UBER expands its robotaxi footprint with a new Avride-powered autonomous service now live in Dallas.
Uber's market penetration in the US is around 15%, CFO Prashanth Mahendra-Rajah said Wednesday. The statistic shows how much room Uber has to grow in its home market, Mahendra-Rajah said.
Uber Technologies is a Buy, given its strong user growth, cross-platform engagement, and robust financial performance. UBER's strategic partnerships in the AVs and eVTOL spaces should help to expand its TAM and enhance its competitive positioning. Q3 results highlight 21% YoY gross bookings growth, 20% revenue growth, and $2.3 billion in adjusted EBITDA, with significant free cash flow generation.
Uber Technologies, Inc. (UBER) Presents at UBS Global Technology and AI Conference 2025 Transcript
The ride-hailing company launched a self-driving service in Dallas with Avride. And a Wall Street firm upgraded the stock to Buy.
Welcome to the Green Stock News brief for Wednesday December 3rd. Here are today's top headlines: Uber (NYSE: UBER) is now offering rides in Avride all-electric robotaxis across a 9-square-mile area of Dallas, where UberX, Comfort, and Comfort Electric riders may be matched with one at no extra cost.
Robotaxis are hitting the roads at a dizzying pace, and now Uber is rolling them out in Dallas. Uber is partnering with robotaxi startup Avride to launch a fleet of self-driving Hyundais.
Uber is expanding its push into the rapidly growing self-driving vehicle market with a new robotaxi service in Dallas that begins today. The rideshare giant is deploying a fleet of autonomous vehicles developed by startup Avride, which also makes delivery robots.
UBER has transformed from a cash-burning startup to a highly profitable, cash-generating enterprise, justifying a strong Buy rating. UBER's aggressive expansion into delivery, AI, and autonomous vehicles, including partnerships with NVIDIA and investments in robotaxi startups, underpins its future growth trajectory. UBER's financial turnaround is evident: $49.6B revenue (+18.25% YoY), $16B TTM net income (33.54% margin), and $6.7B levered FCF (13.68% margin).
Uber teams with WeRide to launch the Middle East's first robotaxi service in Abu Dhabi, aiming for global AV growth.
Uber Technologies rolled out driverless robotaxis in Abu Dhabi in partnership with Chinese autonomous-driving firm WeRide on Wednesday, following the tie-up they announced last year.
Uber users in Abu Dhabi can ride in a fully driverless WeRide robotaxi starting Wednesday. Uber and the China-based company first announced plans to bring the technology to the United Arab Emirates last September.