Uber's shares dropped about 6% after the company issued a third-quarter forecast that missed Wall Street expectations, despite beating Q2 earnings and gross bookings. For Q3, Uber expects adjusted EPS between $0.84 and $0.88, below the $0.89 analyst estimate, and gross bookings of $58.25 billion to $60.25 billion, slightly under the $59.33 billion consensus. However, Q2 results showed adjusted EPS of $0.81 in line with estimates, revenue of $14.19 billion just below consensus, and gross bookings up 24% year-over-year to $58 billion, beating estimates. Uber also reported strong cash flow and growth in trips and active users, with CEO Dara Khosrowshahi highlighting record consumer engagement and investment in autonomous vehicle technology.
Uber has invested $10 million in Indian fleet management startup Carrum Mobility, valuing the company at about $168 million. Carrum supplies over 5,100 vehicles and 18,000 drivers to Uber’s various service tiers in India, including the premium Uber B...
Tesla's stock rose 4% following Slovenia's approval of its Full Self-Driving system and the launch of the Cybercab, a vehicle designed for autonomous ride-hailing. This progress threatens Uber, whose shares fell 4%, despite strong Q2 2026 results sho...
Uber's profits doubled and free cash flow surpassed $10 billion, yet its stock price remains flat and down over the past year. The market appears to be pricing in risks from autonomous vehicle rivals like Waymo, which could disrupt Uber's dominance i...
Travis Kalanick, Uber's co-founder, is preparing to return to the ride-hailing industry through his new startup, Atoms, which focuses on robotaxi technology. Atoms recently secured $1.7 billion in funding and is recruiting autonomous vehicle engineer...
