Uber Tech (UBER)

[winston]

not vested

March 31, 2021

Why Uber Was Named a Top Pick for 2021 by Morgan Stanley

Uber has a feasible plan to collaborate with public transit agencies all over the world, allowing users to book all transportation through the Uber app.

Uber is reportedly considering a deal to acquire its rival in Germany, FreeNow (previously known as MyTaxi).

Source: GuruFocus.com

https://finance.yahoo.com/news/why-uber ... 02189.html

[winston]

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How Uber is navigating the biggest reopening challenges as ride-sharing soars

by Myles Udland

"[In] March 2021 total company gross bookings reached the highest monthly level in the company’s nearly 12-year history".

"The company’s Mobility business posted its best month since March 2020, crossing a $30 billion annualized gross bookings run-rate, with average daily gross bookings up 9% month-over-month.

The company’s Delivery business set another all-time record, crossing a $52 billion annualized gross bookings run-rate in March, growing more than 150% year-over-year."

Source: Yahoo Finance

https://finance.yahoo.com/news/how-uber ... 41619.html

[winston]

vested

Jim Cramer: Buy Uber Technologies

Uber also said it expected to turn a profit before the end of the year.

Source: The Street

https://www.thestreet.com/jim-cramer/mo ... chnologies

[winston]

vested

Is Uber Stock A Buy Right Now After Record Gross Bookings? Here's What Earnings, Charts Show

by SCOTT LEHTONEN

Uber Stock Fundamental Analysis: Lack Of Profitability

On Nov. 4, Uber and rival Lyft (LYFT) won a huge battle, with California voters approving Proposition 22, a ballot measure that would preserve the business model of the ride-share companies.

Source: IBD

https://www.investors.com/research/uber ... src=A00220

[winston]

vested

How Uber is navigating the biggest reopening challenges as ride-sharing soars

by Myles Udland

Demand up, supply down but trends still improving

Mobility is recovering faster than driver availability and Consumer Demand for Delivery continues to exceed courier availability" .

Source: Yahoo Finance

https://finance.yahoo.com/news/how-uber ... 41619.html

[winston]

vested

Uber app in US to enable users to book Covid-19 vaccines and rental cars

by Tina Bellon

Customers would be able book an appointment at a Walgreens pharmacy to receive a vaccine and an Uber ride to travel there.

US customers can book rental cars through the Uber app, with Uber offering up to 10% of the rental cost as a credit to the user to spend on other Uber services.

Users in Washington DC can have their rental car delivered to and collected from their home, after paying a fee to Uber, which will rollout the service nationwide this year.

Source: Reuters

https://www.theedgemarkets.com/article/ ... ental-cars

[winston]

vested

Apr 13, 2021

3 Reasons To Hitch A Ride With Uber Stock

By MarketBeat.com (Sean Sechler )

1. Record Demand for March 2021
2. Surging Uber Eats Business
3. Strongest Brand in Ridesharing
Lyft (NASDAQ:LYFT), only has about 32% of the U.S. market share compared to Uber’s 68% based on February 2021 sales.

Source: investing.com

https://www.investing.com/analysis/3-re ... -200572727

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vested

Uber beat estimates on the top line and dramatically improved its net losses in its first quarter but missed on revenue.

Shares initially gained in after-hours trading before dipping more than 4.5%.

Overall, Uber’s net loss was $108 million, a tremendous improvement from a $968 million loss in its fourth quarter of 2020.

But that was largely due to a $1.6 billion gain from the sale of its self-driving unit, ATG.

Uber’s operating loss was still high for the quarter at more than $1.5 billion.

Source: Phillips

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vested

Uber Rises as Earnings Top Estimates While Revenues Miss

Uber reported a 38% decrease in mobility bookings year-over-year, while delivery bookings jumped 166%.

by TONY OWUSU

Shares of Uber Technologies Inc. (UBER) - Get Report were rising Wednesday after the ride hailing and delivery company reported first-quarter earnings that topped analyst expectations, although its revenue numbers missed.

The San Francisco company reported a first quarter net loss of 6 cents per share on revenue of $2.9 billion. Analysts were expecting Uber to report a net loss of 56 cents per share on revenue of $3.27 billion, according to FactSet.

Uber has said previously that it plans to turn a profit by the end of the year, and it was able to cut its net loss in the first quarter to $108 million, from $968 million in the fourth quarter.

Mobility gross bookings were down to $6.77 billion, a 38% year-over-year decrease, while delivery gross bookings jumped 166% year-over-year to $12.46 billion.

Source: TheStreet

https://www.thestreet.com/investing/ube ... ues%2BMiss

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vested

Uber Falls After Revenue Miss

Shares of Uber Technologies UBER fell in premarket trading Thursday after the ride hailing and delivery company posted a decline in first-quarter revenue and said spending on recruiting drivers will impact second-quarter earnings.

Bonuses and other incentives to get drivers back on the road will reduce the rate Uber takes from fares by about 20% this quarter, the company said in a conference call with analysts, Bloomberg reported.

Uber reported a first-quarter loss of 6 cents a share on revenue of $2.9 billion. Analysts were expecting a loss of 56 cents a share on revenue of $3.27 billion.

Uber previously has said it plans to turn a profit by the end of the year, and it was able to cut its loss in the first quarter to $108 million from $968 million in the fourth quarter.

Gross bookings in the first quarter were 24%. Delivery gross bookings jumped 166% year over year to $12.46 billion.

The stock fell 3.58% to $49.35 in premarket trading Thursday.

Source: The Street