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 reported Q1 2021 financial results with gross bookings of $19.5 billion, a 24% YoY increase. Mobility gross bookings fell 38% YoY to $6.8 billion, while delivery bookings surged 166% to $12.5 billion. Revenue stood at $2.9 billion, impacted by a $600 million UK accrual, but grew to $3.5 billion without it. Uber incurred a net loss of $108 million, which included $281 million in stock-based compensation. Adjusted EBITDA improved by 41% YoY to $(359) million, showing potential for recovery. Unrestricted cash totaled $5.7 billion at quarter-end.
Uber Technologies and Gopuff have formed an exclusive partnership that will integrate Gopuff's everyday essentials delivery service into the Uber Eats app. This collaboration, launching in over 95 cities this June, marks a first for both companies, enabling Uber to enhance its grocery and essentials delivery offerings. Gopuff, known for its rapid delivery from 250+ fulfillment centers, will provide customers with various product categories. Uber Eats users will enjoy $0 delivery fees on Gopuff orders over $15, leveraging the substantial growth in demand for convenience and grocery delivery.
Uber Technologies (NYSE: UBER) and Walgreens have launched a new feature allowing users to book vaccination appointments and schedule Uber rides to those appointments via the Uber app. This initiative aims to eliminate transportation barriers for COVID-19 vaccinations across the U.S. Users will see a "Vaccine" option in the app, facilitating appointment scheduling and ride booking. The partnership has already facilitated free rides to vaccination clinics and includes the creation of a Vaccine Access Fund with an initial $11 million investment to assist underserved communities.
Uber announces a partnership with empowerDX to provide FDA-authorized at-home COVID-19 testing kits via on-demand delivery in over two dozen cities across the U.S. The kits, which can be ordered without a prescription, are covered by most insurance carriers and are designed for symptomatic and asymptomatic individuals. Results are typically available within 24 hours. This initiative aims to enhance access to COVID-19 testing and reflects Uber's commitment to addressing public health challenges amid the ongoing pandemic.
Marriott Bonvoy, the travel program of Marriott International (NASDAQ: MAR), has partnered with Uber (NYSE: UBER) to allow members to earn points on food deliveries via Uber Eats and select Uber rides. Members can earn six points per dollar spent on Uber Eats deliveries at Marriott hotels and three points per dollar on Uber XL, Comfort, and Black rides, with a minimum $25 spend. Users who link their accounts and complete a qualifying transaction by May 31 will receive 2,000 bonus points. This initiative aims to enhance member engagement while encouraging travel and everyday usage.
On April 12, 2021, PayPal (PYPL), Uber (UBER), and Walgreens (WBA) launched the Vaccine Access Fund, aimed at helping underserved communities access COVID-19 vaccinations. The coalition is contributing $11 million to cover free rides to vaccination sites. Customers can also donate directly through the Uber app. The initiative addresses transportation barriers, especially in communities hit hardest by the pandemic. Funds will be managed by the Local Initiatives Support Corporation (LISC) to enhance health equity.
Uber Technologies, Inc. (NYSE: UBER) is set to hold its quarterly conference call on May 5, 2021, at 1:30 p.m. PT to discuss its Q1 2021 financial results. The call will be available via live webcast on Uber’s Investor Relations website. A replay will be accessible for 90 days. Additionally, a Current Report on Form 8-K has been filed with the SEC, providing insights into recent business trends. Investors are encouraged to monitor the Investor Relations site for nonpublic material information and other company announcements.
On March 16, 2021, MilliporeSigma, Akamai Technologies (AKAM), Synopsys (SNPS), and Uber (UBER) signed significant power purchase agreements with Enel Green Power for a combined 111 MW of renewable energy from the Azure Sky wind project in Texas. This aggregation deal allows companies with smaller energy needs to jointly procure renewable energy, promoting sustainability goals. MilliporeSigma will source 68 MW, Akamai 18 MW, Synopsys 15 MW, and Uber 10 MW of the total capacity. The project aims to generate approximately 430,000 MWh annually, equivalent to the energy consumption of about 40,000 US homes.
Uber and Lyft have launched the Industry Sharing Safety Program, aiming to enhance safety in the ridesharing sector by sharing deactivation information related to serious safety incidents, including sexual and physical assaults. Administered by HireRight, the program will collect and manage data from participating companies, ensuring adherence to safety standards and privacy measures. Open to other transportation services, the initiative seeks to create a safer community and improve driver screening processes. Industry leaders, including Tony West from Uber and Jennifer Brandenburger from Lyft, endorse the collaborative effort.
Uber Technologies, announced that Andrew Macdonald, Senior Vice President of Mobility, will engage in a fireside chat at the Truist Technology, Internet, and Services Summit on March 10, 2021. The event is scheduled for 10:30 am ET (7:30 am PT). A live webcast will be accessible through the Uber investor relations webpage.
Uber, founded in 2010, aims to create opportunities through efficient movement, having facilitated over 15 billion trips.
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