Uber Announces Massive Buyback Program: Will it Aid the Bottom Line?

Key Takeaways Uber authorizes an additional $20B stock repurchase, following its first-ever $7B program in 2024.The move underscores confidence in rideshare and delivery growth, while boosting shareholder value.In 2024, Uber generated $6.9B free cash flow and $6.5B adjusted EBITDA, showing strong financial health.San Francisco, CA-based Uber Technologies (UBER) , which provides ride-hailing, food delivery and freight (leasing vehicles to third parties) services through its Mobility, Delivery and Freight seg ...