Uber Technologies ( UBER ) is quickly becoming one of the most compelling stories in the market, and I say that as someone who once believed the company was destined to fail. But Uber has done something truly impressive: transformed itself from a cash-burning operation into a cash-generating machine.
UBER stock fell because Uber Technologies posted a slight revenue miss. However, Uber Technologies' overall results indicated respectable revenue, income, and bookings growth.
Uber Technologies, Inc.'s earnings miss this morning is a short-term setback, in my opinion. The stock trading down is a window to buy at a discount. I'm eyeing Uber's expansion into less dense, rural markets as the needed push to get mobility to drive higher profitable growth. Insurance costs are a headwind but less of a headache than management had expected.
Uber's membership program continues to drive cross-selling activities across the company's platform, a nod to the movement toward its app as a digital front door to a host of everyday activities.
Rideshare stock Uber Technologies Inc (NYSE:UBER) is down 1.4% at $84.65 at last glance, after the company's mixed first-quarter results.
It's the latest rollback of flashy benefits and perks, as well as remote work approval, at major Silicon Valley firms.
The headline numbers for Uber (UBER) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Uber wants to expand in the suburbs and in non-restaurant delivery categories, but the stock is reacting to a miss on two metrics.
Uber Technologies (UBER) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to loss of $0.32 per share a year ago.
Shares of Uber Technologies (UBER) moved lower in premarket trading Wednesday after the ridesharing giant's first-quarter gross bookings and revenue fell short of estimates.
The ride-hailing app posts a mixed first quarter.
Uber Technologies swung to a first-quarter profit of $1.78 billion as riders ordered more trips on the digital taxi service.