Uber and Chinese autonomous vehicle developer Pony.ai have expanded their partnership to deploy 2,000 self-driving taxis across Europe and extend their robotaxi services to the Middle East. This follows the launch of a commercial robotaxi service in Zagreb, Croatia, and plans to roll out to four more European cities, though locations and timelines remain undisclosed. Uber aims to build a large autonomous fleet to gather operational data, improve safety, and boost efficiency amid growing competition from companies like Baidu, WeRide, and Waymo. The move supports Uber's goal to become a leading global platform for autonomous vehicle commercialization.
Grab and Uber released Q2 2026 results showing contrasting growth paths. Grab posted 21.73% revenue growth driven by fintech and groceries, with a 54% jump in adjusted EBITDA and expanding financial services. Uber's revenue grew 12.17%, mainly from d...
Uber Technologies' COO Andrew Macdonald bought 70,000 shares worth about $5.31 million, signaling confidence despite recent stock volatility. The company reported a record trailing 12-month free cash flow exceeding $10 billion and secured Spain's fir...
Arete Research downgraded Uber's stock from Buy to Neutral with a $74 price target, citing an expected 64.95% drop in earnings per share to $1.09 despite 9.6% revenue growth to $14.76 billion. Uber faces new competition from Tesla's Cybercab, which o...
Uber shares have fallen over 30% from their highs despite the company posting record free cash flow. The stock currently trades around $71, well below the Wall Street consensus target of $102, indicating a 44% potential upside. Analyst Mark Mahaney f...
