Uber Technologies, Inc. - UBER STOCK NEWS

Uber and WeRide have launched their autonomous mobility service in Abu Dhabi, marking the first time autonomous vehicles are available on the Uber platform outside the United States. The service represents the largest commercial robotaxi operation outside the U.S. and China.

The service will operate in key areas including Saadiyat Island, Yas Island, and routes to/from Zayed International Airport. Initially, safety operators will be present in each vehicle, with plans for fully driverless service in 2025. Tawasul Transport will serve as the fleet operator, with support from Abu Dhabi's Integrated Transport Centre.

Uber riders requesting UberX or Uber Comfort may be matched with WeRide autonomous vehicles for qualifying trips, with an opt-in option available through the app's Ride Preferences section.

Toast (NYSE: TOST) and Uber (NYSE: UBER) have expanded their partnership to help restaurants reduce costs and reach more diners with commission-free delivery. This new integration between Toast Delivery Services and Uber Direct will enable restaurants across the U.S. to save on delivery fees, expand their delivery radius, and use Uber's extensive delivery network for local deliveries of orders made by phone and through Toast's digital ordering channels, including Online Ordering, Branded Mobile App, and Local by Toast (formerly Toast TakeOut) app.

Since 2021, Toast and Uber have partnered to deliver orders made through the Uber Eats app. With this expanded partnership, restaurants can now offer local delivery for sales made from their Toast digital ordering channels and by phone, while accessing commission-free delivery for a low flat fee per order. Uber Direct is used by various businesses including restaurants, grocers, and retailers. The expanded integration aims to provide restaurants with more choice and help them maximize their margins.

Uber Technologies (NYSE: UBER) announced that CFO Prashanth Mahendra-Rajah will participate in a fireside chat at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11. The session is scheduled for 1:20pm PT (4:20pm ET) and will be accessible via audio webcast on Uber's investor relations website.

Since its founding in 2010 with the goal of providing ride access at the touch of a button, Uber has facilitated more than 55 billion trips. The company continues to focus on its mission of creating opportunity through movement, developing products that transform how people, food, and things move through cities.

Uber Eats announces a new partnership with Stew Leonard's, making the farm fresh food store's products available for delivery across New York, New Jersey, and Connecticut locations. Customers can order through the Uber Eats and Uber apps, accessing exclusive items like Christmas Cookie Milk and chef-made guacamole. Uber One members receive $0 delivery fees and 5% discount on orders over $35, while all customers can enjoy up to 50% off orders of $50+ through November 25th. The partnership offers various products including heat-and-serve items, gameday favorites, and fresh bakery treats from Bethy's Bakery.

Uber Technologies reported strong Q3 2024 results with record profitability. Gross Bookings grew 16% year-over-year to $41.0 billion, while Revenue increased 20% to $11.2 billion. The company achieved a milestone with over $1 billion in GAAP operating income for the first time. Net income was $2.6 billion, including a $1.7 billion benefit from equity investment revaluation. Adjusted EBITDA rose 55% to $1.7 billion, with margin improving to 4.1%. The platform now has over 25 million Uber One members and processed 2.9 billion trips during the quarter. For Q4 2024, Uber expects Gross Bookings of $42.75-44.25 billion and Adjusted EBITDA of $1.78-1.88 billion.

Uber Eats has launched nationwide acceptance of SNAP EBT payments, partnering with Albertsons Companies' grocery stores (including Safeway, Jewel-Osco, and Vons) and Walgreens locations. The initiative aims to expand access to nutritious food for millions of Americans. EBT cardholders will receive free delivery on their first three SNAP-eligible orders and a 3-month free Uber One membership. The service, powered by Forage's payment technology, allows eligible customers to order groceries through the Uber Eats app using their SNAP benefits. Uber plans to add more retailers to the program in the coming months.

Uber Technologies, Inc. (NYSE: UBER) has announced its upcoming third quarter 2024 financial results conference call, scheduled for Thursday, October 31st, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). Investors and interested parties can access the live webcast and earnings release materials on Uber's Investor Relations website at investor.uber.com. The conference call replay will be available for at least 90 days.

Uber emphasizes its commitment to transparency by using its Investor Relations website as a platform for disclosing material nonpublic information and complying with Regulation FD. The company advises investors to monitor this website alongside press releases, SEC filings, and public presentations for comprehensive information.

Founded in 2010, Uber has facilitated over 52 billion trips to date, focusing on its mission to create opportunity through movement. The company continues to innovate in urban transportation for people, food, and goods delivery.

Uber Technologies, Inc. (NYSE: UBER) and Avride have announced a multiyear strategic partnership to integrate Avride's delivery robots and autonomous vehicles into Uber and Uber Eats services. The collaboration will begin with sidewalk robots on Uber Eats in Austin in the coming weeks, expanding to Dallas and Jersey City later this year. The mobility partnership for riders in Dallas is expected to launch next year.

Avride's unique advantage lies in developing both autonomous cars and delivery robots with mutually enhancing technologies. The company's delivery robots are already operational in the U.S. and South Korea, while its autonomous cars are being tested on public roads. Avride plans to expand its robot fleet within Uber Eats to hundreds in 2025, followed by the launch of its robotaxi service.

Uber Technologies (NYSE: UBER) has announced a new partnership with Spirit Halloween, North America's largest Halloween retailer. This collaboration allows customers across the United States and Canada to shop for Halloween costumes and seasonal decor through Uber Eats, Postmates, and the Uber app. Spirit Halloween is opening 1,525 locations in 2024, offering a wide range of costumes, accessories, and exclusive décor items.

The Spirit Halloween catalog will be available on Uber apps at the same prices as in-store. Uber One members will enjoy $0 Delivery Fee and a 5% discount on Spirit Halloween orders with a $35 minimum purchase. Additionally, all consumers can benefit from up to 40% off their next Spirit Halloween order of $50 or more through Halloween, subject to terms and conditions.