Uber Technologies, Inc. - UBER STOCK NEWS

Uber reported robust financial results for Q4 2021, with Gross Bookings of $25.9 billion, a 51% increase year-over-year, and a net income of $892 million, benefiting from a $1.4 billion gain from equity investments. Adjusted EBITDA rose to $86 million, surpassing expectations. Mobility bookings reached $11.3 billion (+67% YoY), while Delivery bookings grew to $13.4 billion (+34% YoY). The company ended Q4 2021 with $4.3 billion in cash. Looking ahead, Uber predicts Q1 2022 Gross Bookings between $25 billion and $26 billion, with Adjusted EBITDA of $100 million to $130 million.

Wallbox (NYSE: WBX) and Uber (NYSE: UBER) are expanding their partnership across the U.S. following a successful pilot in the Bay Area. By April 2022, Uber drivers will have access to a discounted package for the Wallbox Pulsar Plus charger and installation. The rollout will occur in four phases starting in January 2022, covering key cities like Los Angeles and New York, and aims for nationwide availability. The partnership supports Uber's goal of achieving zero emissions by 2030, enhancing EV accessibility for drivers.

Uber Technologies announced a partnership with Smart & Final Stores to enhance grocery delivery across the West Coast. Currently, 173 Smart & Final locations in Arizona, California, and Nevada are available on Uber and Uber Eats, with plans to include all 254 stores. The collaboration allows Uber to offer alcohol delivery for the first time through Uber Eats, beginning in California, with plans to expand to other states. Since its grocery service launch in July 2020, Uber has seen significant growth, catering to the increasing demand for on-demand shopping.

Uber Technologies, Inc. (NYSE: UBER) will host its Investor Day on February 10 at 9 a.m. Eastern Time in New York City, updated from its original time and location in San Francisco. The event aims to engage with financial analysts and institutional investors. A live webcast and materials will be accessible on Uber's Investor Relations website, with a replay available for at least 90 days. Uber plans to use its Investor Relations site to disclose material nonpublic information, in compliance with Regulation FD.

Uber (NYSE: UBER) and Visa (NYSE: V) launched the Grants for Growth program, allocating $1 million to support small businesses impacted by the pandemic across 10 U.S. cities. Each of the 100 selected merchants will receive $10,000 for immediate needs such as payroll and technology upgrades. Eligible businesses must have been active on Uber Eats since January 1, 2022, in cities including Atlanta, Chicago, and Los Angeles. The program, administered by LISC, aims to promote restaurant recovery and entrepreneur support.

Motional and Uber Technologies Inc (NYSE: UBER) have partnered to launch autonomous deliveries starting in early 2022 in Santa Monica. Utilizing Motional's all-electric Hyundai IONIQ 5-based robotaxi, the collaboration will initiate meal kit deliveries via Uber Eats. This venture marks Motional's entry into autonomous delivery and Uber's first partnership with a driverless vehicle provider. Both companies aim to enhance customer experience in delivery services by leveraging autonomous technology. The partnership signifies a pivotal moment for both companies in the evolving delivery market.

On December 14, 2021, CLEAR (NYSE: YOU) announced a partnership with Uber (NYSE: UBER) to enhance the travel experience through the integration of Uber's ride service into CLEAR's app. This collaboration aims to provide travelers with real-time data on when to leave for flights, improving the 'Home to Gate' feature by allowing users to reserve Uber rides directly. With travel surging during the holiday season, this initiative seeks to reduce stress and streamline airport travel. CLEAR currently boasts over 8 million members and is recognized for its secure identity solutions.

On December 13, 2021, Uber Technologies announced its first-ever food delivery to outer space via Uber Eats. The milestone delivery took place on December 11, 2021, as Japanese entrepreneur Yusaku Maezawa hand-delivered Japanese meals to astronauts aboard the International Space Station, marking a significant expansion of the delivery service's capabilities.

To celebrate this achievement, Uber Eats is offering $10 off orders over $20 for the first 24,800 customers using the promo code SPACEFOOD from December 13-19, 2021.

Uber has launched the Path to Safety Fund, in partnership with Canary and FreeFrom, to assist drivers and delivery workers affected by domestic violence. The initiative aims to provide financial support to those experiencing hardship due to such violence, with applications kept anonymous. The fund addresses urgent needs, including housing and food. This program follows a significant rise in women using the Uber platform. Uber's ongoing commitment to combat gender-based violence has also included over 50,000 free rides to safe spaces during the pandemic.