Uber Technologies (UBER)

We raise our 2023E and 2024E EBITDA for Uber Technologies (UBER; $46.86; O/P) from $3.53B and $5.15B to $3.78B and $5.50B after another “beat and raise” that was fairly impressive across basically all key metrics….

Uber Technologies (UBER; $49.46; O/P) posted Q2 adjusted EBITDA of $916mm (9.9% of sales), which handily beat our forecast of $837mm (9.1% of sales) and the Street’s $846mm (9.1% of sales). Sales of $9,230mm were…

We raise our target on Uber Technologies shares (UBER; $47.32; O/P) from $50 to $55 ahead of its Q2 print on August 1st, to better consider a broadening range of growth vectors we see being…

This morning, Domino’s Pizza (DPZ; $349.79; NR) announced a new global agreement with Uber Technologies (UBER; $44.36; O/P), which allows its customers, initially just from the U.S., to order from the pizza delivery chain through…

This morning, Uber Technologies (UBER; $44.04; O/P) announced a partnership with RideCo, which opens up further possibilities for the company to expand its user base while better monetizing its current network. To that end, Uber…

We think the most recent “go public” news from Turo, which is the world’s largest peer-to-peer carsharing marketplace, further highlights a still underappreciated range of opportunities for Uber Technologies (UBER; $42.94; O/P) to increasingly monetize…

This week, Uber Technologies (UBER; $43.36; O/P) added further to a lengthy list of strategic actions taken Q2-to-date, which we see adding further confidence to its ability to continue to generate healthy operating leverage and…

Last week, Uber Technologies (UBER; $40.99; O/P) announced, at its Go/Get Zero event in London, a range of “green” focused initiatives and features for both Mobility and Delivery businesses (50% and 45% of 2023E gross…

Last week, a series of announcements out of Uber Technologies (UBER; $39.73; O/P) further highlighted all the “levers it can still pull” to drive an even more attractive mix of bookings and thus further operating…

We think recent news flow from Uber Technologies (UBER; $37.56; O/P) further highlights how the company can drive more and more near-term AI and machine learning outcomes “at the edge” over time through its shared…

This morning, Uber Technologies (UBER; $39.57; O/P) and Waymo, which is owned by Alphabet (GOOGL; $123.86; NR), announced a new, multi-year strategic partnership to integrate Waymo’s self-driving system (Waymo Driver) into certain portions of Uber’s…

Earlier today, Uber Technologies (UBER; $37.92; O/P) rolled out a range of new and complementary product features across both its Mobility and Delivery businesses (50% and 45% of 2023E gross bookings) as part of the…

We think post-earnings news flow around Uber Technologies’ (UBER; $38.33; O/P) Delivery business, which we estimate generates 45% of 2023E gross bookings, provides further support for the idea that the company’s “get anything, anywhere” ambitions…

Uber Technologies (UBER; $36.52; O/P) remains a “top pick” across our coverage after it produced another healthy non-GAAP EBITDA “beat and raise”, which most importantly was led by healthy operating leverage on robust organic bookings…

Uber Technologies (UBER; $32.74; O/P) posted Q1 adjusted EBITDA of $761mm (8.6% of sales), which handily beat our forecast of $675mm (7.6% of sales) and the Street’s $689mm (7.9% of sales). Sales of $8,823mm were…