By Manya Saini and Niket Nishant (Reuters) -CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations. Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and evoking memories of the dot-com boom. "We should welcome the possibility that there would be drawdowns, 10% to 15%, that are not driven by some ...

Core Insights - Uber's freight business revenue remained stagnant at $1.31 billion in Q3, unchanged from the previous year, with a slight increase in adjusted EBITDA loss to $20 million from $19 million [1] - Overall, Uber reported record income from operations of $1.1 billion and adjusted EBITDA of $2.3 billion, reflecting a 33% year-over-year increase, driven by mobility and delivery segments [2] Financial Performance - Uber's trips grew by 22% and gross bookings increased by 21% to $49.7 billion, with delivery revenue surging by 29% and mobility growing by 20%, indicating a shift towards higher-margin services [5] - The company forecasts Q4 gross bookings between $52.25 billion and $53.75 billion, with adjusted EBITDA projected to reach up to $2.51 billion, representing growth of up to 36% year over year [6] Strategic Direction - CEO Dara Khosrowshahi emphasized the importance of innovation and execution in driving performance, highlighting the logistics ecosystem as central to Uber's future technology roadmap [3] - Plans to integrate human drivers and autonomous vehicles into a single marketplace were discussed, along with the intention to expand into local commerce and utilize generative AI for operational optimization [4]

Financial Data and Key Metrics Changes - Q3 2025 was an outstanding quarter for the company, with trips growing by 22%, marking the fastest growth since 2023 [5] - Gross bookings increased by 21%, while average pricing remained relatively flat, leading to record adjusted EBITDA and free cash flow [5] - The company expects continued strong performance in Q4, projecting high teens gross bookings growth and low to mid-30s EBITDA growth [5] Business Line Data and Key Metrics Changes - Mobility trips grew by 21%, significantly exceeding expectations, while delivery business saw its fastest growth in four years, with a four-point acceleration [5][21] - The grocery and retail segment is now at a $12 billion gross bookings run rate, growing significantly faster than restaurant delivery [7][22] Market Data and Key Metrics Changes - The U.S. market showed strong growth, particularly in cities with autonomous vehicles (AVs), where growth rates were more than twice that of other U.S. markets [24] - The mobility audience reached an all-time high of nearly 150 million users, indicating strong penetration opportunities in sparse markets [77] Company Strategy and Development Direction - The company has defined six strategic areas of focus, including enhancing trip experiences, integrating human drivers with AVs, investing in local commerce, and leveraging generative AI [6][8] - The company aims to deepen customer relationships and extend profitability through these strategic investments [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing growth trajectory, emphasizing the importance of cross-platform usage and the potential for increased consumer spending [12][51] - The partnership with NVIDIA is expected to enhance the company's AV capabilities and data collection efforts, contributing to future growth [14][80] Other Important Information - The company is actively working on improving its insurance strategy, which is expected to yield hundreds of millions in savings, allowing for lower fares across the U.S. [56][58] - The Uber One membership program continues to grow, with significant benefits for members, including cash back and exclusive offers [51] Q&A Session Summary Question: Can you discuss the path to increase the 20% of maps used in markets with mobility and delivery? - Management highlighted that only 20% of consumers are active across both businesses, with specific programs being set up to drive cross-platform behavior [11] Question: How is the delivery side of the business stimulating new user growth? - The delivery business has accelerated, with grocery and retail contributing to new consumer introductions to online food delivery [21][22] Question: What are the key investment areas for the European food delivery business? - The company maintains a leading position in Europe and plans to expand merchant selection and improve service reliability [31][32] Question: Can you elaborate on the margin flow-through in the quarter? - The company achieved an all-time high for margins at 4.5% of gross bookings, with a commitment to annual profit expansion [39][41] Question: What is the scale and quality of real-world data being collected for AVs? - The company is leveraging its rideshare network to collect valuable real-world data, which is crucial for training AV models [80]

