Uber's latest effort to become a super app is all about parking - MarketWatch# Uber's latest effort to become a super app is all about parking## Uber is buying the parking-reservations app SpotHero, as ride and delivery apps try to keep users engaged amid the rise of self-driving carsPublished: Feb. 23, 2026 at 6:03 p.m. ETShareResizeUber on Monday said it would buy parking-reservations app SpotHero. Photo: Getty ImagesAfter expanding into areas like food delivery and freight, ride-share platform Uber, in i ...

Core Insights - Uber Technologies (UBER) is reportedly in discussions to acquire parking startup SpotHero, which would enable Uber to offer reserved parking for drivers [1][10] - SpotHero, valued at approximately $290 million, operates in over 400 North American cities, allowing users to reserve parking spaces [2] - The acquisition would diversify Uber's revenue streams beyond its core ride-hailing business [2] Group 1: Business Expansion and Diversification - Uber has diversified its operations over time, expanding into food delivery and freight services, which is crucial for mitigating risks [3] - Recent partnerships, such as with ALDI, enhance Uber Eats by providing a selection of fresh groceries for delivery, further broadening its service offerings [4][10] - The acquisition of Dantaxi last year has positioned Uber as a leading mobility platform in Denmark, showcasing its commitment to growth through strategic acquisitions [4] Group 2: Financial Performance and Valuation - Uber's shares have increased by 26.5% over the past year, underperforming compared to the Zacks Internet-Services industry's growth of 58.9% [5] - The company trades at a 12-month forward price-to-sales ratio of 2.82X, which is considered inexpensive relative to its industry and competitor DoorDash [8] - The Zacks Consensus Estimate for Uber's earnings has shown positive revisions over the past 60 days, indicating an upward trend in earnings expectations [11]