We've also got a look at Toast's earnings report and how AI is pressuring Chegg. In this podcast: To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. This video was recorded on May 8, 2024. Mary Long: Uber hits a speed bump. You're listening to Motley Fool Money. I'm Mary Long joined live from Colorado in our podcast studio today with the one, the on ...

Trends in UBER's Revenue from International Markets During the quarter, Asia Pacific contributed $1.19 billion in revenue, making up 11.8% of the total revenue. When compared to the consensus estimate of $1.37 billion, this meant a surprise of -12.73%. Looking back, Asia Pacific contributed $1.19 billion, or 11.9%, in the previous quarter, and $1.03 billion, or 11.7%, in the same quarter of the previous year. Of the total revenue, $710 million came from Latin America during the last fiscal quarter, accounti ...

Wall Street analysts expect significant gains from the ride-sharing giant despite recent disappointments.The latest round of quarterly earnings announcements has been full of ups and downs for the overall stock market. The S&P 500 index is down slightly since the end of March.One component of the S&P 500 has done more than its fair share to pull the benchmark index down. Uber Technologies (UBER -1.38%) has fallen about 12% since the end of March.Uber recently announced quarterly results that were less than ...

The ridesharing company continues to show tremendous profit potential.Shares of Uber Technologies (UBER 2.30%) dipped following its first-quarter earnings results. The company continued to show solid top- and bottom-line growth, but Jefferies analyst John Colantuoni attributed the stock's fall to a rare miss in mobility bookings.Uber's mobility bookings grew 26% year over year in the quarter, which was below expectations. However, Uber said this included a one-point headwind from de-consolidating the non-ri ...

Uber outperformed revenue expectations in Q1 2024 with the help of gross bookings jumping 20% year over year.Global ride-hailing leader Uber Technologies (UBER 2.50%) announced its Q1 2024 earnings on Wednesday, May 8, delivering results that came in just above analysts' estimates on revenue. Revenue of $10.13 billion for the quarter topped 2023's total by 15%. Adjusted EBITDA saw an 82% rise, reaching $1.4 billion, reflecting Uber's growing operational efficiency and profitability. Despite the gains, a net ...

Key PointsUber shares dropped yesterday following the Company's Q1 earnings report.Though they topped expectations on revenue, forward guidance came in light.There are several reasons to see this as a golden buying opportunity. 5 stocks we like better than Uber TechnologiesOn a day when the broader market managed to finish flat, if not slightly up, shares of Uber Technologies, Inc. NYSE: UBER dropped more than 5%. It could have been worse, with the ride-sharing Company's stock trading down almost 10% at one ...

The ride-hailing company Uber (UBER) stock fell about 5.7% on May 8, 2024 following the release of first-quarter results. Revenue met estimates while gross bookings fell short. Uber’s net loss widened to $654 million from $157 million in the same quarter last year due to revaluations of Uber's investments.Uber Technologies came up with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of $0.21. This compares to loss of $0.08 per share a year ago. Total revenues of $10,131 million beat ...

Uber lost some of its "most frequent customers" thanks to the rise of remote working, its CEO said.Dara Khosrowshahi made the observation during the company's Q1 earnings call.That trend is reversing somewhat though, and "people are getting back to work," Khosrowshahi said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Ema ...

Key TakeawaysThe S&P 500 was essentially flat on Wednesday, May 8, 2024, as Fed officials struck a cautious tone on rate cuts and more companies reported quarterly results.Uber shares sank after the ridesharing giant posted an unexpected net loss for the first quarter as investment revaluations weighed on profitability.Shares of electric power generator Vistra Corp. surged on their first day as a component of the S&P 500. Major U.S. equities indexes were mixed on Wednesday. The rally dating back to last wee ...

Uber Technologies (UBER) reported a loss of 32 cents per share in the first quarter of 2024. The Zacks Consensus Estimate was pegged at 21 cents. In the year-ago quarter, UBER incurred a loss of 8 cents.Total revenues of $10,131 million beat the Zacks Consensus Estimate of $10,076 million. The top line jumped 15% year over year.In the reported quarter, the majority (55.6%) of the company’s revenues came from Mobility. Revenues from this segment jumped 30% year over year to $5,633 million. Revenues from the ...