NYSE:UBER

Uber Launches €41.50-a-Share Takeover Offer for Delivery Hero

Uber (NYSE: UBER) has formally launched its voluntary takeover offer for Delivery Hero after receiving approval from German regulator BaFin. The company is offering €41.50 in cash per share, representing a roughly 108% premium to Delivery Hero’s unaffected May 8 closing price. The acceptance period runs from August 27 through November 5, 2026.

The acquisition would significantly expand Uber’s global delivery footprint. The combined businesses would operate across 99 markets with pro-forma 2025 gross bookings of $236 billion, while the number of markets where Uber offers both mobility and delivery would nearly double from 34 to 58.

Uber already owns about 24.77% of Delivery Hero and has additional exposure through derivatives. Combined with an irrevocable commitment from Prosus covering roughly 16.68% of Delivery Hero shares, Uber’s total economic interest is approximately 53%. The deal remains subject to regulatory approvals and other closing conditions, with settlement expected in the second half of 2027.
Uber Launches Baidu Driverless Robotaxis in Dubai

Uber Technologies (NYSE: UBER) and Baidu (NASDAQ: BIDU) have launched fully driverless Apollo Go robotaxis on Uber’s platform in Dubai, marking the first commercial deployment under their multi-year autonomous-vehicle partnership.

Starting August 20, riders requesting UberX or Uber Comfort in select areas of Umm Suqeim and Jumeirah may be matched with Baidu’s autonomous vehicles. Customers can also select an “Autonomous” option in the Uber app to increase their chances of receiving a robotaxi.

Dubai Becomes Launchpad for Global Expansion

The service uses Baidu’s sixth-generation RT6, a purpose-built electric robotaxi equipped with more than 30 sensors. Dubai is expected to serve as the starting point for plans to deploy thousands of Apollo Go vehicles across Uber’s global network.

Baidu said Apollo Go now operates across 28 cities and has accumulated more than 350 million autonomous kilometers, including over 240 million kilometers without a human driver.

For Uber, the launch advances its strategy of becoming the distribution platform for autonomous mobility rather than developing its own self-driving technology. Uber now works with more than 30 autonomous-vehicle partners, allowing competing AV developers to access its large ride-hailing network.

The Dubai deployment is therefore strategically important for both companies: Baidu gains international distribution for Apollo Go, while Uber strengthens its position as a marketplace connecting autonomous fleets with riders.
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Uber Stock Jumps 5.5% as Citigroup Reiterates Market Outperform Rating

Uber Technologies (NYSE: UBER) shares are up about 5.5% after Citigroup reiterated its Market Outperform rating on the ride-hailing and delivery company, adding to positive investor sentiment around the stock.

The bullish rating reinforces confidence in Uber’s position as a global leader in mobility and food delivery. The company’s scale, extensive driver and customer network, and improving profitability give it a strong competitive position within the transportation technology sector.

Uber is also increasingly positioned as a potential beneficiary of autonomous driving rather than simply facing it as a competitive threat. The company has been building partnerships with autonomous-vehicle developers, seeking to use its large mobility platform as a distribution network for robotaxi services as the technology expands.

The 5.5% gain suggests investors are responding positively to the reiterated bullish analyst view, with Uber’s improving financial profile, dominant mobility platform and longer-term autonomous vehicle opportunity supporting sentiment.
Uber Partners With Zipline to Scale Drone Delivery Across U.S., Targets 1 Million Deliveries a Day

Uber Technologies (NYSE: UBER) announced a major strategic partnership with autonomous drone delivery company Zipline on Monday, aiming to bring drone-based Uber Eats deliveries to millions of U.S. consumers.

The first deployments are expected to begin later in 2026, allowing customers in supported markets to receive Uber Eats orders through Zipline’s autonomous drones. The companies plan to expand the service across dozens of U.S. cities.

More significantly, Uber and Zipline are targeting one million drone deliveries per day by the end of 2029, signaling ambitions to make autonomous delivery a meaningful part of Uber’s logistics network rather than a limited pilot program.

Uber will also make a strategic investment in privately held Zipline, although the size of the investment was not disclosed.

