Uber Technologies (UBER)

We bump up our 2025E EBITDA for Uber Technologies (UBER; $64.48; O/P) from $8.25B to $8.33B (+28% YoY vs. +60% in 2024 and +137% in 2023), which now assumes free cash flows (FCF) of $8B…

Uber Technologies (UBER; $69.75; O/P) posted Q4 adjusted EBITDA of $1,842mm (4.2% of gross bookings), which was slightly ahead of our forecast of $1,833mm (4.2% of gross bookings) and in line with the Street’s $1,842mm…

We think Uber Technologies’ (UBER; $68.54; O/P) Q4 results and outlook, scheduled for next Wednesday, February 5th (before market), can at least live up to Street expectations on an organic basis (ex-currencies), given what we…

This week, Uber Technologies (UBER; $64.94; O/P) announced a partnership with NVIDIA (NVDA; $140.17; NR) aimed at accelerating the development of artificial intelligence (AI) based autonomous driving technology. We think news of Uber’s partnership with…

This morning, Uber Technologies (UBER; $64.59; O/P) announced it entered into an accelerated share repurchase (ASR) agreement to buy back $1.5B of its stock (vs. the company’s $139B market cap), which it plans to be…

Yesterday (12/25), Taiwan’s Fair Trade Commission (FTC) announced that it was blocking Uber Technologies’ (UBER; $61.71; O/P) planned acquisition of Delivery Hero’s (DHER.DE; €28.58; NR) foodpanda delivery business in Taiwan (foodpanda Taiwan) due to its…

This morning, Uber Technologies (UBER; $60.21; O/P) announced plans to acquire TMAP Mobility’s 49% stake in the two companies’ joint venture (JV), named Uber Taxi, in South Korea for $39mm, which would give Uber full…

This morning (12/6), Uber Technologies (UBER; $65.23; O/P) announced it launched a ride-hailing partnership in Abu Dhabi, UAE with WeRide (WRD; $15.95; NR), an autonomous driving technology company. Interestingly, this announcement comes right on the heels of news yesterday that Alphabet’s (GOOG; $174.31; NR) Waymo One was expanding its autonomous rideshare app into Miami, which added to recent pressure on Uber’s share price (-10% yesterday and -25% since 10/11 vs. +12% YTD). However, keep in mind that …

We think recent news flow out of Uber Technologies (UBER; $69.64; O/P) provides further support for the idea that the company can continue to generate healthy operating leverage, led by Mobility (~50% of gross bookings…

We adjust our 2024/2025E EBITDA for Uber Technologies (UBER; $72.05; O/P) from $6.38B/$8.03B to $6.48B/$8.25B after the company’s Q3 results and outlook were in line to somewhat better than forecasts. As per the table below,…

Uber Technologies (UBER; $79.43; O/P) posted Q3 adjusted EBITDA of $1,690mm (4.1% of gross bookings), which was ahead of our forecast of $1,643mm (4.0% of gross bookings) and the Street’s $1,642mm (4.0% of gross bookings)….

We think Uber Technologies (UBER; $80.41; O/P) Q3 results and guidance next Thursday (10/31 before market) can at least live up to Street expectations, even after considering some potential transitory effects on results from recent…

This morning, Uber Technologies (UBER; $72.95; O/P) announced a multi-year strategic partnership with autonomous robot and vehicle technology provider Avride to ultimately deploy Avride-powered autonomous delivery robots and vehicles on Uber’s rideshare and delivery network….

This morning, Uber Technologies (UBER; $77.44; O/P) added yet another in a recent series of technology partnerships that seem aimed at accelerating a path to commercializing the deployment of autonomous vehicles (AVs) on its network,…

This morning, Uber Technologies (UBER; $71.40; O/P) announced it is expanding on its partnership with Alphabet’s (GOOGL; $157.41; NR) Waymo to deploy autonomous vehicles (AVs) powered by Waymo’s autonomous driving system (Waymo Driver) on Uber’s…