Uber Technologies, Inc. - UBER STOCK NEWS

Uber Technologies has partnered with PetSmart to integrate over 1,600 of its locations into the Uber Eats app for on-demand delivery in the US, Canada, and Puerto Rico. This marks Uber's first national pet care partnership, enhancing its grocery and retail offerings.

Customers can enjoy a $0 delivery fee for Uber One members plus discounts on their purchases, with promotional offers available until May 31. The service aims to provide convenience for pet owners needing essential supplies quickly. Uber's grocery business has expanded significantly, now including over 100,000 retail partners. This collaboration reflects Uber's strategy to meet the growing consumer demand for efficient delivery services.

Uber Technologies, Inc. (NYSE: UBER) is set to hold its quarterly conference call on Tuesday, May 2, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time) to discuss its first quarter 2023 financial results. Investors can access a live webcast and earnings release materials on Uber's Investor Relations website. A replay of the conference call will be available for at least 90 days. Uber emphasizes that its Investor Relations website will be used to disclose material nonpublic information, encouraging investors to monitor it alongside press releases, SEC filings, and webcasts. Founded in 2010, Uber's mission is to create opportunities through movement, having completed over 3 billion trips worldwide.

Uber Technologies recently featured Sarah-Marie Martin, VP of Corporate Development & Capital Markets, on ICR’s "Welcome to the Arena" podcast. The discussion centered on her background in investment banking and experiences as a woman in a male-dominated field. Martin highlighted Uber's future direction, focusing on the company's strategic initiatives and growth potential. The podcast, which includes insights from various industry leaders, aims to shed light on factors driving value in public and private equity-backed companies. It has been airing bi-weekly since its launch in August 2021.

Uber Eats (NYSE: UBER) has launched a new Certified Virtual Restaurant Program aimed at enhancing virtual restaurant operations for US restaurants. In partnership with Virtual Dining Concepts, Nextbite, and Acelerate, the program allows merchants to access high-quality virtual restaurant concepts, providing a streamlined operational experience. With over 40,000 virtual storefronts already in existence, the initiative focuses on menu quality and customer satisfaction. Participating restaurants can leverage established brands such as MrBeast Burger and Scratch Chicken, gaining access to expert support and marketing strategies tailored for delivery.

Uber Technologies, Inc. (NYSE: UBER) has partnered with Tampa International Airport to introduce mobile ordering at over 20 concession locations, enhancing convenience for the airport's 21 million visitors annually. This move follows Uber's successful operations at Toronto Pearson Airport and pilot programs at other U.S. airports. Beginning March 2023, travelers and airport staff can order ahead and skip lines, improving their overall experience. Uber One members will also benefit from discounts on eligible orders. This partnership aims to alleviate the stress of obtaining food and necessities quickly in busy airport environments.

Uber Technologies, Inc. (NYSE: UBER) announced today that CEO Dara Khosrowshahi will participate in a keynote at the 2023 Morgan Stanley Technology, Media and Telecom Conference on March 6, 2023. The event is scheduled for 10:25 AM PT (1:25 PM ET). A live audio webcast of the keynote will be accessible on the investor relations section of the Uber website at http://investor.uber.com. Uber's mission is to create opportunity through movement, having facilitated over 37 billion trips since its inception in 2010.

Uber Technologies reported robust financial results for Q4 2022, with Gross Bookings of $30.7 billion, a 19% YoY increase, driven by Mobility Gross Bookings of $14.9 billion (+31% YoY). Revenue soared 49% YoY to $8.6 billion, with a significant contribution from UK business model changes. Net income was $595 million, albeit slightly down from Q4 2021. Adjusted EBITDA surged to $665 million, marking a substantial increase. The company expects Q1 2023 Gross Bookings growth of 20-24% YoY. Despite a cash outflow due to HMRC VAT claims in the UK, unrestricted cash at quarter-end totaled $4.3 billion. Uber emphasizes strong demand and record margins heading into 2023.

Uber and the Local Initiatives Support Corporation (LISC) have launched the Black Restaurant Fund to provide flexible growth capital for Black restaurant owners, addressing systemic financial barriers. Announced in Atlanta, this fund will offer financing without fixed repayment terms, requiring repayment only after achieving targeted revenue growth. The initiative aims to assist 35 businesses over three years, focusing on restaurants generating between $250,000 and $3 million in revenue. By fostering economic opportunities, this program seeks to close the resource gap and support sustainable growth in Black communities.

Drizly, an Uber company (NYSE: UBER), has partnered with Gopuff to enhance on-demand delivery of beverage alcohol. This collaboration introduces Gopuff's complete assortment of beer, wine, and spirits to Drizly, significantly expanding delivery options for customers aged 21 and over across 26 states, including Florida, Texas, and New York. Additionally, Drizly will add nearly 20 new BevMo! stores and increase the availability of Liquor Barn stores, improving rapid delivery capabilities. The partnership aims to create a seamless shopping experience and solidify Drizly's leadership in the beverage alcohol e-commerce market.