About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Financial Data and Key Metrics Changes - Uber's gross bookings grew 20% annually from $65 billion in 2019 to $163 billion in 2024, with adjusted EBITDA improving by over $9 billion to reach $6.5 billion in profits in 2024 [37] - In Q4 2024, gross bookings increased 21% year-on-year on a constant currency basis to $44.2 billion, while adjusted EBITDA grew 44% year-on-year to $1.8 billion [39] - The company achieved its first quarter of over $1 billion in GAAP operating income and converted adjusted EBITDA to free cash flow at over 90% rates [37][39] Business Line Data and Key Metrics Changes - The mobility and delivery businesses showed strong growth, with significant increases in trips and gross bookings [39] - The Uber One membership program reached 30 million members by the end of 2024, up approximately 60% year-on-year [40] - Uber Eats crossed $20 billion in gross bookings in a single quarter for the first time, achieving record highs in adjusted EBITDA and adjusted EBITDA margin [87] Market Data and Key Metrics Changes - Uber operates in over 70 countries and more than 15,000 cities, serving multiple multi-trillion dollar markets across mobility, delivery, and logistics [36] - The company has over 171 million monthly active platform consumers and 8 million earners [39] Company Strategy and Development Direction - Uber aims to be the default choice for the movement of people and things, focusing on building best-in-class products and leveraging its platform for customer acquisition [36][38] - The company plans to enhance its mobility and delivery services, expand in low-density markets, and innovate with AI to improve customer experience [44] - Uber is committed to advancing its autonomous vehicle strategy, with multiple partnerships and a focus on safety and operational excellence [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining industry-leading growth despite evolving macroeconomic conditions, with expectations for mid to high teens gross bookings CAGR and high thirties to 40% adjusted EBITDA CAGR through 2026 [42] - The company is focused on delivering commitments to shareholders while navigating economic challenges, emphasizing the importance of affordability and service quality [44][100] Other Important Information - Uber's executive compensation is aligned with performance and market levels, with a focus on attracting and retaining top talent [48][50] - The company has not declared or paid cash dividends, prioritizing share buybacks and reinvestment in growth [75][76] Q&A Session Summary Question: Why is executive compensation so high at Uber? - The board ensures compensation is competitive to attract and retain top executives, aligning incentives with shareholder interests [48] Question: What are Uber's strategies for ensuring fair compensation and support for drivers? - Uber focuses on transparency, providing tools for drivers to make informed decisions, and advocating for safety and fair earnings opportunities [51][54] Question: What steps has Uber taken to maximize and increase driver earnings? - Uber has seen drivers earn a record $72 billion globally, up 22% year-on-year, and continues to introduce features to enhance driver experience and earnings [57][58] Question: Why did you allow your CEO and Uber to donate $2 million to the inauguration of Trump? - Uber has consistently donated to inaugural funds to demonstrate support for major moments in civic life [59] Question: When will Uber start paying a dividend? - Uber does not expect to declare or pay cash dividends in the near future, focusing on share buybacks and reinvestment [75][76] Question: What measures is Uber taking to ensure safety as EVs are integrated into the platform? - Uber emphasizes high safety standards for autonomous vehicles, requiring them to be significantly safer than human drivers [78][79] Question: What markets outside of the United States have seen success with the Uber for teens program? - Brazil has shown strong growth in the Uber for teens program, approaching U.S. trip volumes despite launching later [83] Question: What are the next overall metrics that you plan to surpass in the Uber Eats category? - Uber Eats aims for continued high teens growth, expanding merchant selection and improving delivery reliability [87] Question: What initiatives are you most excited about to drive adoption of Uber One membership? - Uber One membership has grown significantly, with new benefits being introduced to enhance user engagement and retention [90] Question: What is Uber's broader partnership strategy? - Uber seeks to deepen loyalty and engagement through partnerships across various business lines, enhancing value for users and merchants [94][96] Question: How do economic downturns affect earner sign-ups and engagement on the Uber platform? - Historical data suggests that driver supply tends to increase during economic downturns, improving service reliability and consumer experience [100]

Shares of Uber Technologies (UBER 4.12%) rallied 11.2% in April, according to data from S&P Global Market Intelligence, vastly outperforming the broader S&P 500 index, which was down 0.7% in a highly volatile month. After the shock of the April 2 "Liberation Day" tariff announcements, many stocks sold off. However, Uber managed to recover, as the company made several announcements with autonomous driving companies, and late in the month, its CEO said the company wasn't seeing signs of recession.Uber aims to ...

