Uber Technologies Stock Price, News & Analysis

On May 16, 2022, Motional and Uber Technologies launched autonomous food deliveries on the Uber Eats network in Santa Monica, California. This partnership marks Uber Eats' first collaboration with an autonomous vehicle company. The service utilizes Motional's all-electric IONIQ 5 vehicles, designed for end-to-end delivery. This pilot aims to gather insights for future initiatives and enhance customer experience while paving the way for scalable automated delivery models across Los Angeles and beyond.

Uber Technologies, Inc. (NYSE: UBER) announced that CEO Dara Khosrowshahi will keynote at the Bank of America Global Technology Conference on Thursday, June 9, 2022, at 8:00 AM PT (11:00 AM ET). A recorded audio webcast will be accessible on Uber's investor relations page at http://investor.uber.com.

Founded in 2010, Uber aims to create opportunities through movement, having completed over 30 billion trips. The company continues to innovate in how people, food, and goods are transported in urban areas.

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.