptions and enhance food photos.
Uber Technologies (UBER -0.91%) reached a significant milestone in 2024, marking its second consecutive profitable year, which demonstrates that its profitability is sustainable. However, as the company enters its next chapter, investors should scrutinize where it's placing its long-term bets, and one area stands out: autonomy.
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