Welcome to our dedicated page for Uber Technologies news (Ticker: UBER), a resource for investors and traders seeking the latest updates and insights on Uber Technologies stock.
Uber Technologies, Inc. (NYSE: UBER) is a global technology company headquartered in San Francisco. Primarily known for its ride-hailing services, Uber connects riders with drivers through its intuitive mobile app. With operations in over 63 countries and serving 150 million users monthly, Uber has significantly impacted how people move in urban settings.
Apart from taxi services, Uber's technology platform extends to food delivery through Uber Eats, which matches hungry customers with local restaurants. As part of its expansive vision, Uber is also pioneering autonomous vehicles, drone deliveries, and Uber Elevate for aerial ride-sharing, pushing the boundaries of conventional transportation.
Uber's recent strategic moves include a partnership with Lightspeed Commerce Inc., integrating Uber Eats and Uber Direct into the Lightspeed platform to enhance delivery options for merchants. Additionally, Uber's investment in Serve Robotics Inc., a company specializing in AI-powered delivery robots, showcases its commitment to innovative delivery solutions.
Financially, Uber has shown resilience and adaptability, consistently working towards diversifying its services and collaborations. These efforts position it as a pivotal player in the evolving landscape of smart transportation and delivery systems.
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Acadia Healthcare Company, Inc. (NASDAQ: ACHC) partners with Uber Health to enhance access to behavioral health care and addiction treatment by offering transportation services. The collaboration aims to reduce barriers to treatment and improve patient outcomes by providing reliable transportation to Acadia's Comprehensive Treatment Centers (CTCs) across multiple states.
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Uber partners with Mastercard and Payfare to launch the Uber Pro Card, offering free instant payouts, cashback rewards on gas and EV charging, and enhanced loyalty features for drivers and delivery people in Canada.
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Uber CEO Dara Khosrowshahi to keynote at the 2024 Morgan Stanley Conference on March 6, 2024.
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Uber Technologies, Inc. (UBER) authorizes a $7 billion share repurchase program, reflecting confidence in financial strength. The company plans to strategically reduce share count and offset stock-based compensation. Uber will host a virtual Investor Update to present updated strategy, financial framework, and capital allocation plans.
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Uber Technologies, Inc. (UBER) announced strong financial results for the fourth quarter and full year ended December 31, 2023. The company reported a 24% increase in fourth quarter trips and a 15% increase in monthly active platform consumers year-over-year. Additionally, fourth quarter Gross Bookings grew 22% year-over-year, with a 21% increase on a constant currency basis. The company also reported a fourth quarter net income of $1.4 billion, income from operations of $652 million, and record Adjusted EBITDA margin. Furthermore, Uber's fourth quarter operating cash flow was $823 million, with free cash flow of $768 million. CEO Dara Khosrowshahi emphasized that 2023 was an inflection point for Uber, demonstrating strong, profitable growth at scale, with an average of nearly 26 million daily trips powered by the platform. CFO Prashanth Mahendra-Rajah highlighted the company's record engagement and accelerating Gross Bookings in Q4, attributing it to Uber's platform advantages and disciplined investment in new growth opportunities.
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Uber Technologies, Inc. (UBER) will hold its quarterly conference call to discuss its fourth quarter 2023 financial results on February 7th, followed by a virtual Investor Update on February 14th. The company's executive leadership team will present an updated view of the company’s strategy and capital allocation plans, followed by Q&A. Investors can access the webcast and event registration on Uber’s Investor Relations website. Uber uses its Investor Relations website for disclosing material nonpublic information and complying with its disclosure obligations under Regulation FD.
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Uber for Business (UBER) integrates with expense management providers Brex and Ramp to automate receipt matching for Uber rides and meals, benefiting over 200,000 companies and their employees.
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Uber Technologies, Inc. (NYSE: UBER) has announced that Torchy’s Tacos, a well-loved taco chain, is now available for delivery with Uber Eats across 14 states. Customers can now order from over 100 Torchy’s Tacos locations through the Uber Eats app, including their famous Green Chili Queso and rotating made-from-scratch tacos of the month. The partnership aims to offer a seamless delivery experience, with special promotions for consumers and Uber One members.
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Uber Technologies (UBER) partners with Big Lots (BIG) to bring the home discount retailer's massive selection to the Uber Eats app, providing nationwide on-demand and scheduled delivery of thousands of items, including home goods, Christmas Shop, Household Essentials, Grocery, Pets, Trending Products, Kids & Baby, and more. Uber One members enjoy a $0 Delivery Fee and up to 10% off all eligible orders with a $15 minimum purchase. Consumers can receive 50% off orders of $50+ from today through December 31st, using the code BIGLOTS50. Big Lots joins a growing list of North American retailers on the Uber Eats app, including PetSmart, Staples, Party City, Bed Bath & Beyond, and Office Depot, among others.
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Uber Technologies, Inc. (UBER) announced the pricing of an upsized offering of $1.5 billion aggregate principal amount of 0.875% Convertible Senior Notes due 2028. The offering was upsized from the previously announced $1.2 billion aggregate principal amount of Convertible Senior Notes due 2028. The notes are being offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The sale of the notes is expected to close soon.
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FAQ
What is the current stock price of Uber Technologies (UBER)?
The current stock price of Uber Technologies (UBER) is $71.51 as of November 22, 2024.
What is the market cap of Uber Technologies (UBER)?
The market cap of Uber Technologies (UBER) is approximately 149.4B.
What is Uber Technologies, Inc. known for?
Uber Technologies, Inc. is best known for its ride-hailing services, connecting riders with drivers via a mobile app.
How many countries does Uber operate in?
Uber operates in over 63 countries worldwide.
What other services does Uber provide besides ride-hailing?
Besides ride-hailing, Uber offers food delivery through Uber Eats and is developing technologies for autonomous vehicles, drone deliveries, and aerial ride-sharing.
How many users does Uber have?
Uber has over 150 million monthly active users.
Where is Uber Technologies headquartered?
Uber Technologies is headquartered in San Francisco, California.
What is Uber Eats?
Uber Eats is a food delivery service that connects hungry customers with local restaurants.
What is Uber Elevate?
Uber Elevate is an initiative by Uber to provide aerial ride-sharing services.
What are some of Uber's recent strategic partnerships?
Uber has recently partnered with Lightspeed Commerce Inc. to integrate Uber Eats and Uber Direct into Lightspeed's platform.
What is Serve Robotics Inc.?
Serve Robotics Inc. is a company specializing in AI-powered, low-emissions delivery robots and is a strategic partner of Uber.
What are Uber's future technological aspirations?
Uber aspires to enhance its platform with autonomous vehicles, drone deliveries, and aerial ride-sharing services.
Uber Technologies, Inc.
Nasdaq:UBER
UBER Rankings
UBER Stock Data
149.42B
2.10B
0.18%
83.7%
2.36%
Software - Application
Services-business Services, Nec
United States of America
SAN FRANCISCO