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.
Toast (NYSE: TOST) and Uber (NYSE: UBER) have expanded their partnership to help restaurants reduce costs and reach more diners with commission-free delivery. This new integration between Toast Delivery Services and Uber Direct will enable restaurants across the U.S. to save on delivery fees, expand their delivery radius, and use Uber's extensive delivery network for local deliveries of orders made by phone and through Toast's digital ordering channels, including Online Ordering, Branded Mobile App, and Local by Toast (formerly Toast TakeOut) app.
Since 2021, Toast and Uber have partnered to deliver orders made through the Uber Eats app. With this expanded partnership, restaurants can now offer local delivery for sales made from their Toast digital ordering channels and by phone, while accessing commission-free delivery for a low flat fee per order. Uber Direct is used by various businesses including restaurants, grocers, and retailers. The expanded integration aims to provide restaurants with more choice and help them maximize their margins.
Uber Technologies (NYSE: UBER) announced that CFO Prashanth Mahendra-Rajah will participate in a fireside chat at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11. The session is scheduled for 1:20pm PT (4:20pm ET) and will be accessible via audio webcast on Uber's investor relations website.
Since its founding in 2010 with the goal of providing ride access at the touch of a button, Uber has facilitated more than 55 billion trips. The company continues to focus on its mission of creating opportunity through movement, developing products that transform how people, food, and things move through cities.
Uber Eats announces a new partnership with Stew Leonard's, making the farm fresh food store's products available for delivery across New York, New Jersey, and Connecticut locations. Customers can order through the Uber Eats and Uber apps, accessing exclusive items like Christmas Cookie Milk and chef-made guacamole. Uber One members receive $0 delivery fees and 5% discount on orders over $35, while all customers can enjoy up to 50% off orders of $50+ through November 25th. The partnership offers various products including heat-and-serve items, gameday favorites, and fresh bakery treats from Bethy's Bakery.
Uber Technologies reported strong Q3 2024 results with record profitability. Gross Bookings grew 16% year-over-year to $41.0 billion, while Revenue increased 20% to $11.2 billion. The company achieved a milestone with over $1 billion in GAAP operating income for the first time. Net income was $2.6 billion, including a $1.7 billion benefit from equity investment revaluation. Adjusted EBITDA rose 55% to $1.7 billion, with margin improving to 4.1%. The platform now has over 25 million Uber One members and processed 2.9 billion trips during the quarter. For Q4 2024, Uber expects Gross Bookings of $42.75-44.25 billion and Adjusted EBITDA of $1.78-1.88 billion.
Uber Eats has launched nationwide acceptance of SNAP EBT payments, partnering with Albertsons Companies' grocery stores (including Safeway, Jewel-Osco, and Vons) and Walgreens locations. The initiative aims to expand access to nutritious food for millions of Americans. EBT cardholders will receive free delivery on their first three SNAP-eligible orders and a 3-month free Uber One membership. The service, powered by Forage's payment technology, allows eligible customers to order groceries through the Uber Eats app using their SNAP benefits. Uber plans to add more retailers to the program in the coming months.
Uber Technologies, Inc. (NYSE: UBER) has announced its upcoming third quarter 2024 financial results conference call, scheduled for Thursday, October 31st, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). Investors and interested parties can access the live webcast and earnings release materials on Uber's Investor Relations website at investor.uber.com. The conference call replay will be available for at least 90 days.
Uber emphasizes its commitment to transparency by using its Investor Relations website as a platform for disclosing material nonpublic information and complying with Regulation FD. The company advises investors to monitor this website alongside press releases, SEC filings, and public presentations for comprehensive information.
Founded in 2010, Uber has facilitated over 52 billion trips to date, focusing on its mission to create opportunity through movement. The company continues to innovate in urban transportation for people, food, and goods delivery.
Uber Technologies, Inc. (NYSE: UBER) and Avride have announced a multiyear strategic partnership to integrate Avride's delivery robots and autonomous vehicles into Uber and Uber Eats services. The collaboration will begin with sidewalk robots on Uber Eats in Austin in the coming weeks, expanding to Dallas and Jersey City later this year. The mobility partnership for riders in Dallas is expected to launch next year.
Avride's unique advantage lies in developing both autonomous cars and delivery robots with mutually enhancing technologies. The company's delivery robots are already operational in the U.S. and South Korea, while its autonomous cars are being tested on public roads. Avride plans to expand its robot fleet within Uber Eats to hundreds in 2025, followed by the launch of its robotaxi service.
Uber Technologies (NYSE: UBER) has announced a new partnership with Spirit Halloween, North America's largest Halloween retailer. This collaboration allows customers across the United States and Canada to shop for Halloween costumes and seasonal decor through Uber Eats, Postmates, and the Uber app. Spirit Halloween is opening 1,525 locations in 2024, offering a wide range of costumes, accessories, and exclusive décor items.
The Spirit Halloween catalog will be available on Uber apps at the same prices as in-store. Uber One members will enjoy $0 Delivery Fee and a 5% discount on Spirit Halloween orders with a $35 minimum purchase. Additionally, all consumers can benefit from up to 40% off their next Spirit Halloween order of $50 or more through Halloween, subject to terms and conditions.
WeRide, a global autonomous driving technology company, and Uber Technologies, Inc. (NYSE: UBER) have announced a strategic partnership to bring WeRide's autonomous vehicles onto the Uber platform, starting in the United Arab Emirates. The partnership is set to launch first in Abu Dhabi later this year, with a dedicated number of WeRide vehicles available to consumers using the Uber app.
WeRide currently operates the largest robotaxi fleet in the UAE, accessible through the TXAI app. In July 2023, WeRide was granted the UAE's first and only national license for self-driving vehicles, allowing it to test and operate autonomous vehicles on public roads across the entire country.
The partnership aims to combine WeRide's technology with Uber's platform to deliver affordable, sustainable, and safe mobility solutions globally. However, the partnership does not contemplate any launches in the United States or China.
Darden Restaurants (NYSE: DRI) and Uber Technologies (NYSE: UBER) have announced an exclusive multi-year delivery partnership, starting with Olive Garden in late 2024. The collaboration will enable on-demand delivery through Olive Garden's channels, powered by Uber Direct. A pilot program will begin in late 2024, with national expansion expected by May 2025.
Key points:
- Guests can order delivery via Olive Garden's website and app
- Service will be available at over 900 company-owned locations across the U.S.
- Olive Garden retains guest data and insights
- Custom integration aims to preserve team member and guest experience
- Partnership addresses growing demand for home delivery while maintaining Olive Garden's competitive advantages
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