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Uber Technologies Today

UBER

Uber Technologies

$73.06 -2.70 (-3.57%)

As of 09/8/2026 03:59 PM Eastern

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$65.41▼

$101.9916.06

$104.49

The market often misinterprets the structural evolution of logistics networks, pricing them on legacy models rather than future capabilities. This dynamic is currently playing out with Uber Technologies, Inc. NYSE: UBER. On Sept. 3, Uber initiated its first supervised autonomous ride-hailing service in London. By deploying all-electric Ford Mustang Mach-E vehicles powered by Wayve's AI Driver, Uber is demonstrating a clear pivot in its business model.

Rather than absorbing the heavy capital expenditures required to manufacture proprietary autonomous vehicles, Uber is positioning itself as the commercialization and distribution layer for third-party technology. This asset-light approach allows Uber to bridge the gap toward long-term autonomous margins while avoiding the risks of automotive manufacturing. Investors assessing the current valuation might notice a disconnect between the traditional human-driven logistics multiple and the highly scalable, AI-integrated hybrid network being built.

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Steering Clear of ManufacturingUnderstanding the mechanics of the Wayve partnership reveals why this strategy appeals to institutional capital. Wayve utilizes an AV2.0 approach, relying on mapless, hardware-agnostic artificial intelligence (AI) that learns from complex environments rather than relying on traditional hand-coded rules. This adaptability is critical in a regulatory and geographical maze like London, where mapping every variable is nearly impossible.

The structural advantage for Uber rests on the deliberate avoidance of hardware development. Developing self-driving cars requires billions in research, development, and manufacturing overhead. By supplying the localized rider demand and the routing network, Uber allows partners like Wayve to focus on the intelligence while original equipment manufacturers like Ford NYSE: F and Nissan OTCMKTS: NSANY handle the hardware. Over 140,000 London riders have already opted in to the service, suggesting that consumer adoption barriers may be lower than previously anticipated.

This strategy extends well beyond a single city. Uber participated in Wayve's recent $1.5 billion funding round, aligning financial interests to secure global scaling rights across 12 planned markets. With upcoming integration plans for the Nissan LEAF and partnerships with over 30 external autonomous developers, Uber is on track to facilitate autonomous trips in up to 15 cities by the end of 2026. This allows Uber to scale its autonomous offerings globally without the traditional drag of severe capital expenditures.

Refueling With Free Cash FlowAn asset-light model relies heavily on network density and the ability to generate liquidity without internal cash burn. Recent financial disclosures highlight how this transition is already reflected in profitability metrics. During the second quarter of 2026, Uber generated about $2.8 billion in free cash flow and reported gross bookings of nearly $58.0 billion. This represents a 24% year-over-year increase in bookings, providing the exact liquidity framework required to fund external artificial intelligence integrations.

The ongoing shift toward third-party integration directly supports expansion of the earnings before interest, taxes, depreciation, and amortization (EBITDA) margin. Adjusted EBITDA grew 33% year-over-year to $2.8 billion for the quarter, pushing the margin to 4.9%, up from 4.5% a year prior. By letting venture capital and external partners absorb the research and development costs of autonomous driving, Uber preserves its cash flow to reinvest in market share and core platform density.

This density strategy is evident in concurrent corporate actions, such as the ongoing €41.50-per-share (approx. $46) takeover offer for Delivery Hero. Acquiring complementary logistics networks widens the multi-vertical distribution funnel. A denser network of food and freight delivery creates immediate, practical deployment routes for future autonomous fleets. This allows Uber to maximize vehicle utilization rates across a 24-hour cycle, routing autonomous cars for passenger transport during peak hours and logistics delivery during off-peak times.

Valuations Ready to AccelerateCapital flows often lead retail sentiment, and the structural support for Uber rests heavily on institutional accumulation. Institutional investors currently hold roughly 80% of the public float. Over the trailing 12 months, these buyers initiated inflows of nearly $39.12 billion, far outweighing outflows of roughly $10.36 billion. Entities like the Virginia Retirement Systems hold large positions, suggesting a long-term horizon aligned with the autonomous transition.

Uber Technologies Stock Forecast Today12-Month Stock Price Forecast:
$104.49
43.02% Upside

Moderate Buy
Based on 42 Analyst Ratings

Current Price$73.06High Forecast$150.00Average Forecast$104.49Low Forecast$72.00Uber Technologies Stock Forecast Details

From a valuation perspective, Uber trades near $76 with a trailing price-to-earnings (P/E) ratio around 16.8. Compared with broader technology-sector platforms that often command multiples well above 30, the current pricing implies the market still views Uber as a human-reliant logistics business. As the percentage of autonomous trips increases, the marginal cost of routing a vehicle could fall substantially, shifting the business's unit economics.

