Core Viewpoint - Uber Technologies Inc. is projected to double in value by 2030, despite recent price target reductions from major financial institutions [1][2]. Group 1: Price Target Adjustments - UBS has lowered its price target for Uber from $122 to $111 while maintaining a Buy rating [1]. - Bank of America Securities reduced its price target from $96 to $93, also keeping a Buy rating, citing uncertainty regarding autonomous vehicles as a short-term pressure [2]. Group 2: Revenue and Market Position - Bank of America noted that consistent revenue growth and improved margins by 2025, along with a more predictable autonomous vehicle landscape, should drive valuation growth in the long term [2]. - BofA emphasized Uber's advantage in the autonomous vehicle market, particularly through its collaboration with Nvidia, which could accelerate the implementation of Level 4 autonomous technology [3]. Group 3: Business Segments - Uber operates in three main segments: Mobility, Delivery, and Freight, across various regions including the US, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific [4].

Financial Data and Key Metrics Changes - In Q4 2025, Uber achieved a gross bookings increase of 22% year-over-year, reaching an annual run rate of 15 billion trips and over 200 million monthly active users [4] - The company generated $8.7 billion in adjusted EBITDA, representing a 35% margin, and $9.8 billion in free cash flow, up 42% year-over-year [4] Business Line Data and Key Metrics Changes - The introduction of new products, such as the Moto product, has significantly contributed to user growth by attracting new segments [29] - The Reserve product has shown strong performance, particularly among suburban users seeking reliability for time-sensitive trips [30] Market Data and Key Metrics Changes - 60% of Uber's mobility gross bookings are generated internationally, indicating a strong presence outside the U.S. [23] - The company noted that growth in less dense markets is approximately 1.5-2 times faster than in major cities, contributing to overall user growth [31] Company Strategy and Development Direction - Uber is focusing on six strategic areas, including autonomous vehicles (AVs), which are seen as a multi-trillion-dollar opportunity [4][5] - The company aims to leverage its global scale and sophisticated marketplace technology to enhance its AV strategy and partnerships with various AV providers [15][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of AVs, viewing them as a net positive for the overall market rather than a competitive threat [14] - The company is optimistic about maintaining user growth momentum, with a year-over-year increase in monthly active users from 14% to 18% [32] Other Important Information - Prashanth Mahendra-Rajah will step down as CFO, with Balaji Krishnamurthy taking over the role, indicating a transition in leadership [7][10] - The company is committed to returning 50% of free cash flow to shareholders while also making strategic investments in growth opportunities [42][43] Q&A Session Summary Question: Impact of AV ramps from competitors on market share and profitability - Management views the introduction of AVs as a growth driver for markets, with bookings accelerating in cities like San Francisco and Austin [14][15] Question: Strategic priorities for maintaining user growth momentum - The strategy includes introducing new products, targeting different demographics, and expanding into less dense markets [29][30] Question: Concerns about AV technology leading to a winner-takes-most scenario - Management believes that the AV market will have multiple suppliers and that Uber's extensive network will provide a competitive advantage [38][41] Question: Capital allocation philosophy regarding free cash flow and investments - The company plans to balance reinvestments in growth with returning cash to shareholders, maintaining aggressive stock buybacks [42][43] Question: Factors driving acceleration in U.S. trips and gross bookings - Consistent pricing and insurance reforms are expected to enhance demand elasticity, contributing to growth [49][50] Question: Stages and timeline for deploying AVs on Uber's network - Initial deployments will focus on meeting consistent demand, with plans to scale as OEMs ramp production [75][76]

