Welcome to our dedicated page for Uber Technologies news (Ticker: UBER), a resource for investors and traders seeking the latest updates and insights on Uber Technologies stock.
Uber Technologies, Inc. (NYSE: UBER) regularly issues news that reflects its role as a technology platform for mobility, delivery, and freight. Company updates often highlight how Uber is expanding the ways people, food, and things move through cities, in line with its mission to create opportunity through movement. These announcements provide insight into new partnerships, product offerings, and geographic initiatives across its apps.
Recent news underscores Uber’s activity in grocery and retail delivery. The company has announced the addition of nearly 2,700 Kroger Family of Companies locations to the Uber, Uber Eats, and Postmates apps, allowing customers to order groceries and household essentials for on-demand or same-day delivery. Other releases describe the expansion of Uber’s retail selection with regional and national partners, as well as the addition of brands such as PacSun, Camping World, and Lush to its delivery platform.
Uber’s news flow also covers developments in autonomous mobility and delivery. Press releases describe robotaxi collaborations with partners including Lucid, Nuro, WeRide, and Avride, featuring pilot and commercial services in locations such as Abu Dhabi, Dubai, and Dallas. Additional announcements detail autonomous delivery partnerships with Starship Technologies and Coco Robotics, which integrate sidewalk and urban delivery robots into the Uber Eats experience.
Investors and users following UBER news can expect coverage of quarterly earnings conference calls, segment and metric updates, new non-GAAP reporting measures, capital markets transactions, and expansions of Uber’s hybrid network of human drivers and autonomous vehicles in development. This news page aggregates these items so readers can review how Uber’s mobility, delivery, and freight activities evolve over time.
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Uber Technologies (NYSE: UBER) has expanded its delivery offerings by partnering with Little Caesars, the third-largest pizza chain globally. This expansion enables delivery from thousands of Little Caesars outlets through the Uber Eats app across the United States. Customers can now order popular menu items, including the newly relaunched Pretzel Crust Pizza, with special offers for Uber One members, featuring up to 10% off and $0 delivery fees on eligible orders over $15.
Consumers can enjoy innovative features, such as group ordering and easy reordering, enhancing the convenience of their pizza delivery experience. This strategic partnership is expected to boost Uber Eats' user engagement and broaden Little Caesars' customer base, supporting Uber's goal of improving selection and reliability in food delivery services.
Uber Technologies (NYSE: UBER) has expanded its partnership with Cartken to include automated food deliveries in Fairfax, Virginia, following a successful pilot program in Miami, Florida. Beginning today, the service will be available at select merchants in the Mosaic District, including Our Mom Eugenia, Pupatella, and RASA. Cartken’s AI-powered robots aim to enhance convenience for Uber Eats consumers in the area.
The collaboration emphasizes both companies' commitment to innovation in autonomous technology, providing a unique delivery experience. With over 40 restaurants in the Mosaic District, the program is poised to grow, enhancing customer engagement and operational efficiency.
Uber Technologies has partnered with PetSmart to integrate over 1,600 of its locations into the Uber Eats app for on-demand delivery in the US, Canada, and Puerto Rico. This marks Uber's first national pet care partnership, enhancing its grocery and retail offerings.
Customers can enjoy a $0 delivery fee for Uber One members plus discounts on their purchases, with promotional offers available until May 31. The service aims to provide convenience for pet owners needing essential supplies quickly. Uber's grocery business has expanded significantly, now including over 100,000 retail partners. This collaboration reflects Uber's strategy to meet the growing consumer demand for efficient delivery services.
Uber Technologies, Inc. (NYSE: UBER) is set to hold its quarterly conference call on Tuesday, May 2, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time) to discuss its first quarter 2023 financial results. Investors can access a live webcast and earnings release materials on Uber's Investor Relations website. A replay of the conference call will be available for at least 90 days. Uber emphasizes that its Investor Relations website will be used to disclose material nonpublic information, encouraging investors to monitor it alongside press releases, SEC filings, and webcasts. Founded in 2010, Uber's mission is to create opportunities through movement, having completed over 3 billion trips worldwide.
Uber Technologies recently featured Sarah-Marie Martin, VP of Corporate Development & Capital Markets, on ICR’s "Welcome to the Arena" podcast. The discussion centered on her background in investment banking and experiences as a woman in a male-dominated field. Martin highlighted Uber's future direction, focusing on the company's strategic initiatives and growth potential. The podcast, which includes insights from various industry leaders, aims to shed light on factors driving value in public and private equity-backed companies. It has been airing bi-weekly since its launch in August 2021.
Uber Eats (NYSE: UBER) has launched a new Certified Virtual Restaurant Program aimed at enhancing virtual restaurant operations for US restaurants. In partnership with Virtual Dining Concepts, Nextbite, and Acelerate, the program allows merchants to access high-quality virtual restaurant concepts, providing a streamlined operational experience. With over 40,000 virtual storefronts already in existence, the initiative focuses on menu quality and customer satisfaction. Participating restaurants can leverage established brands such as MrBeast Burger and Scratch Chicken, gaining access to expert support and marketing strategies tailored for delivery.
Uber Technologies, Inc. (NYSE: UBER) has partnered with Tampa International Airport to introduce mobile ordering at over 20 concession locations, enhancing convenience for the airport's 21 million visitors annually. This move follows Uber's successful operations at Toronto Pearson Airport and pilot programs at other U.S. airports. Beginning March 2023, travelers and airport staff can order ahead and skip lines, improving their overall experience. Uber One members will also benefit from discounts on eligible orders. This partnership aims to alleviate the stress of obtaining food and necessities quickly in busy airport environments.
Uber Technologies, Inc. (NYSE: UBER) announced today that CEO Dara Khosrowshahi will participate in a keynote at the 2023 Morgan Stanley Technology, Media and Telecom Conference on March 6, 2023. The event is scheduled for 10:25 AM PT (1:25 PM ET). A live audio webcast of the keynote will be accessible on the investor relations section of the Uber website at http://investor.uber.com. Uber's mission is to create opportunity through movement, having facilitated over 37 billion trips since its inception in 2010.
Uber Technologies reported robust financial results for Q4 2022, with Gross Bookings of $30.7 billion, a 19% YoY increase, driven by Mobility Gross Bookings of $14.9 billion (+31% YoY). Revenue soared 49% YoY to $8.6 billion, with a significant contribution from UK business model changes. Net income was $595 million, albeit slightly down from Q4 2021. Adjusted EBITDA surged to $665 million, marking a substantial increase. The company expects Q1 2023 Gross Bookings growth of 20-24% YoY. Despite a cash outflow due to HMRC VAT claims in the UK, unrestricted cash at quarter-end totaled $4.3 billion. Uber emphasizes strong demand and record margins heading into 2023.
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