Uber Renews Global Maps Deal With TomTom: Growth Thesis Strengthening?

Core Insights - Uber Technologies has renewed its partnership with TomTom to integrate its maps, APIs, and live services into Uber's global platform, enhancing routing, fare calculations, and accuracy in complex locations [1][10] - The collaboration will utilize anonymized data from Uber trips to improve TomTom's mapping services, creating a feedback loop for real-time updates on road conditions [2][10] - This partnership builds on a long-standing relationship that began in 2015, with both companies exploring new location-based tools to enhance user experience [3] Company Developments - Uber's previous attempt to acquire Nokia's HERE mapping division for approximately $3 billion in 2015 was unsuccessful, leading to the partnership with TomTom [4] - Following the failed acquisition, Uber also acquired Microsoft's Bing Maps imagery division, which brought in talent and street-level data for autonomous vehicle development [5] Financial Performance - Uber's shares have decreased by 10.8% over the past six months, contrasting with a 69.6% growth in the Zacks Internet-Services industry during the same period [6] - The company currently trades at a 12-month forward price-to-sales ratio of 2.94X, indicating it is relatively inexpensive compared to its industry, with a Value Score of D [9] Earnings Estimates - The Zacks Consensus Estimate for Uber's earnings for the fourth quarter of 2025 and full-year 2025 has seen upward revisions over the past 60 days, indicating positive sentiment [12]