Uber Technologies, Inc. - UBER STOCK NEWS

Uber has partnered with Dress for Success to support women drivers and delivery people as they re-enter the workforce during COVID recovery. This initiative will offer coaching, networking, and professional development services. Recent data shows 2.3 million women left the U.S. workforce in 2020, while Uber reports an 80% increase in female earners on its app. The partnership aims to provide women with flexible earning opportunities and essential skills for post-COVID employment. Uber and Dress for Success aim to empower women and enhance career growth.

Uber Technologies, Inc. (NYSE: UBER) announced that CEO Dara Khosrowshahi and CFO Nelson Chai will speak at the Goldman Sachs Communacopia Conference on Tuesday, Sept 21, 2021. Their keynote is scheduled for 1:45 PM PT (4:45 PM ET). A live webcast of the event will be available via the investor relations section on the Uber website at http://investor.uber.com. Uber aims to create opportunity through movement, having facilitated over 15 billion trips since its inception in 2010.

Uber Technologies, Inc. (NYSE: UBER) has priced $1.5 billion of 4.50% Senior Notes due 2029, aimed at qualified institutional buyers and non-U.S. persons. The notes, which will accrue interest semiannually from February 15, 2022, will be guaranteed by Uber's subsidiaries. Proceeds are intended for financing cash consideration related to the acquisition of Transplace by Uber Freight. The offering is subject to customary closing conditions and hasn't been registered under the Securities Act.

Uber Technologies, Inc. (NYSE: UBER) plans to offer $1.5 billion in Senior Notes due 2029, targeting qualified institutional buyers and non-U.S. persons. The proceeds will finance part of the cash consideration for the acquisition of Transplace by Uber Freight. The notes are unregistered under the Securities Act and may not be sold in the U.S. without proper registration. This press release includes forward-looking statements regarding the offering and the acquisition, subject to various risks and uncertainties that may affect actual outcomes.

Uber Technologies reported robust financial results for Q2 2021, with Gross Bookings soaring 114% YoY to $21.9 billion. Mobility Gross Bookings reached $8.6 billion (+184% YoY), while Delivery saw $12.9 billion (+85% YoY). Revenue increased by 105% YoY to $3.9 billion. Although the net income was $1.1 billion, there was an Adjusted EBITDA loss of $(509) million. CEO Dara Khosrowshahi highlighted investments in driver availability, which contributed to future growth prospects.

Uber Technologies, Inc. (NYSE: UBER) has formed an exclusive partnership with FTD, LLC to offer on-demand flower delivery through Uber Eats, marking its first national floral partnership. Starting in major cities like New York and Los Angeles, customers can order flowers via the Uber Eats app, with nationwide availability expected by early 2022. The collaboration promises 5% discounts and $0 delivery fees for Uber Pass subscribers. This deal aims to enhance consumer convenience and expand Uber's service offerings as it continues to evolve in the on-demand commerce landscape.

Uber Freight has announced its acquisition of Transplace for approximately $2.25 billion, consisting of $750 million in Uber stock and the rest in cash. This acquisition, expected to enhance Uber Freight's logistics technology and operational efficiency, combines their vast carrier network with Transplace's shipper solutions, addressing current challenges in the logistics landscape. The deal is pending regulatory approval and aims to accelerate Uber Freight's profitability, targeting to break even on an Adjusted EBITDA basis by the end of 2022.

On July 21, 2021, Uber and Costco launched a grocery delivery pilot across 25 Texas locations, allowing Costco members to receive deliveries via Uber and Uber Eats. The minimum order is $35, with free delivery for Uber Pass and Eats Pass holders. This initiative marks Uber's first collaboration with a food wholesaler in the U.S., expanding its grocery delivery footprint. Following a recent national partnership with Albertson's Co., Uber aims to meet consumer demand for quick deliveries. The pilot is currently available in Dallas, Austin, and Houston.

Uber Technologies (NYSE: UBER) has announced the launch of its on-demand and scheduled grocery delivery service across over 400 cities in the U.S., marking a significant expansion in its grocery offerings. This initiative is supported by a partnership with Albertsons Companies (NYSE: ACI), encompassing 1,200 stores. Since its 2020 launch, Uber has seen growth, serving nearly 3 million consumers monthly. Major U.S. cities like San Francisco and New York City are included in the coverage, indicating Uber's commitment to enhancing convenience for customers in accessing grocery essentials.