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) has priced $1.5 billion of 4.50% Senior Notes due 2029, aimed at qualified institutional buyers and non-U.S. persons. The notes, which will accrue interest semiannually from February 15, 2022, will be guaranteed by Uber's subsidiaries. Proceeds are intended for financing cash consideration related to the acquisition of Transplace by Uber Freight. The offering is subject to customary closing conditions and hasn't been registered under the Securities Act.
Uber Technologies, Inc. (NYSE: UBER) plans to offer $1.5 billion in Senior Notes due 2029, targeting qualified institutional buyers and non-U.S. persons. The proceeds will finance part of the cash consideration for the acquisition of Transplace by Uber Freight. The notes are unregistered under the Securities Act and may not be sold in the U.S. without proper registration. This press release includes forward-looking statements regarding the offering and the acquisition, subject to various risks and uncertainties that may affect actual outcomes.
Uber Technologies reported robust financial results for Q2 2021, with Gross Bookings soaring 114% YoY to $21.9 billion. Mobility Gross Bookings reached $8.6 billion (+184% YoY), while Delivery saw $12.9 billion (+85% YoY). Revenue increased by 105% YoY to $3.9 billion. Although the net income was $1.1 billion, there was an Adjusted EBITDA loss of $(509) million. CEO Dara Khosrowshahi highlighted investments in driver availability, which contributed to future growth prospects.
Uber Technologies, Inc. (NYSE: UBER) has formed an exclusive partnership with FTD, LLC to offer on-demand flower delivery through Uber Eats, marking its first national floral partnership. Starting in major cities like New York and Los Angeles, customers can order flowers via the Uber Eats app, with nationwide availability expected by early 2022. The collaboration promises 5% discounts and $0 delivery fees for Uber Pass subscribers. This deal aims to enhance consumer convenience and expand Uber's service offerings as it continues to evolve in the on-demand commerce landscape.
Uber Freight has announced its acquisition of Transplace for approximately $2.25 billion, consisting of $750 million in Uber stock and the rest in cash. This acquisition, expected to enhance Uber Freight's logistics technology and operational efficiency, combines their vast carrier network with Transplace's shipper solutions, addressing current challenges in the logistics landscape. The deal is pending regulatory approval and aims to accelerate Uber Freight's profitability, targeting to break even on an Adjusted EBITDA basis by the end of 2022.
On July 21, 2021, Uber and Costco launched a grocery delivery pilot across 25 Texas locations, allowing Costco members to receive deliveries via Uber and Uber Eats. The minimum order is $35, with free delivery for Uber Pass and Eats Pass holders. This initiative marks Uber's first collaboration with a food wholesaler in the U.S., expanding its grocery delivery footprint. Following a recent national partnership with Albertson's Co., Uber aims to meet consumer demand for quick deliveries. The pilot is currently available in Dallas, Austin, and Houston.
Uber Technologies (NYSE: UBER) has announced the launch of its on-demand and scheduled grocery delivery service across over 400 cities in the U.S., marking a significant expansion in its grocery offerings. This initiative is supported by a partnership with Albertsons Companies (NYSE: ACI), encompassing 1,200 stores. Since its 2020 launch, Uber has seen growth, serving nearly 3 million consumers monthly. Major U.S. cities like San Francisco and New York City are included in the coverage, indicating Uber's commitment to enhancing convenience for customers in accessing grocery essentials.
Uber Technologies, Inc. (NYSE: UBER) will conduct its quarterly conference call on August 4, 2021, at 1:30 p.m. Pacific Time to discuss Q2 2021 financial results. Investors can access the live webcast and earnings materials on Uber’s Investor Relations website. The call will also be available for replay for at least 90 days. Uber plans to continue using its Investor Relations website for disclosing nonpublic information, urging investors to stay updated through various official channels.
Uber Technologies (NYSE: UBER) has announced that CFO Nelson Chai will participate in a fireside chat at the 2021 Evercore ISI TMT Conference on June 7, 2021, scheduled for 6:30 am PT (9:30 am ET). A live webcast of this event will be accessible via the investor relations section of Uber's website, ensuring investors can follow the discussion.
Uber aims to create opportunity through movement, having completed over 15 billion trips since its inception in 2010.
Uber Technologies (NYSE: UBER) announced that CEO Dara Khosrowshahi will participate in a fireside chat at the 2021 J.P. Morgan Technology, Media and Communications Conference on May 25, 2021, at 2:55 pm PT (5:55 pm ET). A live webcast will be accessible through the investor relations section of the Uber website. This event is part of Uber's ongoing commitment to engage with investors and share insights into the company's strategic direction.
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