Uber Expands Its Autonomous Delivery Strategy

The partnership strengthens Uber’s push toward a hybrid delivery network combining human couriers, sidewalk robots and drones. Using autonomous delivery for suitable orders could eventually reduce delivery times and costs while expanding the capacity of the Uber Eats network.

Zipline already has significant operating experience. The company operates across four continents, has completed more than 2.7 million deliveries and has flown over 135 million autonomous commercial miles. Its technology is designed to deliver orders within approximately five to 10 minutes.

For Uber, the agreement provides access to an established drone platform without requiring the company to develop the underlying aviation technology itself. At the same time, Zipline gains access to Uber Eats’ large consumer and merchant network.

The scale of the 2029 target makes the partnership strategically significant for Uber. If successfully deployed across major U.S. markets, drones could become another important component of the company’s broader effort to automate portions of its delivery network and improve the economics of last-mile logistics.
Uber and Pony*ai Expand Robotaxi Partnership With Plan for More Than 2,000 Vehicles in Europe

Uber Technologies (NYSE: UBER) and Pony*ai (NASDAQ: PONY) are expanding their autonomous-driving partnership, with plans to deploy more than 2,000 Pony*ai robotaxis across Europe as the companies move toward larger-scale commercialization of driverless transportation.

The expanded partnership builds on the companies’ existing project in Zagreb, Croatia, where Pony*ai robotaxis are expected to become available through the Uber platform. The companies now plan to expand into four additional European cities, with further deployment also planned for the Middle East.

The names of the additional European cities and the rollout timetable have not yet been disclosed.

Partnership Targets Commercial Robotaxi Scale

Under the agreement, Pony*ai will provide its Level 4 autonomous-driving technology and robotaxi operating expertise, while Uber will provide its mobility platform, including customer access, booking, payments and customer service.

Local fleet partners may handle vehicle ownership and daily operations depending on the market. This structure could allow Uber and Pony*ai to expand without either company necessarily financing and operating the entire fleet itself.

The companies said the strategy is designed to move autonomous mobility beyond individual pilot programs toward repeatable, commercially scalable deployments.

Pony*ai already operates paid, fully driverless robotaxi services in four major Chinese cities and said it has reached city-wide breakeven unit economics in multiple markets. That experience could provide an important foundation as the company expands its technology internationally.

Uber Builds Out Autonomous Mobility Network

The announcement further strengthens Uber’s strategy of positioning its platform as a distribution network for autonomous vehicles rather than developing its own autonomous-driving system.

It also follows Uber’s separate announcement this week of plans for a robotaxi pilot in Tokyo using Nissan LEAF vehicles equipped with Wayve’s AI Driver technology.

For Uber, adding more than 2,000 Pony*ai vehicles would represent a meaningful expansion of autonomous vehicles available through its platform and could strengthen its position as robotaxi operators increasingly seek established ride-hailing networks to reach customers.

For Pony*ai, meanwhile, the agreement provides access to Uber’s large customer base and established mobility infrastructure, potentially accelerating its expansion outside China.
# Uber Expands Robotaxi Push with Tokyo Pilot Planned for Late 2026

Uber Technologies (NYSE: UBER) is advancing its autonomous mobility strategy in Japan through a new operational partnership with Hinomaru Kotsu for a robotaxi pilot scheduled to launch in Tokyo in late 2026.

The program builds on Uber’s March 2026 robotaxi agreement with Nissan and autonomous-driving technology company Wayve. The pilot will use Nissan LEAF vehicles equipped with Wayve’s AI Driver technology, while rides will be available through Uber’s ride-hailing platform.

## Uber Builds Local Operating Model for Robotaxis

Hinomaru Kotsu will handle the physical fleet operations required for the service, including vehicle maintenance, inspections, cleaning, charging, depot management and vehicle availability.

The structure is particularly important in Japan because passenger transportation must be provided by authorized taxi operators. Uber will supply the matching platform and operational tools, while Hinomaru Kotsu will act as the licensed fleet operator.

The initial rollout will not be fully driverless. Experienced Hinomaru Kotsu drivers will remain behind the wheel as safety operators, with fully autonomous operations potentially introduced later subject to regulatory approval.

