The ride-hailing company reports better-than-expected earnings and gross bookings in the first quarter.
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The ride-hailing company reports better-than-expected earnings and gross bookings in the first quarter.
(Bloomberg) -- Uber Technologies Inc. provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weigh
Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth. Uber said it expects gross bookings of $56.25 billion to $57.75 billion for the June quarter, above analysts' average estimate of $56.07 billion, according to data compiled by LSEG. It factors in a roughly 60 basis-point drag from the Middle East conflict.
Volkswagen increases its stake in Rivian Automotive (NasdaqGS:RIVN) through a large private share placement under an amended investment agreement. Rivian completes an additional capital raise with SMB Holding and Uber, adding new institutional backing. These equity investments are tied to Rivian’s future product and technology roadmap and deepen its partnerships with major industry players. Rivian focuses on electric trucks, SUVs, and commercial delivery vehicles, a segment that continues...
↗️Advanced Micro Devices (AMD): Shares of the chipmaker soared premarket after it reported stronger sales and logged higher profit. Shares of its peer Super Micro Computer Inc. (SMCI) also jumped premarket.
U.S. stocks looked set to extend record highs after Trump walked back an effort to guide commercial ships through the Strait of Hormuz, easing concerns of a near-term escalation in the U.S.-Iran war.
Earnings season marches on this week as investors will hear from big companies including Walt Disney, McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
In late April 2026, Bank of America Securities began covering Block, highlighting AI-driven efficiency efforts alongside new products such as Square’s Managerbot and expanded partnerships with merchants and platforms like Uber Eats and Black Seed Bagels. These developments underline how Block is using artificial intelligence and integrated commerce tools to deepen its role in both consumer payments and complex multi-location business operations. Next, we’ll examine how AI-driven tools like...
Lucid Group (NASDAQ:LCID) executives emphasized an expanded autonomy partnership, new financing, and a renewed focus on cost and execution during the company’s first-quarter 2026 earnings call, while also suspending prior guidance as incoming CEO Silvio Napoli begins a review of the business. Leade
The Silicon Valley AV startup has not started driverless testing yet.
Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.
Tesla (TSLA) has reached its next phase in its robotaxi business, as its autonomous vehicles are now operating in Austin, Texas, unsupervised at night. This comes as the EV maker pushes to catch up with other robotaxi developers like Waymo, which is a subsidiary of Google parent company Alphabet (GOOG, GOOGL), and rideshare operators like Uber (UBER). Envorso founder and chairman Adrian Balfour comments on how Tesla's development process on its robotaxi vehicles differs from Waymo and what can ultimately set it apart from these competitors.
Uber is set to report earnings Wednesday morning, with the rideshare giant's stock seen making a big move following the results.
Lucid Group (LCID) is back in focus as investors weigh an imminent quarterly earnings release, an expanded Uber partnership that includes at least 35,000 vehicles, and leadership change with a new CEO. See our latest analysis for Lucid Group. Lucid’s 7 day share price return of 12.82% and recent bounce from all time lows sit against a 30 day share price decline of 32.83% and 1 year total shareholder return decline of 71.65%. This suggests recent momentum is improving, but long term...
Avis Budget Group (CAR) reported a first-quarter earnings per share (EPS) loss of $8.01, significantly deeper than the consensus estimate. While the headline loss suggests a business retreat, a singular operational metric of 70% vehicle utilization reveals a fundamental pivot in the company's capital strategy.
Strong growth meets rising costs and big bets
Uber will report first quarter earnings before the bell on Wednesday as the ride-hailing giant looks to prove its profit growth story is intact, even as its costly autonomous ambitions grow.
Uber will report first quarter earnings before the bell on Wednesday as the ride-hailing giant looks to prove its profit growth story is intact, even as its costly autonomous ambitions grow.
Damora Therapeutics Inc. (NASDAQ:DMRA) is one of the best performing NASDAQ stocks according to Wall Street analysts. On March 23, Damora Therapeutics appointed Jennifer Jarrett as President and Chief Executive Officer, effective March 30. Jarrett, who will also join the Board of Directors, previously served as COO and CFO at Arcus Biosciences and held executive […]
Lucid Group (NASDAQ:LCID) trades around $6.25, while Wall Street has an average price target of about $12.77, implying that analysts see about 104% for the stock today. Lucid is the Newark, California luxury EV maker behind the Lucid Air sedan and the ramping Lucid Gravity SUV, with a midsize program and a robotaxi partnership with Uber ... Wall Street Sees 104% Upside for Lucid Despite 48% Polymarket Bankruptcy Odds
Uber stock and DoorDash stock have had a rough 2026. Can first-quarter earnings help turn the narrative around?
The VistaShares Target 15 ACKtivist Distribution ETF (NYSEARCA:ACKY) gives investors a packaged way to ride alongside Bill Ackman’s Pershing Square book while collecting a targeted 15% annual distribution paid monthly. The fund mirrors Pershing Square Capital’s publicly disclosed holdings and layers an options-based income strategy on top to manufacture the headline yield. For a young ... ACKY Holds 54% in Three Companies, Creating Concentration Risk Most Investors Miss
A federal jury recently found Uber (NYSE:UBER) legally responsible for a 2019 passenger assault. The verdict is part of a nationwide multi-district litigation focused on passenger sexual assault. Jurors held Uber liable as a common carrier, a classification with potential implications for future cases. This is the second major verdict against Uber this year, with more bellwether trials scheduled. Uber operates a global ride hailing and delivery platform, connecting drivers, couriers and...
The Uber-backed superapp expects strong consumer demand for its ride-hailing and delivery services to fuel another strong year of earnings.
Both Uber and Lyft are expected to report their next set of quarterly results soon. But are analysts' revisions bearish or bullish?
Rivian (NASDAQ:RIVN) currently trades around $15, while Wall Street’s average price target sits at $18.16. That means analysts see roughly 21% upside for the stock today. Rivian designs and builds premium electric trucks, SUVs, and commercial vans, and is now betting its future on the R2 platform, a next-generation, lower-cost SUV designed for the mass market. ... Wall Street Sees 21% Upside for Rivian Despite R2 Pricing Disappointment