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Uber Technologies Q2 Earnings Call Highlights
MarketBeat2d agoneutral
Uber Technologies Q2 Earnings Call Highlights

Uber Technologies (NYSE:UBER) said second-quarter gross bookings rose 22% year over year to more than $58 billion, exceeding the high end of its guidance range and marking its fourth consecutive quarter of growth above 20%. Chief Executive Officer Dara Khosrowshahi said the company also produced 35%

Serve Robotics Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Serve Robotics Q2 Earnings Call Highlights

Serve Robotics (NASDAQ:SERV) reported second-quarter revenue growth but sharply reduced its full-year outlook after delivery volume through Uber declined for the first time in 17 quarters, prompting the company to reassess the future of the partnership and redirect resources toward other channels.

Expedia Group Q2 Earnings Call Highlights
MarketBeat5d agoneutral
Expedia Group Q2 Earnings Call Highlights

Expedia Group (NASDAQ:EXPE) reported second-quarter results above the high end of its outlook, citing healthy consumer travel demand, continued momentum in its business-to-business segment and improved marketing efficiency. The company also raised its full-year guidance for gross bookings, revenue a

Zoox's big bet on robotaxis starts in Las Vegas
Axios6d agoneutral
Zoox's big bet on robotaxis starts in Las Vegas

Amazon-owned Zoox is about to start scaling its robotaxi service after federal regulators last week cleared it to charge for rides in its driverless vehicles with no steering wheel or other human controls.

Uber Stock Falls After Softer Profit Outlook
The Wall Street Journal6d agobearish
Uber Stock Falls After Softer Profit Outlook

Shares of Uber Technologies fell 6% in midday trading Wednesday after the ride-hailing company issued a softer-than-expected outlook for the current quarter. Uber reported quarterly revenue of $14.19 billion, up 12% from a year earlier amid an increase in both rides and deliveries. For the current quarter, Uber forecast adjusted earnings of 84 cents to 88 cents a share, compared with analyst expectations of 87 cents a share.

Uber shares slip as third-quarter earnings outlook disappoints investors
InvestorsHub6d agoneutral
Uber shares slip as third-quarter earnings outlook disappoints investors

Uber Technologies (NYSE:UBER) traded lower in pre-market trading on Wednesday after issuing third-quarter earnings guidance that came in below Wall Street expectations, despite reporting solid second-quarter operating performance. The weaker outlook overshadowed stronger-than-expected gross bookings during the latest quarter and renewed investor focus on the company’s investment plans.

Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Reuters6d agoneutral
Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings ‌growth and reaffirming plans to invest heavily in robotaxis and acquisitions. The global ‌ride-hailing and delivery giant's capital allocation has become a key investor focus after it announced a $14.8-billion ​deal for Delivery Hero last month, which it plans to fund with existing liquidity and debt. The company on Wednesday also outlined plans to spend more than $10 billion on autonomous vehicles over the coming years, but did not provide a specific ‌timeline.

Bloomberg6d agoneutral
Uber Gives In-Line Outlook, Says Brazil Rivals Hurt Trips Growth

(Bloomberg) -- Uber Technologies Inc. issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPOBeer Dynasty Families