Sell-side analysts appear to be factoring in this evolution in margins. Of 42 analysts covering Uber Technologies, Inc., 34 maintain a Buy rating, resulting in a consensus of Moderate Buy. A consensus price target near $104 suggests an anticipated upside of roughly 36% from current trading levels.

The recent London rollout serves as tangible proof of concept for the broader analyst community, validating the operational feasibility of replacing human drivers with software in highly congested urban environments.

Plotting the Next DestinationThe integration of Wayve's technology in the United Kingdom provides a clear template for how ride-hailing networks plan to achieve long-term profitability. Transitioning directly from human drivers to fully autonomous fleets carries severe regulatory and operational risks. By steadily phasing in third-party autonomous vehicles to operate alongside human drivers, Uber ensures consistent reliability while gradually lowering the overall cost per trip.

This hybrid approach de-risks the technological rollout while maintaining the supply density required to serve global demand. The combination of strong free cash flow, deep institutional backing, and an expanding global footprint of autonomous partners creates a compelling fundamental setup. Uber is positioning itself not as a car manufacturer, but as the essential operating system for global movement. Investors analyzing the shifting mobility sector might consider adding Uber to their watchlist as the market begins to factor in the long-term margin expansion associated with its software distribution capabilities.

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Tesla Inc‘s (NASDAQ:TSLA) Cybercab has finally moved from concept to commercial service, but its biggest competitor isn’t another automaker—it’s Uber Technologies, Inc. (NYSE:UBER).

While Tesla is building a vertically integrated robotaxi business from the ground up, Uber is assembling an autonomous fleet through partnerships, setting up two very different paths to the future of ride-hailing.

Tesla’s Cybercab StrategyTesla’s robotaxi ambitions center on owning the entire ecosystem. The company develops the vehicle, the autonomous driving software, and the ride-hailing platform, allowing it to capture more of the economics if the model scales successfully.

That vision is now being tested in Austin, where Tesla has launched limited public Cybercab rides using its purpose-built, steering wheel–free vehicle. The rollout is still small, but it marks Tesla’s first attempt to commercialize a robotaxi service built around a vehicle designed exclusively for autonomous ride-hailing.

Tesla CEO Elon Musk has repeatedly argued that autonomy could eventually reduce ride costs to a fraction of today’s prices by eliminating the need for human drivers. The company’s long-term thesis depends on achieving enough scale for those lower operating costs to outweigh the substantial upfront investment in vehicles and AI.

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Uber’s Robotaxi NetworkUber is pursuing a fundamentally different strategy.

Rather than building autonomous vehicles, the ride-hailing giant has positioned itself as a marketplace for robotaxis. The company has announced partnerships with multiple autonomous driving developers, giving riders access to different autonomous fleets through a familiar app., including:

Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google’s Waymo Wayve Amazon.com Inc‘s (NASDAQ:AMZN) Zoox Baidu, Inc‘s (NASDAQ:BIDU) Apollo Go and Nebius Group N.V.‘s (NASDAQ:NBIS) Avride Trending

That approach allows Uber to benefit from advances in self-driving technology without bearing the cost and execution risk of developing its own vehicles.

The contrast is already visible in Austin, where Tesla’s Cybercab service has begun operating.

Early rider comparisons shared online show Cybercab fares on some routes costing more than equivalent Uber rides, although pricing remains highly dynamic and reflects Tesla’s limited fleet size during the initial rollout. Those snapshots offer only a point-in-time comparison, not a definitive measure of long-term economics.

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What Investors Should WatchThe robotaxi race may ultimately be less about who builds the best autonomous vehicle than who controls the customer relationship.

Tesla is betting that owning the vehicle, software and platform will create a durable competitive advantage as autonomous driving matures. Uber, meanwhile, is betting that riders will keep valuing a single marketplace that offers access to multiple robotaxi providers, regardless of who manufactures the vehicles.

For investors, the key metric is unlikely to be today’s fare comparison. Instead, it will be whether Tesla can scale Cybercab production quickly enough to lower costs, or whether Uber’s asset-light platform model proves more resilient in capitalizing on the autonomous transportation market.

