Core Insights - Travis Kalanick, former CEO of Uber, believes the decision to abandon the autonomous driving program was a mistake, stating that the company was close to catching up with Waymo and could have developed an autonomous ride-sharing product [1] - Uber sold its self-driving unit to Aurora in 2020 after significant financial losses, having spent hundreds of millions on the project [1] - Waymo's self-driving cars are now operational in multiple markets, including the Bay Area, Los Angeles, and Phoenix, indicating a competitive advantage [1] Partnerships and Future Outlook - Waymo has recently partnered with Uber in Austin, with Uber relying on its platform to enhance the service [2] - There is a risk that if Waymo decides to operate independently, Uber could face challenges, reversing its position in the transportation industry [2]

OAKVILLE, Ontario, March 12, 2025 (GLOBE NEWSWIRE) -- With St. Patrick’s Day approaching, MADD Canada, Uber Canada and Diageo Canada are launching the national Get [There] Safe campaign in Toronto to reduce the risk of impaired driving. From March 14 at 9 a.m. to March 17 at 11:59 p.m., coasters featuring a promo code for 25% off Uber rides up to $10 will be distributed in bars and restaurants across the city, offering patrons an easy and affordable way to secure a safe ride—no matter where the night takes ...

Core Insights - Uber Technologies has terminated its acquisition of Delivery Hero's Foodpanda in Taiwan due to antitrust concerns raised by Taiwan's Fair Trade Commission, which indicated that the deal would increase Uber's market share to 90% [1][2] - Foodpanda currently holds a 52% market share in Taiwan's food delivery market, while Uber Eats has 48%, indicating a highly competitive landscape [2] - Uber is required to pay a termination fee of approximately USD $250 million as part of the deal's cancellation [2] Company Developments - The acquisition was initially expected to be completed in the first half of 2025, aligning with Uber Eats' strategy to expand in Asia, particularly in Taiwan [3] - Delivery Hero is withdrawing from the Southeast Asian market, having previously attempted to sell its operations in several countries, including Singapore and Malaysia, but ultimately decided to terminate those negotiations [4] - Foodpanda has undergone layoffs to streamline operations ahead of the potential sale, following previous staffing reductions in 2022 and 2023 [5]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Uber Technologies (UBER), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][4]. Brokerage Recommendations - Uber has an average brokerage recommendation (ABR) of 1.36, indicating a consensus between Strong Buy and Buy, based on 47 brokerage firms' recommendations [2]. - Out of the 47 recommendations, 37 are classified as Strong Buy, accounting for 78.7%, while three are classified as Buy, making up 6.4% of the total [2]. Limitations of Brokerage Recommendations - The article highlights that brokerage recommendations may not be reliable indicators of stock price movements due to analysts' biases stemming from their firms' vested interests [5][9]. - Studies suggest that brokerage firms tend to issue five "Strong Buy" recommendations for every "Strong Sell," indicating a tendency towards overly optimistic ratings [5]. Zacks Rank as an Alternative - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is presented as a more reliable indicator of near-term price performance, based on earnings estimate revisions [7][10]. - The Zacks Rank is updated more frequently than the ABR, making it a timely tool for predicting future stock prices [11]. Current Earnings Estimates for Uber - The Zacks Consensus Estimate for Uber's current year earnings has increased by 0.8% over the past month to $2.54, reflecting analysts' growing optimism [12]. - This increase in consensus estimates has contributed to Uber receiving a Zacks Rank 2 (Buy), suggesting a positive outlook for the stock [13].

Core Viewpoint - Uber Technologies has experienced stock volatility in 2024, ending the year with a 2% decline, despite strong growth in ride-hailing and delivery services, influenced by regulatory concerns in the last quarter [1][2]. Group 1: Company Performance - Uber's monthly active platform customers (MAPCs) increased from 111 million in 2019 to 171 million in 2024, with annual trips rising from 6.9 billion to 11.3 billion [3]. - From 2019 to 2024, Uber's gross bookings grew at a compound annual growth rate (CAGR) of 20%, while revenue rose at a CAGR of 25% [3]. - The company faced a significant slowdown in 2020 due to the pandemic but rebounded strongly in the following years [4]. Group 2: Financial Metrics - In 2024, Uber's trips growth was 19%, gross bookings growth was 18%, and revenue growth was 18% [4]. - Uber achieved profitability on a GAAP basis in 2023, with net income increasing more than fivefold in 2024, and adjusted EBITDA rising by 60% [6]. - For Q1 2025, Uber anticipates bookings to increase by 17%-21% year-over-year, with adjusted EBITDA expected to grow by 30%-37% [7]. Group 3: Strategic Initiatives - Uber has expanded its services, including new enterprise, healthcare, and teen-oriented offerings, and its Uber One subscription service grew by 60% to 30 million subscribers in 2024 [5]. - The company plans to test more autonomous vehicles, which could reduce labor costs in the future [8]. Group 4: Regulatory Challenges - Uber is currently facing two probes from the Federal Trade Commission (FTC) regarding its subscription practices and claims of underpaying drivers in New York City [9]. Group 5: Market Outlook - Analysts project Uber's revenue and adjusted EBITDA to grow by 14% and 32%, respectively, in 2025, and by another 14% and 22% in 2026 [10]. - With an enterprise value of $154 billion, Uber appears undervalued at 3 times projected sales and 18 times adjusted EBITDA [10]. - The company is viewed as a strong growth candidate with a wide moat and economies of scale enhancing profitability [11].

