Uber Technologies (UBER)

Yesterday, Uber Technologies (UBER; $82.87; E/W) announced a new multi-year partnership with May Mobility to deploy “thousands” of autonomous vehicles (AVs) on Uber’s network over the next few years, starting in Arlington, TX by the…

This morning, Uber Technologies (UBER; $73.77; E/W) announced a new long-term partnership with Volkswagen (VOW.DE; €91.40; NR) to deploy a fleet of “thousands” of fully electric ID. Buzz autonomous microbuses on its rideshare platform in…

Yesterday, the Federal Trade Commission (FTC) announced it filed a lawsuit against Uber Technologies (UBER; $74.52; E/W) alleging that the company charged consumers without consent for its Uber One subscription program (~30mm members exiting 2024)….

We think Delta Air Lines’ (DAL; $38.24; NR) disappointing Q2E sales outlook from this morning, which came with further warnings on broader trends on consumer and corporate travel, provided further support for our concerns that…

We think recent news flow out of Uber Technologies (UBER; $72.86; E/W) highlights how the company continues to build out its platform reach with an aim towards driving better consumer and merchant engagement over time….

Yesterday, Delivery Hero (DLVHF; €25.80; NR) confirmed that Uber Technologies (UBER; $70.65; E/W) decided to terminate its agreement to acquire Delivery Hero’s foodpanda business in Taiwan. This news should not come as a surprise to…

We are reducing our rating on the shares of Uber Technologies (UBER; $73.06) from Outperform to Equal-Weight given our concerns that increased macro uncertainty, which we assume is an outgrowth of still to be finalized…

This morning, Uber Technologies (UBER; $77.05; O/P) announced a new on-demand grocery delivery partnership with FreshDirect, an online fresh food grocer that delivers perishable foods to parts of Connecticut, New Jersey and New York. Keep…

This morning, Uber Technologies (UBER; $72.86; O/P) announced that the company’s rideshare network in Austin, TX is now offering its riders the option to now be matched with an autonomous vehicle (AV) from Alphabet’s (GOOGL;…

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…