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.
Uber Technologies, Inc. (NYSE: UBER) announced that CEO Dara Khosrowshahi will participate in a fireside chat hosted by UBS on Tuesday, December 14, 2021, at 7:00 AM PT (10:00 AM ET). A live webcast will be available on the Uber investor relations website. Uber, founded in 2010, aims to provide opportunities through movement, having facilitated over 25 billion trips since inception. The platform continues to innovate in how people and things move in urban environments.
Hims & Hers Health has launched its largest on-demand delivery partnership with Uber Technologies, allowing customers to order personal care products via the Uber Eats app in 12 major U.S. cities, including Los Angeles and Miami. This initiative is expected to enhance accessibility to various health and wellness products, including sexual wellness and skincare items. The partnership is described as a game-changer by Hims & Hers COO Melissa Baird, aiming for further expansions in the future.
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Uber Canada has partnered with Tokyo Smoke to launch an innovative online ordering system for cannabis in Ontario. Through the Uber Eats app, consumers can now easily order Tokyo Smoke's cannabis products and pick them up at physical stores. This initiative is a first for a delivery network company, aiming to enhance convenience and safety in cannabis purchasing. Orders are fulfilled within an hour, and protocols ensure compliance with age regulations. This collaboration is expected to combat the illegal market and improve road safety among cannabis consumers.
Uber Technologies has launched Uber One, a new membership program offering special pricing, priority service, and exclusive perks across rides and deliveries. For $9.99 monthly or $99.99 annually, members receive 5% discounts on eligible rides and delivery orders, $0 delivery fees on qualifying purchases, and access to premium support. A special promotion offers the annual plan at $49.99 until November 29. Uber One aims to enhance everyday experiences for customers while navigating daily services.
Uber Freight has acquired Transplace from TPG Capital for approximately $2.25 billion in an all-cash deal. This acquisition aims to integrate Uber Freight's network with Transplace's technology to create a leading logistics platform. The deal is partially financed by $550 million from Abu Dhabi Growth Fund, D1 Capital, and GCM Grosvenor. Together, they will manage $16 billion in freight and provide greater efficiencies and cost reductions for shippers and carriers across North America and Europe.
Uber Technologies will hold its fourth quarter 2021 financial results conference call on February 9, 2022, at 2:00 p.m. PT. The company will also host an Investor Day on February 10, 2022, starting at 8 a.m. PT in San Francisco. Both events will be accessible via a live webcast on Uber's Investor Relations website. The company emphasizes its ongoing commitment to transparency through its website and other communication channels.
Serve Robotics has partnered with Uber Technologies (NYSE: UBER) to introduce an on-demand robotic delivery service for Uber Eats customers in Los Angeles, set to launch early next year. Founded in 2017 as a robotics division of Postmates, Serve aims to enhance affordable, sustainable delivery through its autonomous technology. The CEO of Serve expressed optimism about the partnership, highlighting its potential to improve convenience for merchants and customers. The collaboration seeks to offer a safe, reliable, and environmentally friendly delivery option.
Uber Technologies reported record Gross Bookings of $23.1 billion for Q3 2021, a 57% YoY increase, despite a net loss of $2.4 billion, impacted by a $2.0 billion revaluation of equity investments. Revenue surged 72% YoY to $4.8 billion, bolstered by a $123 million accrual release related to UK driver classification claims. Adjusted EBITDA reached $8 million, marking its first profitable quarter as a public company. Mobility and Delivery segments also showed robust growth, with Mobility Gross Bookings up 67% YoY and Delivery up 50% YoY. Unrestricted cash stood at $6.5 billion.
Uber Technologies announced a partnership with Bed Bath & Beyond and buybuy BABY to introduce a new baby and kids vertical in the Uber Eats app. This feature enables parents to order essential items for their families with ease. Starting November 1, 2021, products from nearly 120 buybuy BABY and over 750 Bed Bath & Beyond locations will be available for on-demand delivery. To celebrate, Uber is offering $20 off orders of $60 or more until November 11. Additionally, Uber is donating $200,000 to Baby2Baby, a nonprofit that provides essential items to children in need.