Uber Technologies Inc UBER shares are up on Thursday, despite the company reporting an earnings miss for the fourth quarter.The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On Uber TechnologiesAnalyst Doug Anmuth reiterated an Overweight rating while cutting the price target from $95 to $90.Uber Technologies reported mixed results, with EBITDA in-line with consensus "rather than the usual high-end beat," Anmuth said in a note. Underlyi ...

I won't lie, Uber Technologies, Inc. (NYSE: UBER ) has been going through it lately. I guess that's the price you pay for a vision so long term. CEO Dara Khosrowshahi said on the earnings call that theI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my servi ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Uber Technologies (UBER) reported solid fourth-quarter 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings per share (EPS) of $3.21 outpaced the Zacks Consensus Estimate of 50 cents and improved more than 100% on a year-over-year basis.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Total revenues of $11.9 billion beat the Zacks Consensus Estimate of $11.7 billion. The top line jumped 20.4% year over year on a reported basis and 2 ...

Uber CEO Dara Khosrowshahi said that making driverless cars common in rideshare will take a while.He pointed to several issues, from safety to parking, as Uber released fourth-quarter earnings.Uber has been working with Waymo in some cities to offer driverless cars.Self-driving cars have a long way to go before they become common on Uber, the rideshare service's CEO said Wednesday. Developers of self-driving cars, such as Tesla and Waymo, are making the technology more common for riders in a few US cities, ...

As Uber strengthens its position in the market, its focus on expanding services and enhancing customer loyalty is paying off, with notable growth in both membership and demand across its platforms. Uber says it is entering 2025 with momentum, driven by a surge in its Uber One membership program and increased demand across its Mobility and Delivery services.During the company’s fourth-quarter and full-year earnings call Wednesday (Feb. 5), Chief Financial Officer Prashanth Mahendra-Rajah noted, “we’re leanin ...

Shares of ride-sharing company Uber Technologies (UBER -7.10%) dipped on Wednesday after the company reported financial results for the fourth quarter of 2024. The Q4 results were fine but the forward guidance fell short of what investors were hoping for. That's why Uber stock was down 7% as of 10:20 a.m. ET.The bookings outlook didn't satisfy investorsTo truly have a handle on Uber's business, investors need to understand its gross bookings. Gross bookings refers to the total dollar value of transactions o ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Uber Technologies (UBER) reported $11.96 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 20.4%. EPS of $3.21 for the same period compares to $0.66 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $11.76 billion, representing a surprise of +1.69%. The company delivered an EPS surprise of +542.00%, with the consensus EPS estimate being $0.50.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

Financial Data and Key Metrics Changes - Gross bookings growth on a constant currency basis exceeded expectations, achieving a 21% increase, surpassing the mid to high teens commitment [8][9] - Adjusted EBITDA grew 60% year on year, exceeding the high thirties to forty percent CAGR commitment [8] - Free cash flow conversion as a percentage of EBITDA was 106%, compared to the indicated 90% plus [9] Business Line Data and Key Metrics Changes - Mobility business saw a constant currency growth of 24% in Q4, with an EBITDA margin of 7.8% of gross bookings, up 30 basis points year over year [25][26] - Uber One membership program added five million members in the quarter, totaling 30 million members, a 60% year-on-year increase [7][26] - Delivery gross bookings accelerated quarter on quarter, with over a million active merchants, up 16% year on year [42][47] Market Data and Key Metrics Changes - The company is focusing on expanding into less dense areas, which have shown 1.5 times faster growth compared to more populated areas [38][39] - Latin America represents about a quarter of international gross bookings, with significant currency depreciation impacting top-line growth [66] Company Strategy and Development Direction - The company is investing aggressively in autonomous vehicle (AV) technology, viewing itself as a key partner for AV players [10][20] - The strategy includes expanding supply in less dense areas and enhancing product offerings to drive growth [35][41] - The company aims to balance top-line growth with bottom-line growth, maintaining a focus on premium products to fund lower-cost offerings [108][109] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong growth in Q1, despite foreign exchange headwinds, expecting gross bookings growth of 17% to 21% [9][61] - The company anticipates that the commercialization of AV technology will take longer than expected, but sees significant long-term opportunities [52][58] Other Important Information - The company announced a leadership change in the Investor Relations team, with Deepa Subramanian departing and Oji Krishnamurthy stepping in [112][113] Q&A Session Summary Question: Thoughts on investing in autonomous assets and core rides business profitability - Management is investing aggressively in autonomous assets and believes they are well-positioned for future growth [16][20][21] - The mobility profitability trends are expected to continue improving, with a focus on strong returns and growth potential [23][25] Question: Extending the network for rider growth and delivery user behavior - The company is focusing on less dense areas to drive growth and has observed higher growth rates in these regions [35][38] - User behavior in delivery is improving due to increased selection and merchant-funded offers [42][44] Question: AV market evolution and constant currency outlook - Management sees a significant opportunity in the AV market, expecting more players to emerge as technology develops [51][59] - The Q1 guidance reflects adjustments for external headwinds, with a focus on audience growth [61][63] Question: AV commercialization challenges and insurance costs - The company is optimistic about AV deployments in Phoenix and upcoming launches in Austin and Atlanta [75][77] - Insurance costs are expected to stabilize, with a projected high single-digit increase per trip in 2025 [78][80] Question: Business models with AVs and addressable market - There will be experimentation with various business models for AVs, with a focus on fleet partnerships [93][96] - The addressable market for AVs is expected to grow gradually, starting with 10-15% of the overall marketplace [99] Question: Pricing elasticity and future margins - Management believes pricing increases have been largely neutral and emphasizes a balanced approach to growth [107][109] - The company is confident in its ability to deliver on both top-line and bottom-line growth moving forward [109][110]