Read Next

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Key Takeaways Uber's Delivery Hero deal could expand markets offering both mobility and delivery services from 34 to 58. UBER posted Q2 gross bookings above $58B, up 22% at constant currency, its fourth straight quarter over 20%. Uber's debt, weak share performance and expected 2026 EPS y/y fall support waiting for a better entry point. Uber Technologies (UBER - Free Report) moved a step closer to acquiring Delivery Hero when the latter’s board recommended that shareholders accept its offer. The board recently issued a statement terming Uber’s offer "fair and adequate." The acceptance period for the takeover offer ends on Nov. 5, 2026.

Under the takeover offer, Uber will pay €41.50 per Delivery Hero share, valuing the latter at approximately $14.8 billion, or $13.7 billion after adjusting for the former's existing stake. Before the offer, Uber owned about 24.77% of Delivery Hero's voting shares and had an additional 11.74% economic exposure through equity derivatives. Prosus has agreed to tender its roughly 17% stake, raising Uber's total economic interest to about 53%. The takeover would significantly increase the number of markets where Uber can offer both mobility and delivery services from 34 to 58.

Uber expects the acquisition to strengthen the global technology platform by combining it with Delivery Hero's established local brands, merchant network and delivery capabilities. The combined business is anticipated to enhance consumer choice, improve the Uber One membership proposition and provide merchants with greater demand through Uber's large user base, supported by advertising, promotional and commerce tools. AUber is denser network is also expected to increase order volumes, improve courier utilization and create additional earning opportunities for delivery partners and drivers.

With Uber’s impending acquisition of Delivery Hero taking a major step toward completion, the question is whether it is worth buying UBER stock at current prices. Let us dig deeper to find out.

Further Factors Working in Favor of UBERAV Ambitions Gain Pace: Uber is looking to establish a strong foothold in the lucrative robotaxi space through a partnership-focused approach. To this end, it has recently inked many deals. Earlier this month, Uber and British AI company Wayve have launched supervised autonomous rides in London, making such trips available in the United Kingdom for the first time. Londoners requesting UberX, Uber Electric or Uber Comfort may now be matched with a Wayve vehicle at no additional cost, with fares displayed upfront in the Uber app.

In June, Uber, in collaboration with WeRide (WRD - Free Report) , a Chinese autonomous vehicle company, announced plans to introduce commercial robotaxi services in the Greater Zurich Region. This move represents their second joint deployment in Europe, coming just weeks after the announcement of a similar initiative in Madrid. The service is expected to commence later this year in partnership with Switzerland’s Federal Roads Office, pending regulatory approvals. At launch, passengers will be able to access the robotaxi service through the Uber app. The launch builds on the partners’ growing track record in autonomous mobility.

Since December 2024, WeRide and Uber have introduced robotaxi services across several Middle Eastern markets, including fully driverless commercial operations in Abu Dhabi and Dubai, as well as public services in Riyadh. These deployments provide an operational foundation for their European expansion.

Last month, Uber announced that another Chinese company, Baidu (BIDU - Free Report) , has made its fully autonomous Apollo Go vehicles are available to riders through the former’s platform in Dubai, with New Horizon Luxury Transport operating the fleet. The rollout strengthens Uber’s position in the autonomous-vehicle market and represents an important step in the global expansion of driverless transportation.

Dubai is the first launch location under the companies’ multi-year strategic partnership, which aims to deploy thousands of Apollo Go vehicles of Baidu across Uber’s worldwide network. Uber emphasized that safety remains a central priority. Baidu’s Apollo Go vehicles, like all autonomous vehicles operating through Uber’s network, must comply with its safety guidelines before entering service.

Uber’s dominant market share in the ride-hailing industry also gives it a unique advantage. With its vast network of drivers and customers, Uber can quickly scale autonomous services once the technology matures. Its app is designed to integrate AVs from multiple partners, giving users a variety of options.

Gross Bookings Growth: Uber continues to benefit from robust growth in gross bookings. The company has been recording solid double-digit growth in gross bookings across both its mobility and delivery businesses.

In the second quarter of 2026, gross bookings grew 22% on a constant currency basis year on year to more than $58 billion, above the high end of the company’s guidance and marking the fourth consecutive quarter above 20% growth for this key metric. Trips also accelerated with results benefiting from travel linked to the FIFA World Cup.

