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Uber Technologies Inc - UBER STOCK NEWS

Welcome to our dedicated news page for Uber Technologies (Ticker: UBER), a resource for investors and traders seeking the latest updates and insights on Uber Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Uber Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Uber Technologies's position in the market.

Rhea-AI Summary
Uber Technologies, Inc. (NYSE: UBER) reported strong financial results for Q2 2023. Gross Bookings grew 16% YoY to $33.6 billion, with Mobility Gross Bookings at $16.7 billion (+25% YoY) and Delivery Gross Bookings at $15.6 billion (+12% YoY). Trips grew 22% YoY to 2.3 billion. Revenue increased 14% YoY to $9.2 billion. Net income was $394 million, including a $386 million benefit from net unrealized gains. Adjusted EBITDA was $916 million, up 152% YoY. Operating cash flow was $1.2 billion, and free cash flow was $1.1 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.68%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.09%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
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Rhea-AI Summary
RideCo and Uber have formed a partnership to offer transit agencies overflow options. This integration allows agencies to scale and implement alternative transportation options while minimizing disruption. RideCo's technology enables personalized mobility options with convenient booking, increased coverage, and reduced wait times. The partnership aims to achieve greater operational efficiency and higher productivity while enhancing rider equity. The integration provides agencies flexibility in offering transit services, including after-hours ride requests, low-density areas, and peak demand. Uber's integration simplifies the booking and payment process. The partnership aims to make public transit more equitable and comprehensive.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
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partnership
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
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partnership
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
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partnership
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
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none
Uber Technologies Inc

NYSE:UBER

UBER Rankings

UBER Stock Data

156.70B
2.07B
0.17%
83.76%
2.6%
Taxi Service
Transportation and Warehousing
Link
US
San Francisco

About UBER

Uber Technologies, Inc, commonly referred to as Uber, is a transportation conglomerate that mainly provides taxi services where individuals can hail a taxi in an app on their phone.