Uber Tech (UBER)

[winston]

not vested

Uber Technologies forecast quarterly core profit and gross bookings above estimates and reported market-beating results for the holiday quarter on Wednesday (Feb 7).

it was fueled by higher demand in its ride sharing and food delivery businesses.

It posted its first annual net profit as a public company as user retention improved, also benefiting from initiatives like memberships, corporate travel and advertising.

Shares, however, fell more than 1 per cent as Uber deferred announcements related to capital allocation plans to its investor day on Feb 14.

Source: Phillips

[winston]

not vested

1Q Earnings

Uber posted a surprise first-quarter loss and forecast gross bookings in the second quarter below Wall Street expectations, sending the shares of the ride-share and food delivery company down nearly 9 per cent on Wednesday (May 8).

The report suggests that Uber’s growth could be slowing after a strong 2023 in which it dominated the US ride-share market and delivery business and posted its first annual profit.

The stock price slide, its steepest single-day decline since October 2022, was set to erase more than US$10 billion from Uber’s market value if losses hold.

Uber reported a net loss of US$654 million, driven by legal charges and provisions and those related to fair valuation of certain company investments.

Analysts were expecting a net profit of US$503.1 million.

Uber also missed market expectations for quarterly gross bookings, a key metric that indicates the total US dollar value of transaction on the platform.

CFO Prashanth Mahendra-Rajah attributed it to softer ride-share demand in Latin America and the impact from certain holidays shifting into the first quarter.

Source: Phillips

[behappyalways]

Uber Teams Up With BYD To Supply Drivers On Its Network With 100,000 EVs
https://www.zerohedge.com/markets/uber- ... 100000-evs

[winston]

not vested

Uber beat Wall Street estimates for second-quarter revenue and core profit on Tuesday (Aug 6), helped by steady demand for its ride-sharing and food-delivery services.

The company’s revenue rose 16 per cent to US$10.70 billion in the second quarter ending June, while gross bookings increased 19 per cent to US$39.95 billion.

Analysts had expected US$10.57 billion and US$39.68 billion, respectively, according to LSEG data.

On an adjusted basis, Uber reported core earnings of US$1.60 billion, beating estimates of US$1.51 billion.

Revenue from the company’s ride-sharing segment, its largest, rose 25 per cent to US$6.13 billion, above expectations of US$5.94 billion.

Uber’s delivery business reported revenue of US$3.29 billion, compared with estimates of US$3.32 billion.

The company said it expects adjusted core earnings between US$1.58 billion and US$1.68 billion in the third quarter, compared with estimates of US$1.62 billion.

Source: Phillips

[behappyalways]

Dutch Gov't Slaps Uber With Record $324 Million Fine For "Transferring Driver Data To US
https://www.zerohedge.com/technology/du ... er-data-us

[behappyalways]

Expedia Jumps On FT Report That Uber Explored Takeover
https://www.zerohedge.com/markets/exped ... d-takeover

[winston]

not vested

Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit.

The company posted US$1.06 billion in operating income for the three months ended Sep 30, it said on Thursday (Oct 31), far exceeding estimates for a metric that only turned positive last year.

Source: Phillips

[winston]

not vested

Uber Tech reported fourth quarter EPS of $3.21, $2.72 better than the analyst estimate of $0.49.

Revenue for the quarter came in at $12B versus the consensus estimate of $11.77B.

Uber Tech's stock price closed at $69.75. It is down -3.18% in the last 3 months and down -1.02% in the last 12 months.

Source: Phillips

[behappyalways]

Bill Ackman Goes Full Bull On Uber, Acquires 30 Million Shares
https://www.zerohedge.com/markets/bill- ... ion-shares

[behappyalways]

Uber Eats is determined not to buy Taiwan's foodpanda!
It also has to pay 8.2 billion in breakup fees... dragging down Uber's US stock by more than 3%

Uber Eats確定不買台灣foodpanda！還要付82億分手費...拖累美股Uber下跌逾3%｜非凡財經新聞｜20250312

https://m.youtube.com/watch?v=1IL99EBfcmA