Uber Advertising launched a partnership with Instacart’s Carrot Ads.Via the collaboration, Uber will use Carrot Ads in the United States to extend the reach of Uber Eats’ Sponsored Items formats to consumer packaged goods (CPG) advertisers, according to a Thursday (April 10) press release.“The integration aims to provide a broader set of CPG advertisers with access to effective solutions that help them win the digital shelf,” the release said.Starting this month, CPG advertisers in the U.S. will be able to ...

Core Insights - Uber Technologies has partnered with WeRide to introduce self-driving cars in Dubai, aiming to integrate WeRide's technology into Uber's platform [1][2] - The partnership aligns with Dubai's goal of making 25% of all city trips autonomous by 2030, following a similar initiative in Abu Dhabi [2] - The global robotaxi market is projected to reach $45.7 billion by 2030, growing at a CAGR of 91.8% from 2025 to 2034, indicating significant market potential [3] Company Performance - Uber has achieved a 7.2% year-to-date gain, outperforming the S&P 500 and rival Lyft, which are both down in double digits [4] - Over the past year, Uber shares have consistently outperformed Lyft, reflecting strong market confidence [7] - Uber has surpassed earnings estimates in three of the last four quarters, with an average beat of 133.5% [9] Financial Strategy - In 2024, Uber generated a record $6.9 billion in free cash flow and an adjusted EBITDA of $6.5 billion, indicating robust financial health [10] - The company announced a $1.5 billion accelerated stock buyback program, part of a larger $7 billion buyback initiative, signaling confidence in its business strategy [10] - Uber's diversification into food delivery and freight has strengthened its market position and reduced risks [11] Growth Projections - In Q4 2024, Uber's total gross bookings increased by 21% year-over-year to $44.2 billion, with trips rising by 18% to 3.1 billion [12] - Projections for the March-end quarter indicate a 15.6% growth in gross bookings from the Mobility segment and a 15.1% growth from the Delivery segment [13] - Total trips are expected to increase by 19.4% year-over-year in the upcoming quarter [13] Investment Outlook - Based on favorable market conditions and growth prospects, Uber is considered a solid investment pick, currently holding a Zacks Rank 2 (Buy) [14] - The Wall Street average target price for Uber stock is $90.02, suggesting an upside of over 39% from current levels [14]

Uber (UBER -6.23%) is trading at a relatively cheap valuation because the threat from Tesla's (TSLA -5.40%) driverless car tech is overstated.*Stock prices used were the afternoon prices of March 31, 2025. The video was published on April 2, 2025. ...

Expansion highlights joint commitment to providing sustainable, efficient last-mile delivery solutions nationwide MIAMI, April 2, 2025 /PRNewswire/ -- Coco Robotics, the world's leading food delivery robotics company, announced today that it's launching operations in Miami, starting with delivery partner Uber Eats (NYSE: UBER). This announcement marks Coco's entry into the Southeast market. The service will initially launch in the Wynwood neighborhood and Downtown Miami, with plans to expand to Brickell and ...

When it comes to ride-sharing in the U.S., there are only two choices for consumers and investors: Uber (UBER 0.24%) and Lyft (LYFT 2.99%).The two companies have been rivals since their early days, and while Uber has long been the market leader, Lyft has been a steady innovator in the space and held its own despite predictions that it would fall by the wayside.Investors interested in the ride-sharing industry are likely to choose one or even both of these companies, as they're exposed to the same kind of op ...

In the U.S., Uber Technologies (UBER 0.25%) and DoorDash (DASH 0.25%) dominate the food delivery business. Of the two, DoorDash claims the most market share in online food delivery, placing it far ahead of Uber Eats and likely leading some investors to assume that it could be an obvious choice between the two. Nonetheless, Uber earns the majority of its revenue from ridesharing, a business that offers market leadership in a valuable niche and more diversification than DoorDash. Thus, investors should take a ...

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.12% higher. Uber Technologies currently has a Zacks Rank of #2 (Buy). With respect to valuation, Uber Technologies is currently being traded at a Forward P/E ratio of 28.68. This indicates a premium in contrast to its ind ...

For more than a decade, Uber has redefined personal mobility, becoming a cultural shorthand for convenient, on-demand transportation. The company's growth trajectory has been remarkable, with its monthly active platform consumers (MAPCs) now exceeding 170 million -- more than double the 80 million it reported in 2018. In 2024, the company facilitated 11.3 billion trips worldwide, which generated $44 billion in net revenue, up 18% year over year. It's not just its ride-sharing service fueling this momentum. ...

Uber has teamed with Petco to offer pet owners home delivery via Uber Eats.The partnership, announced Thursday (March 27), makes all Petco locations in the contiguous United States available on Uber Eats for deliveries of pet food, toys, treats and other items.“People are more connected and committed to their pets today than ever before,” Steve Janowiak, Petco’s vice president of digital, said in a news release. “We’re thrilled to partner with Uber Eats and give pet parents another easy way to get the trust ...

Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 210% in the past five years. Comparatively, the S&P 500 (^GSPC -1.12%) advanced 101% during the same period. Those market-beating results make Ackman a good source of inspiration for individual investors.Since January, Ackman has bought more than 30 million shares in a robotaxi stock that has soared 145% in the past two years. I'm not referring to Tesla, though the company also plans to launch an autonomous ...