Financial Data and Key Metrics Changes - In Q4 2025, Uber achieved a gross bookings increase of 22% year-over-year, reaching an annual run rate of 15 billion trips and over 200 million monthly active users [4] - The company generated $8.7 billion in adjusted EBITDA, representing a 35% margin, and $9.8 billion in free cash flow, up 42% year-over-year [4] Business Line Data and Key Metrics Changes - The introduction of new products, such as the Moto product, has significantly contributed to user growth by attracting new segments [29] - The Reserve product has shown higher margins and has successfully introduced new customers, particularly in suburban areas [30] Market Data and Key Metrics Changes - 60% of Uber's mobility gross bookings are generated internationally, indicating a strong presence outside the U.S. [23] - The company noted that growth in less dense markets is approximately 1.5-2 times faster than in major cities, contributing to overall growth [31] Company Strategy and Development Direction - Uber is focusing on six strategic areas, including autonomous vehicles (AVs), which are seen as a multi-trillion-dollar opportunity [4][5] - The company aims to leverage its global scale and sophisticated marketplace technology to enhance its AV strategy and partnerships with various AV manufacturers [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of AVs, viewing them as a net positive for the overall market rather than a competitive threat [14] - The company is optimistic about maintaining user growth momentum, with a year-over-year increase in monthly active users from 14% to 18% [32] Other Important Information - Prashanth Mahendra-Rajah will step down as CFO, with Balaji Krishnamurthy taking over the role, indicating a transition in leadership [7][10] - The advertising business has exceeded previous growth targets, with potential for further expansion in delivery advertising [82] Q&A Session Summary Question: Impact of AVs on market share and profitability - Management views the introduction of AVs as a growth driver, with bookings in cities like San Francisco accelerating despite competition [14] Question: Strategic priorities for maintaining user growth - The strategy includes introducing new products, targeting different demographics, and expanding into less dense markets [29][30] Question: Capital return philosophy and free cash flow commitment - The company plans to maintain a 50% free cash flow return to shareholders while also investing in growth opportunities [43] Question: Factors driving acceleration in U.S. trips and gross bookings - Consistent pricing and insurance reforms are expected to enhance demand elasticity, contributing to growth [49] Question: Stages of AV deployment and scaling - Initial deployments will focus on consistent supply, with future scaling dependent on OEM production capabilities [75][76] Question: Long-term potential of delivery advertising - The advertising business is expected to grow significantly, with enterprise advertising catching up to SMBs [82]

Core Viewpoint - Analysts forecast that Uber Technologies (UBER) will report quarterly earnings of $0.79 per share, reflecting a year-over-year decline of 75.4%, while revenues are expected to reach $14.28 billion, an increase of 19.4% compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised downward by 4.9% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Revenue Estimates - Analysts estimate 'Revenue- Mobility' will reach $8.27 billion, a year-over-year increase of 19.6% [5]. - 'Revenue- Freight' is projected at $1.28 billion, indicating a slight increase of 0.2% year-over-year [5]. - 'Revenue- Delivery' is expected to be $4.72 billion, reflecting a 25% increase compared to the previous year [5]. Geographic Revenue Breakdown - 'Geographic Revenue- Latin America' is estimated at $883.37 million, a 21.5% increase year-over-year [6]. - 'Geographic Revenue- United States and Canada' is projected to be $7.21 billion, showing a 14.2% increase [6]. - 'Geographic Revenue- Europe, Middle East and Africa' is expected to reach $4.23 billion, a 17.9% increase [7]. - 'Geographic Revenue- Asia Pacific' is estimated at $1.58 billion, reflecting an 18.7% increase [7]. Key Metrics - Analysts predict 'Gross Bookings - Total' will be $53.08 billion, compared to $44.20 billion in the previous year [7]. - 'Monthly Active Platform Consumers (MAPCs)' are expected to reach 198, up from 171 year-over-year [8]. - 'Trips' are projected to total 3,704, an increase from 3,068 in the same quarter last year [8]. - 'Gross Bookings - Delivery' is estimated at $24.76 billion, compared to $20.13 billion in the previous year [8]. - 'Gross Bookings - Mobility' is expected to reach $27.07 billion, up from $22.80 billion in the same quarter last year [9]. Market Performance - Uber shares have remained unchanged over the past month, while the Zacks S&P 500 composite has increased by 0.9% [9].

Core Viewpoint - United Parcel Service (UPS) is undergoing a significant restructuring that will result in the elimination of up to 30,000 jobs in 2023, highlighting the financial impact of its separation from Amazon amid increasing competition [1] Company Summary - UPS is implementing a major restructuring plan that includes cutting up to 30,000 jobs this year [1] - The separation from Amazon has proven to be costly for UPS, indicating challenges in maintaining profitability and competitiveness [1] Industry Summary - The logistics and delivery industry is facing intensified competition, which is influencing companies like UPS to make drastic operational changes [1] - The restructuring efforts by UPS reflect broader trends in the industry as companies adapt to evolving market conditions and competitive pressures [1]

Group 1 - A class action has been filed on behalf of investors who purchased Coupang, Inc. (NYSE: CPNG) securities between April 6, 2025, and December 16, 2025 [1] - Coupang is described as one of the fastest-growing technology and commerce companies globally, offering services such as retail, restaurant delivery, video streaming, and fintech under various brands [1] Group 2 - Robbins LLP is investigating allegations that Coupang failed to disclose a material cybersecurity event, which included inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months [2] - The allegations also state that Coupang was subjected to a heightened risk of regulatory and legal scrutiny due to this data breach and failed to report it in compliance with applicable reporting rules [2] - Following the revelation of the data breach, Coupang's stock price fell, negatively impacting investors [2] Group 3 - Shareholders interested in serving as lead plaintiffs in the class action must submit their papers to the court by February 17, 2026 [3] - Participation in the case is not required to be eligible for recovery, and shareholders can choose to remain absent class members [3] Group 4 - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [4] - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]

