The company also predicted that business in the current quarter would be stronger than Wall Street had predicted.
Tony Han, Founder and CEO of WeRide talks about the growth strategy for the company and its safety records.
Uber announced its third partnership with a Chinese autonomous vehicle company this week, revealing the ride-hail and delivery giant's appetite for global domination in the emerging robotaxi sector.
Uber Technologies (UBER) and Chinese autonomous vehicle maker Pony AI (PONY) announced a partnership Tuesday to put Pony AI's robotaxis on Uber's platform.
Uber is expanding its presence in Turkey with its latest acquisition.
Uber and Chinese autonomous vehicle technology company WeRide plan to expand a commercial robotaxi partnership and bring the service to another 15 cities over the next five years. The expansion comes five months after the two companies launched a commercial robotaxi service in Abu Dhabi.
As the two ride-sharing giants prepare to unveil their first-quarter results, many questions about future growth, robotaxi ambitions, and the evolving ride-sharing industry will be answered.
Uber Technologies Inc (NYSE:UBER, ETR:UT8) is expected to beat first-quarter estimates this week due to favorable foreign exchange trends, resilient food delivery demand, and strong growth in new mobility segments offsetting modest US travel softness. Bank of America said it expects Uber to post first-quarter results that come in ahead of Wall Street estimates, pointing to what it called an “attractive” valuation based on free cash flow and growing investor confidence in Uber's long-term position in the autonomous vehicle (AV) ecosystem.
With Uber scheduled to report first-quarter 2025 results on May 7, we assess how the company is likely to fare with respect to gross bookings.
This business trades at a relatively cheap valuation, has a massive total addressable market, and offers a great customer value proposition.
Countries outside of the US and China will see autonomous vehicles on Uber starting early next year.
Uber Technologies UBER is slated to release first-quarter 2025 results on May 7, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 51 cents per share and $11.6 billion, respectively.