Uber has taken another step in its global autonomous strategy by activating fully driverless rides in Abu Dhabi, using WeRide's technology to anchor its Middle East expansion. The service went live on... ...

Core Viewpoint - Lyft (LYFT) has shown strong execution, with its stock price increasing approximately 38% since the last coverage, indicating growing market recognition of the company's performance [1] Group 1: Company Performance - Lyft's stock has risen significantly, attributed to effective operational strategies and market catalysts [1] Group 2: Market Sentiment - The recent stock performance suggests that market participants are beginning to take notice of Lyft's potential and operational success [1]

Core Insights - The focus is on identifying businesses with strong cash generation capabilities and competitive advantages that ensure their longevity over the next decade, targeting a minimum of 15% annualized returns or deeply discounted companies with marketable assets [1] Group 1: Investment Strategy - The investment strategy emphasizes the importance of strong cash flow and competitive advantages in selecting companies for investment [1] - There is a willingness to consider takeover targets, provided the underlying business remains robust enough to hold even if the acquisition does not materialize [1] - The investor has achieved an annualized time-weighted return of approximately 16% over three years and aims to continue outperforming this benchmark [1]

The most recent pullback in the broad market has pulled a lot of stocks with it, especially other large-caps, and high-beta large caps in particular. For Uber Technologies, Inc. ( UBER ), thisI manage portfolios and write about the world. Long signal, short noise. Macro strategist and investment advisor from Southern California. You can also find me on YouTube and Substack under my name; my weekly newsletter is called The Macro Obsession.Analyst’s Disclosure:I/we have a beneficial long position in the share ...

Lyft, Inc. ( LYFT ) reported Q3 '25 earnings last Wednesday, and the stock rose over 12% in the three trading days that followed, rising from $20.08 to $22.04. Management’s tone was overly optimistic, and the word “excited” was used around 9 timesI’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 th ...

Core Insights - The company reported an 18% growth in active riders in Q3, indicating strong performance driven by various factors including acquisitions and partnerships [1][2][3] - North America experienced record-high active rider growth, contributing to all-time high gross bookings and a 29% increase in adjusted EBITA for the quarter, alongside $1 billion in trailing 12-month free cash flow [2][3] - The company is focusing on disciplined investment strategies while pursuing growth opportunities in a large market, with 300 billion personal vehicle trips available across its service areas [5][6] Financial Performance - The company achieved adjusted EBITA growth of 29% in the latest quarter, reflecting strong operational performance [2] - Free cash flow reached $1 billion over the trailing twelve months, providing the company with the financial strength to pursue growth initiatives [2][6] - A share repurchase program is in place, with plans to complete a $500 million buyback by 2025, indicating a commitment to returning value to shareholders [6] Strategic Initiatives - The company is exploring partnerships and acquisitions to enhance its market position, including a recent deal with United Airlines [2][3] - There is a focus on developing a hybrid network that combines traditional driver services with autonomous vehicle (AV) opportunities, with projections that up to 10% of service volume could come from AVs in the long term [11][12] - The integration of a chauffeuring business into the core app is being considered, with premium service modes seeing a 50% year-over-year increase in Q3 [13][14] Market Positioning - The company aims to maintain an asset-light model while strategically investing in assets as the industry evolves, particularly in the context of electric vehicles (EVs) [10][11] - The competitive landscape includes significant players like Uber, prompting the company to remain disciplined in its growth strategies [4][6] - The company is leveraging its existing assets and partnerships to enhance service capabilities and drive synergies within its operations [9][14]

has the numbers, Matt. >> Hey, John. It is mixed results for Lyft.Those shares moving almost 5% lower in extended trade. Earnings coming in at 11 cents per share, beating the 8 cents that analysts were looking for. Revenue was essentially in line at 1.69% billion.Gross bookings, that's the total value of rides on the platform, were a slight beat at 4.78% billion. Active riders also came in ahead of estimates at 28.7% million. While profitability it was in line with adjusted Ibida of 139 million.Looking ahea ...

Michael Bur, the hedge fund manager of the big short fame, has two new targets, Nvidia and Palanteer. Bur who rose to fame for his 2008 bet against the US housing market, bought put options on the companies that was revealed in a 13F and that means he would profit from price declines. The disclosure comes just a few days after he posted crypto cryptic social posts about market exuberance.Joining us now for more on investing in tech is Max Wasserman, Myiar Capital co-founder and senior portfolio manager. Max ...

Core Insights - Uber Technologies, Inc. shares declined over 7% following disappointing guidance for the current quarter, despite better-than-expected third-quarter results [1] Financial Performance - The company reported an EPS of $1.20, exceeding expectations of $0.69, and revenue of $13.47 billion on a constant currency basis, surpassing estimates of $13.26 billion [1] - Adjusted EBITDA increased by 33% to $2.3 billion, representing a 4.5% margin on gross bookings compared to 4.1% a year earlier, slightly below Street expectations but above the midpoint of the company's guidance [2] - Gross bookings grew 21% year over year to $49.7 billion, maintaining the same growth rate on a constant currency basis [1][2] Operational Metrics - Uber completed 3.5 billion trips in the quarter, reflecting a 22% increase, supported by a 17% growth in monthly active platform consumers and a 4% rise in trips per consumer [2] Future Guidance - For the fourth quarter, Uber guided gross bookings to be between $52.25 billion and $53.75 billion, compared to a consensus of $52.33 billion, and projected adjusted EBITDA of $2.41 billion to $2.51 billion, implying a margin of 4.55% to 4.74% on gross bookings against a consensus of $2.49 billion and a 4.74% margin [3]

Core Insights - Uber Technologies reported strong third-quarter 2025 results, with earnings per share of $3.11 exceeding the Zacks Consensus Estimate of 67 cents, marking over 100% year-over-year growth [1][9] - Total revenues reached $13.46 billion, surpassing the Zacks Consensus Estimate of $13.26 billion, reflecting a 20.4% year-over-year increase [1][9] Revenue Breakdown - Mobility segment contributed 57% of total revenues, with a reported revenue of $7.68 billion, up 20% year-over-year, exceeding expectations of $7.50 billion [2] - Delivery segment revenues increased by 29% year-over-year to $4.47 billion, also surpassing the expected $4.06 billion [2] - Freight revenues remained flat at $1.30 billion year-over-year, falling short of the expected $1.31 billion [3] Financial Metrics - Adjusted EBITDA surged 33% year-over-year to $2.25 billion, within the guided range of $2.19 billion to $2.29 billion [3] - Total gross bookings rose 21% year-over-year to $49.74 billion, aligning with the guidance of $48.25 billion to $49.75 billion [5] Cash Flow and Debt - Operating cash flow for the quarter was $2.32 billion, with free cash flow at $2.23 billion [6] - Cash and cash equivalents increased to $8.43 billion from $6.43 billion in the previous quarter, while long-term debt rose to $10.6 billion from $9.57 billion [5] Future Guidance - For Q4 2025, Uber anticipates gross bookings between $52.25 billion and $53.75 billion, indicating year-over-year growth of 17-21% [7] - Adjusted EBITDA is expected to be in the range of $2.41 billion to $2.51 billion, suggesting a year-over-year growth of 31% to 36% [7]