On Feb. 24, the world's largest pizza business, Domino's Pizza (DPZ -1.70%), reported its financial results for 2024. Investors were pleasantly surprised to see its sales surpass $19 billion, which was a strong 6% year-over-year increase. And Domino's achieved these results, in part, thanks to one key partnership.In July 2023, it signed a deal with Uber Technologies (UBER 1.75%). This might seem insignificant. But Domino's handles its own delivery and had resisted partnerships with third-party delivery serv ...

It has been about a month since the last earnings report for Uber Technologies (UBER) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Uber due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. UBER Q4 Earnings Tops EstimatesUber reported sol ...

Core Insights - The autonomous driving industry is poised for significant growth, particularly in the ride-hailing sector, with companies like Uber and Baidu well-positioned to capitalize on this trend [2][3][4]. Industry Overview - The autonomous ride-hailing market is projected to reach between $11 trillion to $12 trillion globally, driven by advancements in AI and battery technology that will lower the cost per mile of autonomous driving to approximately $0.25 [4]. - The low cost of autonomous vehicles is expected to create substantial new demand for travel, benefiting companies that are strategically positioned in this market [5]. Uber - Uber is adapting to the growth of autonomous ride-hailing by partnering with major autonomous-driving software companies like Waymo, allowing it to serve as a marketplace for both human-driven and self-driving vehicles [6][7]. - Although Uber does not own its self-driving technology, it leverages its extensive customer base and operational expertise to create value through partnerships, such as bringing Waymo's services to Austin and Atlanta in 2025 [8]. - This neutral stance enables Uber to collaborate with various partners, potentially increasing its addressable market despite a lower share of commission [9]. - Uber can apply its partnership strategy across its other businesses, such as Uber Eats and logistics, to strengthen its position in the evolving autonomous mobility landscape [10]. Baidu - Baidu is also positioned in the autonomous ride-hailing industry but focuses on developing its own autonomous driving platform, Apollo, and offering ride-hailing services under the Apollo Go brand [11]. - The Apollo platform has emerged as a leader in autonomous driving software in China, with Apollo Go providing over 1.1 million rides in Q4 2024 and achieving fully driverless operations across China since February 2025 [12]. - Baidu aims to expand its ride-hailing services from 12 cities in China to 65 cities by 2025 and over 100 cities by 2030, with plans to enter international markets, starting with Hong Kong [13]. - Despite being an early mover, Baidu faces challenges such as regulatory hurdles and financial constraints, but its strong relationships with regulators and solid financial position provide a foundation for its ambitions [14].

Core Viewpoint - Tariffs imposed on China, Mexico, and Canada are negatively impacting stock prices, presenting a buying opportunity for investors to acquire quality stocks at reduced prices [1] Group 1: Tariffs Impact - The tariffs on China, Mexico, and Canada are leading to a decline in stock prices [1] - The stock prices referenced were from the afternoon of March 2, 2025, indicating a specific timeframe for the observed market conditions [1] Group 2: Investment Opportunity - The current market conditions are creating an opportunity to purchase excellent stocks at a lower cost [1]

Uber said Wednesday (March 5) that it is now offering rides in autonomous vehicles in Austin, Texas, and will later do the same in Atlanta.Riders who opt in for this offering on the Uber app in Austin could be matched with an autonomous vehicle from Waymo, Uber said in a Wednesday press release.“With Waymo’s technology and Uber’s proven platform, we’re excited to introduce our customers to a future of transportation that is increasingly electric and autonomous,” Uber said in the release.Riders who request a ...