Under the partnership, only Uber users can hail Waymo's fleet of autonomous Jaguar I-PACE vehicles. Uber is inviting customers in Atlanta to join a list if they're interested in hailing a Waymo robotaxi as the companies prepare to launch a commercial service in the city. Uber and Waymo last September announced plans to offer a robotaxi service in Austin and Atlanta in early 2025 as part of an expanded partnership. In March, the companies started offering the "Waymo on Uber" robotaxi service in Austin, about ...

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. ...

Core Insights - Serve Robotics Inc. has launched its autonomous delivery service in the Dallas-Fort Worth metro area, marking a significant step in its plan to deploy 2,000 AI-powered delivery robots across the U.S. by the end of 2025 [1][7] Company Expansion - The service is now operational in the Uptown neighborhoods, reaching over 22,000 new households, allowing customers to receive meals via Serve's robots through the Uber Eats app [2][4] - The partnership with Uber Eats includes local merchants and extends to national partners like Shake Shack, enhancing the delivery options available to customers [2][5] Market Context - Dallas-Fort Worth is the fourth-largest and one of the fastest-growing metro areas in the U.S., with a well-developed sidewalk infrastructure that supports innovation [4] - Serve Robotics has established relationships with local stakeholders to ensure a smooth rollout, which is expected to create new jobs and contribute to the local economy [4] Technological Impact - Serve Robotics focuses on developing advanced, AI-powered, low-emissions delivery robots aimed at making delivery sustainable and economical [7] - The company has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven, indicating a strong operational foundation [7] Future Plans - Following the Dallas-Fort Worth launch, Serve Robotics plans to expand into additional U.S. markets throughout 2025, building on recent expansions in Los Angeles and Miami [5]

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 ...

Group 1 - WeRide, the first global robotaxi company, has announced a strategic partnership with Uber and the Dubai Roads and Transport Authority (RTA) to launch robotaxi autonomous driving services in Dubai, marking a significant milestone in the globalization of autonomous driving [1][2] - Since launching robotaxi services in Abu Dhabi in 2021, WeRide has established a leading position in the Middle East's autonomous driving sector, having received the UAE's first autonomous driving license in July 2023, allowing for testing and operation across public roads [1][2] - The partnership aims to convert 25% of Dubai's transportation to autonomous driving by 2030, as part of RTA's commitment to integrating top global technology companies into its transportation strategy [2][3] Group 2 - The collaboration will see WeRide's robotaxi services integrated into Uber's platform in Dubai, providing users with a seamless autonomous driving experience while exploring data compliance, safety protocols, and regulatory frameworks [2][3] - Uber's global head of autonomous driving and delivery operations emphasized the importance of this partnership in advancing the commercial application of autonomous technology and contributing to the vision of smart cities in the UAE [3]

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 ...