It’s shellved.Following salty backlash, Uber Eats removed part of its Super Bowl ad that had roasted people with peanut allergies.The minute-long commercial, which centers around forgetfulness, features Jennifer Aniston, David Schwimmer, David Beckham, his wife, Victoria, as well as rapper Jelly Roll and Usher, who is slated to perform at halftime. In one scene, a man who has broken out in hives and sports a swollen eye can be seen eating from a peanut butter jar before remarking: “There’s peanuts in peanu ...

After ride-hailing and delivery platform Uber Technologies Inc. reported quarterly results last week, the blurbs swept in from analysts. They cheered the company’s more consistent profitability and the prospect of an investor-payout plan, growth in ride demand and gains in the segment that allows other businesses to advertise in the app. And they cited its potential to become a bigger part of local economies by transporting more people, takeout, groceries and other goods from one spot to another. One said U ...

It has been a strong few quarters for consumer technology platforms. Inflation is coming down, gross domestic product is growing quickly, and consumer spending keeps climbing.After worries of an economic malaise in 2022, most world economies have regained a solid footing. Growing consumer spending -- especially in travel and entertainment -- has been a boon to many stocks. Uber Technologies (UBER -0.98%) is one of the big beneficiaries of a healthy consumer. The stock has soared 185% since the start of 2023 ...

Ride-hailing outfit Uber Technologies (UBER -0.98%) has done it again: The company just reported another strong quarter of top and bottom-line growth for the fourth quarter of 2023. It's increasingly difficult to argue this industry pioneer's business model isn't viable.But fiscal viability isn't the same thing as being investment-worthy. Is this stock actually worth owning? For risk-tolerant investors who can stomach above-average volatility, Uber stock is worth buying, even after its recent ascent to reco ...

Uber Eats will provide Co-op members with discounted prices whenever they order from the supermarket while using the delivery app, in a UK supermarket first. Discounts on 250 Co-op products will be available on the app for customers who enter their membership number before checkout. It comes after the two companies partnered up in 2022, providing users with access to Co-op deliveries from around 1,000 of its UK stores. Chris Conway, Co-op's e-commerce director, said: “Growing and innovating our online chann ...

Uber (NYSE: UBER) stock price is thriving as the company continues to consolidate its market share around the world. In the US, it has continued to beat Lyft, its closest competitor, which has been languishing from a competitive and profitability side. Uber shares have surged in the past four straight months and are now sitting at their all-time high. Its market cap has jumped to over $147 billion. Uber’s strength continued to show this week after the company published strong financial results and delivered ...

Analysts at Wedbush see a high likelihood of Uber Technologies Inc (NYSE:UBER) announcing a round of share buybacks after a confident fourth quarter. Uber reported robust fourth-quarter results, exceeding consensus estimates with gross bookings of $37.6 billion (a 22.2% year-over-year increase) and adjusted EBITDA safely above estimates. Growth was driven by an 80% increase in non-UberX mobility products and a $7 billion run rate in grocery/retail delivery bookings, showing a 40% year-over-year increase. Ub ...

Key TakeawaysUber posted better-than-expected earnings as bookings surgedUber's profits were boosted by expense reductions including layoffsUber CFO said the company will provide an update on returning capital to shareholders next week.Uber Technologies Inc. (UBER) on Wednesday posted better-than expected fourth quarter earnings. However, the Uber stock in early trading slipped as much as 4% but recovered to make up the losses, perhaps on the chief financial officer (CFO)'s hints of an impending stock buyba ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Uber logo appears above a trading post on the floor of the New York Stock Exchange, Aug. 16, 2019. Uber posted its first full-year profit since going public in 2019 and its stock hit an all-time high Wednesday, Feb. 7, 2024, as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expe ...

Uber Technologies’ most recent fourth-quarter results, released Wednesday (Feb. 7), show increased cross-selling among members taking advantage of mobility and delivery, and increased use of the platform with a growing roster of users.Supplementals released by the company detail that the active consumers were up 15% year on year to 150 million.Trips taken, overall, were up 24% to 2.6 billion, which means that the monthly trips per active user stood at 5.8 in the most recent quarter, up from 5.4 a year ago, ...