Group 1 - Waymo's robotaxis in Austin are outperforming human drivers, completing more trips per day than over 99% of them, with approximately 100 vehicles currently in operation [1] - Uber plans to scale the autonomous fleet in Austin to "hundreds" of Waymo vehicles and will launch Waymo's robotaxis on the Uber app in Atlanta later this year [2] - Competition is expected from Tesla, which is set to launch its own robotaxi service in Austin in June, raising concerns among Uber drivers about the long-term impact on their earnings [3] Group 2 - Uber has partnered with 18 autonomous vehicle companies, including Waymo and Volkswagen, to offer their vehicles on the Uber app, indicating a strategic shift from building its own robotaxis [4] - Uber's first-quarter earnings report showed revenue of $42.8 billion, which fell short of Wall Street's expectations of $43.1 billion, leading to a nearly 5% drop in stock price [5]

智通财经APP获悉，优步(UBER.US)2025年第一季度总预订量低于预期，拼车业务增长也出现放缓迹 象，这或许暗示在经济情绪不佳的背景下，消费者有减少支出的趋势。财报显示，优步Q1总订单量为 428 亿美元，略低于分析师预期的 431 亿美元，营收和营业利润均为 115 亿美元，同样不及预期。 当前经济环境也给优步带来一定挑战。受物价上涨和特朗普政府不断升级的关税政策影响，美国消费者 信心下降，3 月消费者信心降至四年最低水平。 为实现增长，优步正积极推进多项计划，包括将业务拓展至数百个新的城市，尤其是人口密度较低的地 区。目前，优步的出租车服务已覆盖美国及海外的 500 多个城市，第一季度年化总预订量同比增长 60%。 随着竞争对手Lyft Inc(LYFT.US)在美国试运营出租车业务并收购欧洲出租车应用 Freenow，出租车行业 竞争加剧。优步表示，在欧洲、中东和非洲地区，出租车出行占比超 10%。此外，优步重点发展自动 驾驶网约车业务，过去一年已签署十多项合作协议。 自 3 月以来，优步通过与谷歌(GOOGL.US )旗下 Waymo 的独家协议，在奥斯汀平台推出约 100 辆自动 驾驶出租车。 ...

Core Insights - Uber's first-quarter results for 2025 exceeded earnings expectations but fell short of revenue growth forecasts, leading to a 5% decline in shares [1] Financial Performance - Revenue grew approximately 14% year-over-year, reaching $11.53 billion, compared to $10.13 billion in the same period of 2024 [1][6] - Net income was around $1.78 billion, or 83 cents per share, a significant improvement from a net loss of $654 million, or 32 cents per share, in Q1 2024 [2] Business Segments - The ride-hailing and food delivery segments saw increased bookings, with mobility gross bookings at $21.18 billion (up 13% year-over-year) and delivery gross bookings at $20.38 billion (up 15% year-over-year) [7] - Monthly active platform consumers grew to 170 million, a 14% increase from the previous year, with users booking approximately 3.04 billion trips, an 18% rise year-over-year [2] Future Outlook - The company anticipates gross bookings between $45.75 billion and $47.25 billion for the current quarter, with EBITDA projected between $2.02 billion and $2.12 billion [3] - CEO Dara Khosrowshahi highlighted autonomous vehicle technology as a significant opportunity for Uber, with an annual run-rate of 1.5 million autonomous vehicle trips [3][4] Partnerships and Innovations - Uber has partnered with Waymo for robotaxi services in Austin, Texas, which has exceeded expectations, with Waymo vehicles operating more efficiently than 99% of drivers in the area [4] - Additional partnerships include collaborations with Volkswagen, Avride, May Mobility, and Aurora for autonomous ride-hailing and freight services, as well as international partnerships with WeRide, Pony.AI, and Momenta [5]

Core Insights - Uber reported Q1 2025 revenue of $11.53 billion, an increase from $10.131 billion in the same period last year, but slightly below market expectations of $11.61 billion [1] Financial Performance - Q1 2025 revenue: $11.53 billion - Q1 2024 revenue: $10.131 billion - Market expectation for Q1 2025: $11.61 billion [1]

Core Insights - Uber reported first-quarter revenue of $11.53 billion, slightly below the expected $11.62 billion [1] - The adjusted EBITDA for the first quarter was $1.87 billion, exceeding the expected $1.84 billion [1] Financial Performance - First-quarter revenue: $11.53 billion, compared to the expected $11.62 billion [1] - Adjusted EBITDA: $1.87 billion, against an expectation of $1.84 billion [1]

Overall Performance - Uber's Gross Bookings ARR reached $82 billion, a 18% year-over-year increase in Q1 2025[16] - Adjusted EBITDA ARR was $3.1 billion, up 45% year-over-year in Q1 2025[16] - Q1 2025 Adjusted EBITDA was $1.868 billion, a 35% year-over-year increase[47] - Uber's Q1 2025 revenue increased by 17% year-over-year to $11.533 billion[44] - Net income attributable to Uber Technologies, Inc was $1.776 billion[70] Segment Highlights - Delivery Gross Bookings grew 18% year-over-year[59] - Delivery Adjusted EBITDA was $763 million[59] - Mobility Gross Bookings grew 20% year-over-year[56] - Mobility Adjusted EBITDA was $1.753 billion[52] - Freight revenue was $1.260 billion[64]

Exhibit 99.1 Uber Announces Results for First Quarter 2025 Gross Bookings grew 14% year-over-year and 18% year-over-year on a constant currency basis Income from operations of $1.2 billion; Adjusted EBITDA of $1.9 billion, up 35% year-over-year Operating cash flow and Free cash flow of $2.3 billion SAN FRANCISCO – May 7, 2025 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2025. "We kicked of the year with yet another quarter of profitable growth at s ...