Core Viewpoint - Grab is focusing on AI-driven delivery solutions while showing signs of growth, margin improvement, and funding opportunities [1] Company Overview - Grab's current stock price is $5.27, reflecting a 3.54% increase, with a market capitalization of $21 billion [2] - Since its IPO in 2020, Grab's stock has decreased by 56% [2] - The trading volume reached 70.7 million shares, which is approximately 52% above the three-month average of 46.5 million shares [2] Recent Developments - Grab announced the acquisition of Infermove, a China-based AI robotics firm, which is expected to enhance its delivery capabilities [3][5] - The acquisition of Infermove's AI-powered Carri robots will facilitate the "first mile" and "last mile" delivery processes, as well as applications in warehousing and retail [5] Market Potential - Analysts project that the last-mile robotics delivery market could reach a value of $20 billion by 2027, indicating a strategic move for Grab to expand its delivery network in Southeast Asia [6] - Grab has experienced a 17% annual sales growth over the past five years and has recently achieved profitability, positioning it as a promising growth stock [6]

Group 1 - A class action has been filed on behalf of investors who purchased Coupang, Inc. (NYSE: CPNG) securities between April 6, 2025, and December 16, 2025 [1] - Coupang is described as one of the fastest-growing technology and commerce companies globally, offering services in retail, restaurant delivery, video streaming, and fintech under various brands [1] - Allegations include that Coupang failed to disclose a material cybersecurity event, which allowed a former employee to access sensitive customer information for nearly six months without detection [2] Group 2 - The complaint states that Coupang had inadequate cybersecurity protocols, leading to a heightened risk of regulatory and legal scrutiny [2] - It is alleged that when Coupang became aware of the data breach, it did not report it in compliance with applicable reporting rules to the U.S. Securities and Exchange Commission [2] - Following the revelation of the breach, Coupang's stock price fell, negatively impacting investors [2]

Core Viewpoint - A class action has been filed against Coupang, Inc. for failing to disclose a significant cybersecurity event that impacted the company, leading to a decline in stock price and harming investors [2]. Group 1: Class Action Details - The class action is on behalf of all investors who purchased Coupang securities between April 6, 2025, and December 16, 2025 [1]. - Robbins LLP is investigating allegations that Coupang had inadequate cybersecurity protocols, allowing a former employee to access sensitive customer information for nearly six months without detection [2]. - The complaint states that Coupang did not report the data breach in compliance with applicable reporting rules, which heightened the risk of regulatory and legal scrutiny [2]. Group 2: Participation and Representation - Shareholders interested in serving as lead plaintiff for the class action should contact Robbins LLP, as the lead plaintiff represents other class members in directing the litigation [3]. - Investors do not need to participate in the case to be eligible for recovery, and they can remain absent class members if they choose not to take action [3]. Group 3: Company Background - Coupang is described as one of the fastest-growing technology and commerce companies globally, offering services in retail, restaurant delivery, video streaming, and fintech under various brands [1].

Group 1: Emerging Markets Overview - Emerging markets (EMs) are projected to lead global growth in 2026, with GDP growth forecasted in the range of 4% to 4.5%, driven by expanding middle classes and increasing digital adoption [2] - The rising consumer spending in emerging markets is reflected in the use of smartphones for digital payments across various sectors, including cafés, transit kiosks, and street shops [1] Group 2: Investment Opportunities - Companies in the "everyday economy" sectors such as payments, mobility, delivery, and value-oriented consumer brands are expected to benefit from the GDP growth in emerging markets [2][3] - DLocal (NASDAQ: DLO) is highlighted as a key player providing payment processing and pay-in solutions across emerging markets, enhancing consumer access and operational efficiency for businesses [3][4] - DLocal's financial metrics indicate strong revenue growth, improving profitability, and record-setting free cash flow, with expectations for continued strength into 2026 [4] Group 3: Analyst Insights - Analysts have increased coverage and price targets for DLocal, with a consensus indicating a potential upside of 15% and a high-end target suggesting up to 50% [5] - Factors contributing to the positive outlook for DLocal include a new CEO, turnaround efforts, improved financial clarity, and confidence in long-term growth, alongside upcoming catalysts such as the 2026 World Cup [5] Group 4: Other Notable Companies - Grab Holdings (NASDAQ: GRAB) is positioned as a leading "superapp" in Southeast Asia, offering ride-hailing, delivery, and fintech services, supported by its first-mover advantage and aggressive technology investments [6][8] - Arco Dorados is undergoing a digital transformation that is expected to drive growth and margin recovery [6]