Financial Data and Key Metrics Changes - Q3 2025 saw a 22% growth in trips, marking the fastest growth since 2023, with mobility trips growing by 21% [4] - Gross bookings increased by 21%, while average pricing remained relatively flat, leading to record adjusted EBITDA and free cash flow [4] - The company achieved an all-time high for margins at 4.5% of gross bookings, up approximately 40 basis points year over year [33] Business Line Data and Key Metrics Changes - The delivery business experienced its fastest growth in four years, with a significant acceleration attributed to investments in product improvements [17] - Grocery and retail gross bookings reached a run rate of approximately $12 billion, growing faster than restaurant delivery [5][18] - The mobility audience hit nearly 150 million users, an all-time high, with strong frequency growth contributing to overall trip growth [69] Market Data and Key Metrics Changes - The U.S. market showed strong growth, particularly in cities with autonomous vehicle (AV) operations, such as Austin and Atlanta, which grew faster than other U.S. markets [19] - International markets, particularly in LATAM and APAC, also contributed to trip growth, although pricing pressure was noted due to lower price points outside the U.S. [72] Company Strategy and Development Direction - The company has defined six strategic areas of focus, including enhancing trip experiences, integrating human drivers with autonomous vehicles, and expanding into local commerce [5][6] - The partnership with NVIDIA aims to develop L4-ready autonomous vehicles, with plans to scale operations significantly [11][12] - The company is focused on deepening customer relationships and extending profitability through investments in technology and cross-platform engagement [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance, expecting high teens gross bookings growth and low to mid-30s EBITDA growth in Q4 [4] - The company is optimistic about its position in Europe, where it has become a leading player in several markets, and plans to continue expanding merchant selection and improving service reliability [27][28] Other Important Information - The company is investing in generative AI to enhance productivity and optimize operations, which is expected to improve consumer experiences [6] - The Uber One membership program has seen significant growth, with benefits including cash back and exclusive offers, contributing to increased retention rates [44][45] Q&A Session Summary Question: Can you discuss the path to increase the 20% of maps used in markets with mobility and delivery? - Management noted that only 20% of consumers use both services, with specific programs being set up to drive cross-platform behavior [9][10] Question: How is the delivery side of the business stimulating new user growth? - The delivery business has accelerated, with grocery and retail contributing to new consumer introductions to online food delivery [17][18] Question: What are the key investment areas for the European food delivery business? - The company is focused on expanding merchant selection and improving service reliability in Europe, where competition is increasing [27][28] Question: Can you elaborate on the margin flow-through in the quarter? - EBITDA was up 33% year over year, with a focus on total profitability and annual profit expansion [33][35] Question: What is the scale and quality of real-world data being collected for AVs? - The company is leveraging its rideshare network to collect valuable real-world data, which is crucial for AV development [73][74]

Q3 2025 Performance Highlights - Thomson Reuters Q3 organic revenue grew by 7%, driven by a 9% increase in recurring revenue[13] - The "Big 3" (Legal, Corporates, and Tax & Accounting) experienced a 9% organic revenue growth[13] - Reported revenues increased by 3% to $1.8 billion[16] - Adjusted EBITDA increased by 10% to $672 million, with a margin of 37.7%, up 240 basis points[14] - Adjusted EPS increased by 6% to $0.85[14] Financial Outlook and Framework Updates - The company reaffirmed its FY 2025 outlook, expecting total and organic revenue to trend towards the lower end of the 3.0%-3.5% and 7.0%-7.5% ranges, respectively, while maintaining the Big 3 organic revenue growth outlook at approximately 9%[13] - For 2026, the company now anticipates adjusted EBITDA margin expansion of approximately 100 basis points and Free Cash Flow of approximately $2.1 billion[13] Capital Allocation and Liquidity - Thomson Reuters completed a $1.0 billion share buyback in October[13] - The company's net leverage stood at 0.6x as of September 30, with an estimated ~$9 billion of capital capacity by 2027[13] Segment Performance - Legal Professionals organic revenue grew by 9%, primarily driven by Westlaw and CoCounsel[13] - Corporates revenue increased by 10% to $0.5 billion[16] - Tax & Accounting Professionals revenue increased by 13% to $0.3 billion[16]

NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a global data and AI company, announced that it has been named a Leader in the ISG Provider Lens® Generative AI (GenAI) Services – Large and Midsize Global 2025 report. The report evaluates GenAI service providers in two categories: Strategy and Consulting and Development and Deployment Services. EXL was named a Leader in both Midsize categories for the second consecutive year, recognized for its ability to help enterprise leaders make informed ...

Core Insights - ACI Worldwide has acquired Payment Components, enhancing its capabilities in AI-powered financial messaging and Open Banking solutions [1][2] - The integration of Payment Components' technology into ACI Connetic aims to accelerate the development of a cloud-native unified payments platform [1][2] - Payment Components is recognized for its innovative software solutions that streamline transaction orchestration and enhance back-office connectivity [2] Company Overview - ACI Worldwide specializes in intelligent payments orchestration, providing software solutions that enable banks, billers, and merchants to modernize their payment infrastructures [2] - Payment Components, founded in 2014 in Greece, focuses on A2A payments, API management, and financial messaging, serving over 65 banks and institutions across 25 countries [2][3] - The acquisition includes Payment Components' technology, intellectual property, talent, and customer relationships, with a collaborative effort to enhance ACI Connetic's messaging features [2] Technology and Innovation - Payment Components leverages generative AI to simplify and accelerate payment processes, delivering more agile payment services [2] - The company aims to replace complex financial processes with AI-assisted components, reflecting a shift towards more efficient fintech solutions [3] - ACI Worldwide's strategy combines an international footprint with local presence to address evolving payment challenges and opportunities [2]

Uber Technologies, Inc. Q3 2025 Earnings Supplemental Data November 4, 2025 1 Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Costs and Operating Expenses; Trailing Twelve Months Adjusted EBITDA; Trailing Twelve Months Free Cash Flow; Free Cash Flow as well as revenue g ...

By Manya Saini and Niket Nishant (Reuters) -CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations. Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and evoking memories of the dot-com boom. "We should welcome the possibility that there would be drawdowns, 10% to 15%, that are not driven by some ...

Deloitte Tax has broadened its partnership with Snowflake, an AI-driven data cloud company, with the objective of updating tax data management practices. The expansion is focused on addressing challenges associated with cloud modernisation and aims to introduce enhanced data solutions and analytics for tax teams. The collaboration will concentrate on building foundational data systems, which are intended to help tax departments make better use of technology, lower integration expenses, and access both hi ...