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.
On March 1, 2021, RideKleen and Uber Technologies announced an expansion of their vehicle sanitization and maintenance program, following a successful pilot in Atlanta and Phoenix. The collaboration enhances safety for Uber drivers, riders, and vehicles by offering services in 12 new markets, including major cities like Orlando, Baltimore, and Los Angeles. Uber drivers can access sanitization and maintenance services through RideKleen, designed to ensure vehicle safety. Notably, 90% of surveyed drivers felt safer after using these services.
PayPal (NASDAQ: PYPL) has partnered with Uber (NYSE: UBER) to facilitate access to COVID-19 vaccines by providing free or discounted rides to vaccination sites in the U.S. The initiative, which follows Uber's previous commitment to offer 10 million rides, includes a $5 million donation from PayPal to enhance transportation access. This collaboration, supported by various organizations, aims to address transportation barriers in underserved communities and is part of PayPal's broader commitment to support minority and women-owned businesses, including a $535 million investment.
Uber Technologies (NYSE: UBER) announced that CEO Dara Khosrowshahi will deliver a keynote address at the 2021 Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 2:00 PM ET (11:00 AM PT). A live webcast will be available for viewing on Uber's investor relations page at investor.uber.com. Since its launch in 2010, Uber has provided over 15 billion trips, striving to enhance mobility and accessibility in cities.
Uber Technologies reported financial results for Q4 and full-year 2020, noting a 16% decline in revenue year-over-year to $11.1 billion. Gross bookings of $57.9 billion fell 11% YoY, with Mobility down 50% YoY but Delivery surged 130% YoY. A net loss of $968 million was recorded, attributed partly to $236 million in stock-based compensation. Monthly Active Platform Consumers rose 19% QoQ to 93 million. The company aims for improved profitability in 2021, supported by strategic acquisitions, including Postmates and Drizly.
Walgreens and Uber Technologies, Inc. (NYSE: UBER) have partnered to enhance access to COVID-19 vaccines for underserved communities. This collaboration aims to tackle barriers to health equity, including education and transportation. Key initiatives include providing free transportation to vaccine sites, facilitating ride scheduling through Uber, and launching educational programs to combat vaccine hesitancy. Uber has committed to offering up to 10 million free or discounted rides, while Walgreens expands its services in socially vulnerable areas. This partnership seeks to ensure equitable vaccine distribution as availability increases.
Uber Technologies announced its Eat Local campaign, committing $20 million to support independent restaurants during COVID-19 challenges. This initiative includes $4.5 million in microgrants for financially struggling restaurants, waived fees for Uber Eats services, and reduced delivery fees for consumers. Additionally, the company will match consumer contributions to restaurants. The aim is to bolster local businesses as they face unprecedented difficulties, particularly during winter. Uber’s continued financial support underscores its dedication to partner success.
Uber Technologies, Inc. (NYSE: UBER) has agreed to acquire Drizly, the leading on-demand alcohol marketplace, for approximately $1.1 billion in stock and cash. Following the transaction, Drizly will become a wholly owned subsidiary of Uber, integrating with the Uber Eats app while maintaining its own platform. This acquisition aims to enhance Drizly’s growth with Uber’s technology and expansive consumer base, allowing merchants to benefit from improved delivery logistics. The deal awaits regulatory approval and is expected to complete in the first half of 2021.
Uber Technologies (NYSE: UBER) is expanding its on-demand prescription delivery service to New York City, partnering with Nimble. This follows successful pilots in Texas cities such as Dallas and Austin. Through the Uber Eats app, New Yorkers can transfer existing prescriptions or fulfill new ones from local pharmacies, although controlled substances and government-paid prescriptions are excluded. This initiative is aimed at enhancing convenience for consumers while supporting neighborhood pharmacies, according to executives from both companies.
Uber Technologies, Inc. (NYSE: UBER) will host its quarterly conference call on February 10, 2021, at 1:30 PM PT (4:30 PM ET) to discuss its fourth quarter and full year 2020 financial results. Interested parties can access the live webcast and related materials on Uber’s Investor Relations website. A replay will be available for at least 90 days. The company emphasizes its commitment to using the Investor Relations site for disclosing material nonpublic information as part of its regulatory obligations.
Moderna (Nasdaq: MRNA) and Uber (NYSE: UBER) have announced a partnership to enhance COVID-19 vaccine uptake. The collaboration will begin with providing vaccine safety information through Uber's app and will explore options like in-app ride scheduling for immunization appointments. Uber previously committed to offering 10 million free or discounted rides to facilitate access to vaccines, especially in underserved communities. Both companies aim to expand this initiative globally, reinforcing vaccine education and accessibility efforts.
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