Uber Technologies (UBER)


February 8, 2023

UBER: First Look at Q4 Results and Outlook

By Steven Fox

Uber Technologies (UBER; $34.90; O/P) posted Q4 adjusted EBITDA of $665mm (7.7% of sales), which beat our $602mm (7.1% of sales) and the Street’s $624mm (7.3% of sales). Sales of $8,607mm were ahead of our…

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February 1, 2023

UBER: A Potential Inflection Point for the Stock?

By Steven Fox

We expect Uber Technologies’ (UBER; $31.15; O/P) Q4 results and outlook, scheduled for Wednesday, February 8th (before market), to provide further support for our belief that its vast and expanding network is undervalued, especially given…

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January 20, 2023

UBER: Adds to EV Network Push

By Steven Fox

Earlier this week, Hertz Global Holdings (HTZ; $17.07; NR) announced it is expanding on an existing partnership with Uber Technologies (UBER; $30.25; O/P) in a move that is focused on making Uber’s network more attractive…

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January 12, 2023

UBER: Continues to Electrify Fleet

By Steven Fox

We think some recent “proof points” out of Uber Technologies (UBER; $28.92; O/P) further support the idea that the company is making progress towards achieving its goal to fully electrify its global rideshare and delivery…

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December 16, 2022

UBER: Leveraging Delivery Advantages Further

By Steven Fox

This morning, Uber Technologies (UBER; $25.78; O/P) announced a new on-demand and scheduled grocery delivery partnership with Meijer for consumers located in the Midwest of the U.S. (Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin). We think…

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December 5, 2022

UBER: Moves Autonomous Plans Another Step Forward

By Steven Fox

On Friday (12/2), Uber Technologies’ (UBER; $28.50; O/P) Freight business (22% of 2022E sales) announced it is expanding on an existing pilot autonomy program with Aurora Innovation (AUR; $1.36; NR) through a new commercial lane…

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November 1, 2022

UBER: EBITDA Momentum Continues

By Steven Fox

We reiterate our Outperform on the shares of Uber Technologies (UBER; $29.87) after another quarter of robust organic top line growth accompanied by an accelerated trajectory of EBITDA improvements, led by significant Delivery profit upside…

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November 1, 2022

UBER: First Look at Q3 Results and Outlook

By Steven Fox

Uber Technologies (UBER; $26.57; O/P) posted Q3 adjusted non-GAAP EBITDA of $516mm (6.2% of sales), which was comfortably ahead of our forecast of $450mm (5.6% of sales) and the Street’s $459mm (5.7% of sales). Sales…

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October 31, 2022

UBER: Expecting More EBITDA Proof Points

By Steven Fox

We like the “set up” for the shares of Uber Technologies (UBER; $27.50; O/P) ahead of Q3 results and outlook tomorrow morning (11/1). The stock is -6% from where it traded to right after a…

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October 19, 2022

More Strategic Initiatives to Consider

By Steven Fox

Recent news out of Uber Technologies (UBER; $27.52; O/P) highlighted its focus on adding to its robust list of on-demand delivery partnerships, including further opportunities to expand non-restaurant delivery category reach, which remains an important…

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September 22, 2022

Focusing More on Ads Optionality

By Steven Fox

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August 15, 2022

More Category Expansion to Leverage

By Steven Fox

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