Uber Technologies (UBER)

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…

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…

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…

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…

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…

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…

Recent news flow out of Uber Technologies (UBER; $56.06; O/P) highlights how the company continues to engage in a range of new category and new product opportunities, admittedly as per below more on the “experimental”…

Earlier this week, Uber Technologies (UBER; $54.20; O/P) announced a series of improvements to its driver and courier app that are aimed at improving safety, enabling more efficient rideshare and delivery trips, while also addressing…

We raise our 2023E and 2024E EBITDA for Uber Technologies (UBER; $49.75; O/P) from $3.8B and $5.5B to $4.0B and $5.7B after the company reported a healthy “across the board Q3 beat”, outside of some…

Uber Technologies (UBER; $48.14; O/P) posted Q3 adjusted EBITDA of $1,092mm (11.8% of sales), which was comfortably ahead of our forecast of $1,000mm (10.5% of sales) and the Street’s $1,018mm (10.7% of sales). Sales of…

We remain bullish on the shares of Uber Technologies (UBER; $43.02; O/P) ahead of its Q3 print next Tuesday (11/7 before market) and stick with our Q3E gross bookings of $34.5B (+3% QoQ and +19%…

We see recent price consolidation in the shares of Uber Technologies (UBER; $46.63; O/P) as an attractive entry point ahead of its Q3 print in a few weeks. We think this is even the case…

The shares of Uber Technologies (UBER; $44.27; O/P) have now retreated 11% since the end of July, albeit in a weak tech tape (-9% for NASDAQ over the same period), but despite a subsequent Q2…

This week, Uber Technologies (UBER; $48.32; O/P) announced two new grocery partnerships, ironically well timed with the upcoming IPO of Maplebear (d/b/a Instacart), which we evaluated in a note yesterday (“Insta Analysis of CART”; 9/14)….

We think this morning’s news that Serve Robotics is in the process of finalizing an IPO by merging with unlisted special purpose acquisition company (SPAC) Patricia Acquisition further highlights Uber Technologies’ (UBER; $44.70; O/P) commitment…