Core Insights - Uber has announced a partnership with Momenta to introduce robotaxis in Europe by 2026, which will be integrated into the Uber app outside of the US and China [1][2] - The robotaxis will operate with safety operators present in the vehicles to ensure passenger safety during the initial rollout [1] - This collaboration aims to leverage Uber's ridesharing expertise alongside Momenta's autonomous driving technology to enhance global mobility options [2] Company Developments - Uber is expanding its self-driving car initiatives, having recently partnered with May Mobility to deploy thousands of autonomous vehicles on its platform, starting in Arlington, Texas later this year [3] - The company has established multiple partnerships in the autonomous driving sector, including collaborations with WeRide and Wayve, indicating a strategic focus on enhancing its self-driving capabilities [3] - Uber previously had its own self-driving division, which was sold to Aurora Innovation in 2020, marking a shift in its approach to autonomous vehicle development [3]

Core Insights - Uber has announced a new partnership with Chinese self-driving firm Momenta to enhance its autonomous vehicle capabilities, leveraging its existing ride-hail and delivery services while relying on external partners for self-driving technology [1][2] - The partnership will see Momenta's robotaxis integrated into the Uber app in Europe starting in early 2026, with safety operators present in the vehicles [2] - This collaboration follows Uber's recent addition of May Mobility to its list of autonomous vehicle partners, which includes several other companies like Volkswagen and Waymo [1][2] - The strategic partnerships are in response to potential competition from Tesla, which plans to launch its own robotaxi service in Austin this summer [2] - Uber previously had its own self-driving unit but sold it to Aurora Innovation in 2020, indicating a shift in strategy towards collaboration rather than in-house development [3]

Uber Technologies (UBER) is slated to release first-quarter 2025 results on May 7, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 51 cents per share and $11.6 billion, respectively.The earnings estimate for the to-be-reported quarter has improved by 2% over the past 60 days. UBER incurred a loss of 32 cents in the first quarter of 2024. The Zacks Consensus Estimate for quarterly revenues suggests a 14.5% uptick from the year-ago quarter’s ...

A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022.Uber said on Friday that it's partnering with Chinese self-driving startup Momenta to launch robotaxi services outside of the U.S. and China.The first deployment is scheduled to roll out in Europe in early 2026, with safety operators onboard. Uber said the goal is to combine its global ridesharing network with Momenta's technology to deliver safe and efficient robotaxi service ...

The upcoming report from Uber Technologies (UBER) is expected to reveal quarterly earnings of $0.51 per share, indicating an increase of 259.4% compared to the year-ago period. Analysts forecast revenues of $11.6 billion, representing an increase of 14.5% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior ...

Table of Contents Uber Adds May Mobility to Its Roster of Self-Driving Vehicle Partnerships Uber is teaming up with May Mobility, a developer of self-driving technology, to make thousands of autonomous vehicles available via the Uber app over the next few years. The partnership will kick off with a launch in Arlington, Texas, by the end of 2025, the companies said Thursday. "The partnership highlights both companies' shared ambition to quickly scale AV (autonomous vehicle) use in ride-hail, broadening acc ...

HAZELWOOD, Mo., April 29, 2025 (GLOBE NEWSWIRE) -- ITF Group has been honored as one of the Regional Truckload Carriers of the Year in Uber Freight’s prestigious 2024 Carrier Awards, recognizing top-performing carriers across its vast logistics network. Each year, Uber Freight honors standout carriers that demonstrate exceptional service, operational excellence, and commitment to innovation in the past year. The 2024 awards program recognized leaders across a wide range of categories, including long-haul an ...