Core Viewpoint - The stock market has experienced volatility in 2025, with some stocks outperforming despite macroeconomic uncertainties, presenting potential investment opportunities [2][3]. Group 1: Uber Technologies - Uber's share prices have increased by 42% since the beginning of 2025, boosted by a $2.3 billion investment from billionaire Bill Ackman [5]. - The company has transformed into a strong cash-generating business, doubling its free cash flow to $6.9 billion in 2024, with expectations for continued growth [6]. - Uber is positioned to benefit significantly from the rise of autonomous vehicles, leveraging its existing user base of 171 million monthly users to support AV companies [7][8]. - The stock trades at approximately 3.5 times analysts' 2025 sales estimates, with a P/E ratio of 35, and analysts project a 36% earnings growth in 2026 [9]. Group 2: Celsius Holdings - Celsius experienced a rough start in 2025, with share prices falling due to disappointing fourth-quarter results, but the stock rebounded after announcing the acquisition of the fast-growing Alani Nu brand [10][11]. - The acquisition is expected to yield $50 million in cost savings within two years, positioning Celsius for growth [11][13]. - Analysts have adjusted their earnings estimates downward by about 10% due to tariff concerns, but the stock is considered a buy at an enterprise-value-to-forward-EBITDA ratio of 16 [14]. Group 3: Netflix - Netflix's stock has risen by 28% in 2025, primarily driven by strong performance in April, with first-quarter revenue increasing by 12.5% and operating margin expanding to 31.7% [15][16]. - The company anticipates 15.4% revenue growth in the second quarter, while maintaining a full-year operating margin guidance of 29% [16]. - Netflix's pricing power and the success of its ad-supported tier are expected to enhance revenue, with management projecting ad revenue to double this year [18]. - Despite trading at about 45 times forward earnings, Netflix has generated significant free cash flow, primarily used for share buybacks, supporting future earnings growth [19][20].

Mergers and Acquisitions - OpenAI plans to acquire Windsurf for approximately $3 billion, marking its largest acquisition to date aimed at enhancing its technological capabilities in the AI sector [2] - Intel is selling 51% of its stake in Altera to Silver Lake for an estimated valuation of $8.75 billion, as part of its strategy to improve its balance sheet [3] - Harman International is acquiring Masimo's audio business for $350 million, with the deal expected to close by the end of the year [4] - Infosys has reached a final agreement to acquire The Missing Link, an Australian cybersecurity firm, to strengthen its cybersecurity capabilities [5] - DoorDash is set to acquire UK-based food delivery company Deliveroo for approximately $3.9 billion, expanding its international footprint [6] - Uber plans to acquire 85% of Turkish food delivery platform Trendyol GO for about $700 million, pending regulatory approval [7] - Lyft is acquiring European ride-hailing app FreeNow for approximately €175 million ($197 million), with the deal expected to close in the second half of 2025 [8] - Hugging Face is entering the robotics field by acquiring Pollen Robotics, although the financial terms of the deal were not disclosed [9] - WPP is acquiring data collaboration platform InfoSum to enhance its AI-driven data services [10] - CleverTap is acquiring rehool.ai to strengthen its customer retention services [11] - Focus Media plans to acquire New潮传媒 for an estimated valuation of 8.3 billion yuan [13] - China Mobile intends to acquire approximately 15.46% of Hong Kong Broadband for about HKD 1.2 billion [14] - IBM has completed the acquisition of Hakkoda to expand its data transformation services [15] - FuboTV is under investigation by the U.S. Department of Justice regarding its acquisition by Disney, focusing on potential market concentration issues [19] - Universal Music's acquisition of Downtown Music is facing an EU investigation due to potential competitive impacts [20] - Onsemi has withdrawn its acquisition offer for Allegro Microsystems, citing reluctance from Allegro's board [21]

Group 1 - On May 6, two US-listed autonomous driving companies, WeRide (WRD.US) and Pony.ai (PONY.US), experienced significant stock price increases, with WeRide rising by 31.68% and Pony.ai soaring by 47.63%, marking an overall increase of over 2.4 times since April 23 [1][2] - Pony.ai announced a strategic partnership with Uber (UBER.US) on May 6, which will allow its autonomous taxi service (Robotaxi) to be integrated into the Uber platform, starting in a key Middle Eastern market later this year and expanding to more international markets [2][4] - The initial phase of the Robotaxi service will include a safety operator in the vehicle, transitioning to fully autonomous driving over time, as stated by Pony.ai's CEO James Peng [2] Group 2 - Uber has been actively collaborating with multiple companies in the autonomous driving sector, recognizing the potential in this field to compete with rivals like Tesla (TSLA.US) [3] - In 2024, Uber plans to partner with Waymo, Google's autonomous driving subsidiary, to launch autonomous vehicles in Austin and Atlanta by early 2025 [3] - Uber has also recently announced agreements with autonomous technology companies May Mobility and Momenta, further expanding its strategic initiatives in this area [4] Group 3 - WeRide's stock price surge on May 6 was attributed to the announcement of its expanded strategic cooperation with Uber, which aims to deploy Robotaxi services in 15 new international cities over the next five years, including regions in Europe and the Middle East [4][5] - WeRide had previously signed a strategic cooperation agreement with Uber in September of the previous year, and this recent announcement signifies a deepening of their partnership [5]