June 25, 2024
This morning, Aurora Innovation (AUR; $2.48; NR) and Uber Technologies’ (UBER; $71.79; O/P) Freight division announced an expansion of its three-year commercial pilot with the launch of Premier Autonomy, which is a newly formed program…
May 20, 2024
The shares of Uber Technologies (UBER; $65.67; O/P) continue to languish relative to mid-February highs, which seems to generally go against recent news flow from the company, a still healthy travel backdrop, especially since Mobility…
May 14, 2024
Last night, Uber Technologies (UBER; $64.99; O/P) announced it signed an agreement to acquire Delivery Hero’s (DHER.DE; €31.92; NR) foodpanda delivery business in Taiwan (foodpanda Taiwan) for $950mm in cash. We think this announcement further…
May 8, 2024
We bump up our 2024/2025E EBITDA for Uber Technologies (UBER; $66.40; O/P) from $6.0B/$7.85B to $6.25B/$8.0B after the company produced some profitability metrics in Q1 results and with Q2E guidance that exceeded our modeling. However,…
May 8, 2024
Uber Technologies (UBER; $70.43; O/P) posted Q1 adjusted EBITDA of $1,382mm (3.7% of gross bookings), which beat our forecast of $1,310mm (3.5% of gross bookings) and the Street’s $1,313mm (3.5% of gross bookings). Revenues of…
April 29, 2024
The shares of Uber Technologies (UBER; $69.05; O/P) are down 15% since a bullish reaction to its mid-February Investor Update (“Raise Target to $100 After Investor Update”; 2/14), which we think offers a buying opportunity…
March 18, 2024
We think recent news flow around Uber Technologies (UBER; $74.51; O/P) has generally been much more positive than negative since the company hosted its Virtual Investor Update (“Raise Target to $100 After Investor Update”; 2/14)….
February 27, 2024
We think news around Uber Technologies’ (UBER; $78.36; O/P) CEO Dara Khosrowshahi recent visit to India further highlighted a global growth strategy that can continue to expand monthly active platform consumers (MAPCs; 150mm exiting 2023)…
February 14, 2024
Earlier today, Uber Technologies (UBER; $79.15; O/P) hosted a virtual Investor Update, which featured presentations from CEO Dara Khosrowshahi, CFO Prashanth Mahendra-Rajah, as well as Andrew Macdonald, SVP, Mobility and Business Operations; Pierre-Dimitri Gore-Coty, SVP,…
February 7, 2024
Uber Technologies (UBER; $70.65; O/P) posted Q4 results and provided Q1E guidance, which once again highlighted robust core growth, led by Mobility, supplemented by a range of new product initiatives and geographic expansion we have…
February 7, 2024
Uber Technologies (UBER; $70.47; O/P) posted Q4 adjusted EBITDA of $1,283mm (3.4% of gross bookings), which beat our forecast of $1,231mm (3.3% of gross bookings) and the Street’s $1,225mm (3.3% of gross bookings). Revenue of…
February 2, 2024
We stick with our Outperform on the shares of Uber Technologies (UBER; $66.73) ahead of next Wednesday’s Q4 print (2/7 before market) and its virtual Investor Update on 2/14 (also before market). Admittedly, the “bar…
January 16, 2024
Yesterday (1/15), Uber Technologies’ (UBER; $63.51; O/P) Drizly on-demand alcohol marketplace in the U.S. sent out an email to customers, which disclosed its plans to cease operations at the end of March. Recall, Uber acquired…
December 26, 2023
We think recent news flow related to Uber Technologies (UBER; $61.71; O/P) further highlights a range of global secular drivers that can continue to enhance the company’s business model over time. Most importantly, Japanese regulators…
December 1, 2023
On Wednesday (11/29), Uber Technologies (UBER; $56.75; O/P) announced plans to start onboarding black cabs in London to its platform starting in “early 2024”, which further adds to a new product story for its Mobility…