Uber Technologies Stock Price, News & Analysis

Uber Technologies reported Q1 2022 results with Gross Bookings of $26.4 billion, a 35% increase YoY, exceeding guidance. However, it posted a net loss of $5.9 billion, largely due to $5.6 billion in unrealized equity investment losses. Adjusted EBITDA reached $168 million, with Mobility and Delivery segments showing strong performance. For Q2 2022, Uber anticipates Gross Bookings between $28.5 billion and $29.5 billion.

Uber Technologies, Inc. (NYSE: UBER) will release its first quarter 2022 financial results on May 4, 2022, at 4:00 a.m. Pacific Time. This announcement comes with a rescheduled quarterly conference call at 5:00 a.m. Pacific Time, aimed at providing timely updates on performance and guidance before the market opens. Investors can access the live webcast and earnings materials on Uber’s Investor Relations website. The company emphasizes that it will continue using this platform for disclosing important information.

Uber Technologies and Albertsons Companies announced an expansion of their partnership, now including over 2,000 grocery stores nationwide. This includes nearly 800 new locations for Uber Eats in states like Connecticut and Indiana for the first time. The partnership enhances grocery access through the Uber Eats app, allowing users to order from 'express' lanes with benefits for Uber One members. Since launching grocery delivery in July 2020, Uber's U.S. grocery offering has seen a 64% year-over-year growth, adding over 120,000 non-restaurant merchants.

Uber Technologies, Inc. (NYSE: UBER) will host its quarterly conference call to discuss Q1 2022 financial results on May 4, 2022, at 2:00 p.m. PT (5:00 p.m. ET). A live webcast and earnings release materials will be available on Uber’s Investor Relations website, with a replay accessible for at least 90 days. Uber emphasizes the use of its IR website for disclosing material information under Regulation FD, urging investors to monitor this site alongside press releases and SEC filings.

Uber (NYSE: UBER) has entered a strategic global partnership with bp to integrate over 3,000 retail locations on Uber Eats by 2025. This collaboration will expand their existing arrangements in countries such as Australia, New Zealand, Poland, South Africa, the UK, and parts of the US. The initiative aims to meet the increased consumer demand for convenience delivery, supporting bp's goal to enhance customer access. By leveraging Uber's robust delivery network, bp anticipates significant growth opportunities, including launching delivery options through its BPme app by the end of 2023.

Uber, in collaboration with It's On Us and The International Association of Campus Law Enforcement Administrators (IACLEA), is launching a safety awareness campaign aimed at college students as they approach spring break. Students will receive reminders via email and in-app notifications highlighting crucial safety features available on the Uber platform. Key tips include group travel, checking in with friends, being cautious at night, and utilizing the app's safety features like Verify Your Ride and Emergency Button. The initiative aims to enhance student safety through education.

Uber Technologies, Inc. (NYSE: UBER) announced that CEO Dara Khosrowshahi will deliver a keynote at the 2022 Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 3:00 PM PT (6:00 PM ET). A live audio webcast of the event will be accessible via the investor relations section of the Uber website at http://investor.uber.com. Since its inception in 2010, Uber has transformed transportation, completing over 30 billion trips, and aims to create opportunities through movement.

Uber reported robust financial results for Q4 2021, with Gross Bookings of $25.9 billion, a 51% increase year-over-year, and a net income of $892 million, benefiting from a $1.4 billion gain from equity investments. Adjusted EBITDA rose to $86 million, surpassing expectations. Mobility bookings reached $11.3 billion (+67% YoY), while Delivery bookings grew to $13.4 billion (+34% YoY). The company ended Q4 2021 with $4.3 billion in cash. Looking ahead, Uber predicts Q1 2022 Gross Bookings between $25 billion and $26 billion, with Adjusted EBITDA of $100 million to $130 million.

Wallbox (NYSE: WBX) and Uber (NYSE: UBER) are expanding their partnership across the U.S. following a successful pilot in the Bay Area. By April 2022, Uber drivers will have access to a discounted package for the Wallbox Pulsar Plus charger and installation. The rollout will occur in four phases starting in January 2022, covering key cities like Los Angeles and New York, and aims for nationwide availability. The partnership supports Uber's goal of achieving zero emissions by 2030, enhancing EV accessibility for drivers.