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, ...

Uber has reported its first ever annual operating profit as a limited company, in a landmark moment for a business that spent billions of dollars of investors’ money in an aggressive and often controversial expansion around the world.The US taxi app company said it made $1.1bn (£870m) in 2023, compared with a loss of $1.8bn the year before.The milestone has prompted investors to speculate over whether Uber will buy back shares or even pay out a dividend to investors. Prashanth Mahendra-Rajah, Uber’s chief f ...

Uber Technologies (UBER) reported $9.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $0.66 for the same period compares to $0.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.75 billion, representing a surprise of +1.94%. The company delivered an EPS surprise of +340.00%, with the consensus EPS estimate being $0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Uber Technologies, Inc. (NYSE:UBER) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET Company Participants Alax Wang - Head, Investor Relations Dara Khosrowshahi - Chief Executive Officer Prashanth Mahendra-Rajah - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Ross Sandler - Barclays Justin Post - Bank of America Mark Mahaney - Evercore Ron Josey - Citi Deepak Mathivanan - Wolfe Research Operator Good morn ...