For Uber, the Tokyo project represents another step toward positioning its platform as an aggregation layer for autonomous vehicles rather than relying exclusively on human drivers. Partnerships with automakers, autonomous-driving developers and established fleet operators could allow Uber to expand robotaxi services without developing its own autonomous-driving system.

Tokyo also provides a demanding test environment because of its dense urban infrastructure and complex traffic conditions. A successful deployment could strengthen Uber's position as autonomous mobility moves from limited testing toward commercial ride-hailing applications.

The partnership could also address Japan's persistent driver shortages over the longer term, while giving Uber an additional route to expand its presence in a market where local transportation regulations have historically constrained traditional ride-hailing models.
Uber Stock Rises 2.8% as Jefferies Raises Price Target to $110

Uber Technologies (NYSE: UBER) shares rose about 2.8% Monday after Jefferies raised its price target on the ride-hailing and delivery company while maintaining a Buy rating.

Jefferies analyst John Colantuoni increased the firm's price target on Uber to $110 from $100. Based on the stock's recent price of about $76.82, the new target implies roughly 43% potential upside.

Jefferies Maintains Bullish View on Uber

The $10 increase in the price target reinforces Jefferies' positive stance on the company. Unlike a rating upgrade, Monday's analyst action maintains the existing Buy recommendation but increases the valuation Jefferies believes Uber shares can support.

The move is particularly notable following recent volatility in Uber shares, as investors continue to assess the company's growth prospects alongside longer-term questions surrounding autonomous vehicles and their potential impact on the ride-hailing industry.

Uber has increasingly positioned itself as a platform that could benefit from autonomous vehicles rather than simply compete against them, establishing partnerships designed to bring robotaxi services onto its network.

Investors will now be watching Uber's mobility and delivery growth, profitability and free cash flow, as well as progress in autonomous-driving partnerships. For Monday's session, however, the Jefferies target increase is providing a clear positive catalyst for UBER shares.
Uber (UBER) Stock Falls 6% Despite Strong Q2 Earnings and Record Cash Flow

Uber Technologies (NYSE: UBER) shares fell around 6% on Wednesday despite reporting another quarter of strong growth in bookings, earnings, and cash flow. While the ride-hailing and delivery giant delivered solid financial results and maintained healthy guidance for the third quarter, investors appeared disappointed that revenue growth was slower than bookings growth and that the outlook did not include a significant upside surprise.

Gross Bookings Reach a New High

Uber delivered another quarter of robust operating performance, with growth across all of its major business segments.

Key second-quarter results included:

* Gross Bookings: $58.0 billion (+24% year over year; +22% constant currency)
* Revenue: $14.2 billion (+12%)
* Trips: 3.87 billion (+18%)
* Monthly Active Platform Consumers: 208 million (+16%)
* Adjusted EBITDA: $2.82 billion (+33%)
* Non-GAAP Operating Income: $2.14 billion (+40%)
* Non-GAAP EPS: $0.81 (+35%)
* Free cash flow: $2.79 billion (+13%)

The company also reported GAAP operating income of $1.9 billion and GAAP diluted EPS of $1.17, supported in part by a $1.6 billion pre-tax gain from the revaluation of its equity investments.

Delivery and Freight Continue to Lead Growth

Uber's Delivery segment remained one of the company's strongest performers.

Delivery revenue increased 28%, while Gross Bookings climbed 26%. Freight also posted solid results, with both revenue and Gross Bookings rising 25%.

Meanwhile, Mobility Gross Bookings increased 22%, reflecting continued healthy demand for ride-hailing services. However, Mobility revenue rose just 1%, largely due to business model changes that affected reported revenue growth despite higher customer activity.

Management noted that these changes reduced overall reported revenue growth by approximately eight percentage points during the quarter.

Profitability Continues to Improve

Uber continued to demonstrate strong operating leverage.

Adjusted EBITDA increased 33% to $2.82 billion, while Non-GAAP Operating Income climbed 40% to $2.14 billion. The company also generated $2.79 billion in free cash flow during the quarter, pushing trailing twelve-month free cash flow above $10 billion for the first time in its history.

CEO Dara Khosrowshahi highlighted Uber's expanding ecosystem, noting that the company added more first-time users over the past twelve months than during any comparable period in the past five years. He also emphasized Uber's long-term strategy of building the world's largest platform for autonomous vehicles.

