Uber is reportedly bringing its delivery business to seven new European markets. The expansion, slated for this year, involves Austria, Denmark, Norway, the Czech Republic, Greece, Romania and Finland, Uber head of delivery Susan Anderson told the Financial Times (FT) Sunday (Feb. 15).
Uber is expanding its delivery business into seven new European countries this year as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the Financial Times reported on Sunday.
Uber Technologies ( NYSE:UBER | UBER Price Prediction) stock slid 6.41% this week, closing at $69.98 on Friday.
Lyft trades at a steep discount to Uber, despite narrowing operational gaps and improving gross margins over the past decade. UBER commands a significant valuation premium due to superior EBIT margins (~10.7% vs. LYFT's -2.7%) and greater scale, though both face commoditized market dynamics. LYFT's path to re-rating hinges on achieving profitability through further cost discipline or aggressive market share gains, but risks of structural disadvantage remain.
UBER and Baidu bring Apollo Go's driverless rides to Dubai via the Uber app, expanding AV ambitions as the city pushes for 25% autonomous trips by 2030.
Uber Eats launched an artificial intelligence tool on Wednesday that lets user build a shopping cart using text or images. The company has been adding more AI features to its platform, launching menu descriptions and customer review summaries last year.
UBER will buy Getir's Turkish delivery portfolio in phases, paying $335M cash for the food delivery business and investing $100M to expand grocery, retail and water delivery reach.
Uber Technologies delivered strong gross bookings growth of 22% and 35% Adj. EBITDA growth, despite EPS missing expectations. I remain bullish as Uber's hybrid AV strategy drives 30% higher AV utilization versus standalone AV deployments, supporting superior economics. Uber's platform efficiently manages variable demand, leveraging both AVs and human drivers to minimize wait times and maximize trip completion.
Uber has agreed to acquire the delivery business of Turkey's Getir, once one of the biggest success stories of the country's startup ecosystem, the company announced on Monday
Uber (UBER) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
UBER's shares slip after a Q4 EPS miss and tepid guidance, despite 20% revenue growth, strong bookings and rising users across Mobility and Delivery.
Stellantis (STLA) will book a €22.2B ($26.18B) charge in H2 2025, reflecting a reset of its EV strategy amid muted demand. A U.S. jury on ordered Uber (UBER) to pay $8.5 million after finding the ride-hailing company liable in a lawsuit brought by a woman who said she was sexually assaulted by a driver when she was 19.