Third-Quarter Outlook Remains Strong

For the third quarter of 2026, Uber expects:

* Gross Bookings between $58.25 billion and $60.25 billion, representing constant-currency growth of 18% to 22%.
* Non-GAAP EPS between $0.84 and $0.88.
* Adjusted EBITDA between $2.86 billion and $2.96 billion.

The guidance points to another quarter of strong profitability and continued demand across Uber's platform.

Why the Stock Fell

Despite reporting impressive growth across most operating metrics, investors appeared disappointed by the company's 12% reported revenue growth, which lagged the 24% increase in Gross Bookings. Although management explained that business model changes reduced reported revenue growth by roughly eight percentage points, the market may have been hoping for stronger top-line acceleration.

In addition, Uber's third-quarter guidance was broadly in line with expectations rather than significantly above them. After a series of consistently strong quarterly reports, investors may have viewed the latest results as solid but lacking a meaningful positive surprise, leading to profit-taking following the earnings release.

Wednesday's results demonstrated that Uber continues to generate strong growth across mobility, delivery, and freight while expanding profitability and producing record levels of cash flow.
Uber Surges 7% as Platform Growth Accelerates and Earnings Scale at Twice the Topline Rate

May 6, 2026 · Earnings Report

Uber Technologies jumped 7% today after reporting a first quarter that demonstrated the company's growing grip on daily consumer life, with trips, bookings, and earnings all expanding at a pace that comfortably exceeded expectations.

Gross bookings grew 25% year-over-year to $53.7 billion, or 21% on a constant currency basis, marking the third consecutive quarter of growth exceeding 21%. Trips grew 20% to 3.6 billion, driven by monthly active platform consumers rising 17% to 199 million. Revenue came in at $13.2 billion, up 14% year-over-year, though the headline figure was held back by roughly 9 percentage points due to business model changes.

The profitability story was arguably more impressive than the top line. GAAP income from operations surged 57% to $1.9 billion, non-GAAP operating income grew 42% to $1.9 billion, and adjusted EBITDA rose 33% to $2.5 billion. Non-GAAP EPS jumped 44% to $0.72. GAAP net income came in at just $263 million, significantly below the prior year's $1.78 billion, but that decline was entirely due to a $1.5 billion non-cash headwind from revaluations of Uber's equity investments rather than any operational weakness. Free cash flow was $2.3 billion for the quarter and the company ended March with $6.1 billion in unrestricted cash.

The Delivery segment was the standout growth driver, with gross bookings up 28% to $26.0 billion and revenue surging 34% to $5.1 billion. Mobility gross bookings rose 25% to $26.4 billion. Both segments expanded operating income meaningfully, with Mobility up 28% to $2.0 billion and Delivery up 43% to $961 million. Freight remained a modest drag, posting a small operating loss of $30 million.

A key milestone highlighted by CEO Dara Khosrowshahi was the platform reaching 50 million Uber One members, with subscribers now accounting for half of gross bookings across Mobility and Delivery, underscoring the stickiness and monetization power of the membership model.

"We are off to an exceptional start to 2026, with Gross Bookings growth exceeding 21% for the third consecutive quarter and earnings scaling at more than twice our topline," said CFO Balaji Krishnamurthy.

For the second quarter, Uber guided gross bookings to between $56.25 billion and $57.75 billion, representing 18% to 22% constant currency growth, and non-GAAP EPS of $0.78 to $0.82, implying growth of 31% to 38% year-over-year. Adjusted EBITDA is expected to reach between $2.70 billion and $2.80 billion.
Uber Technologies and Block Inc. announced an expanded global partnership aimed at improving restaurant operations and payment options across Uber’s platforms. The collaboration will extend Square’s integration with Uber Eats to multiple international markets, while introducing Cash App Pay as a payment method for Uber and Uber Eats users in the United States.

The partnership is designed to streamline restaurant workflows through integrated ordering systems and enhance customer payment flexibility, including access to millions of Cash App users. The companies said the initiative builds on previous collaborations and reflects a broader effort to connect their ecosystems and support growth for merchants and consumers globally.

Source: Uber
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