Segment-wise, Mobility bookings rose 22% year over year on a reported basis and 20% on a constant currency basis to $28.98 billion, supported by continued demand for rides across Uber’s global platform. Uber’s ride-hailing business benefited from the mega event with millions of tourists taking rides across host cities in the United States, Canada and Mexico.

Delivery gross bookings increased 26% year over year on a reported basis and 25% on a constant currency basis to $27.46 billion, while Freight bookings increased 25% year over year on a reported basis as well as on a constant currency basis to $1.57 billion. Growth across all three offerings demonstrated the breadth of the company’s platform during the quarter.

For the third quarter, Uber expects gross bookings in the band of $58.25-$60.25 billion. The mid-point of the guided range is roughly in line with the Zacks Consensus Estimate of $59.2 billion.

Continued expansion in gross bookings strengthens Uber’s revenue base, improves operating leverage across its platform and deepens network effects among riders, drivers and merchants. This momentum not only supports revenue growth but also enhances the company’s long-term profitability potential by enabling fixed costs to be distributed more efficiently across a larger transaction base.

Earnings History: Uber’s earnings have outpaced the Zacks Consensus Estimate in three of the past four quarters, missing the mark on the other occasion. The average beat is 99.5%.

Growth Opportunity for UBER Is Real, but so Are the RisksAgreed that Uber is benefiting from its AV-related ambitions and gross booking strength. The acquisition of Delivery Hero, if it materializes, would lead to significant expansion for Uber. However, investors should remember that it is facing some headwinds that cannot be ignored.

UBER’s financial metrics indicate that its leverage is elevated and is a massive negative for its shareholders. The long-term debt burden of the company stood at $10.7 billion at the end of the second quarter of 2026, which translates into a long-term debt-to-capitalization of 27.9%. This is reasonable but above the Zacks Internet-Services industry’s 11.8%. UBER’s times interest earned ratio at the June quarter-end was 15.5, which is much lower than its industry, indicating a high risk of default.

Shares of Uber have declined in single digits (% wise) so far this year, underperforming the Zacks Internet-Services industry as well as the S&P 500 index.

YTD Price ComparisonImage Source: Zacks Investment Research

What Do Estimates Suggest for Uber?The Zacks Consensus Estimate for 2026 earnings implies a year-over-year decline of approximately 35%, while 11% growth is indicated in terms of revenues. However, the earnings estimate revision trend is impressive. Earnings per share estimate projections for the current and next quarter, and full-year 2026 and 2027 have improved over the past 60 days.

Image Source: Zacks Investment Research

How to Play UBER Stock Currently?While Uber’s weak stock performance, high debt load, labor unrest and geopolitical woes present near-term challenges, the long-term outlook for the ride-hailing giant remains far from discouraging.

The company’s strategic diversification, AV focus and shareholder-focused initiatives continue to serve as key strengths. With a market capitalization of $154.74 billion, Uber remains well positioned to navigate economic uncertainties. Uber’s ongoing commitment to diversification — through acquisitions, geographic expansion and innovative product offerings — has helped reduce risks and reinforce its competitive standing.

Overall, Uber’s scale, strategic investments and diversification efforts provide a strong foundation for sustained long-term growth. Despite the recent unfavorable price performance, maintaining a position in this Zacks Rank #3 (Hold) stock appears to be a sensible approach for now, while potential investors may prefer to wait for a more attractive entry point.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.   

Uber (UBER.N) launched autonomous rides in London on Thursday using AI technology developed by Britain's Wayve, making the ​city the second in Europe after Zagreb where the ‌company offers robotaxis.

Here are more details:

Initially a licensed operator will be on board to monitor the car before fully driverless operations begin at ​some point in the future, the companies said.

Riders who ​request an UberX, Uber Comfort or Uber Electric ⁠could be matched with a Wayve-powered Ford Mustang Mach-E at ​no additional cost.

Fewer than 20 cars will be available at ​launch.

Regulatory barriers remain before full driverless services can launch in London, including delays at authorisation body Transport for London.

Uber's Global Head of Autonomous Mobility ​Sarfraz Maredia said the launch would "build credibility with consumers ​as well as with the government".

British Transport Secretary Heidi Alexander said: "This is ‌a ⁠major milestone for the future of transport in London, as British innovation brings this technology onto our roads and gives passengers more choice."

Wayve's AI Driver learns from experience like a human ​driver, enabling ​it to adapt ⁠to new roads, vehicles, weather conditions and cities, the companies said.

Uber partnered with Wayve in ​2024, including an investment, with the aim of ​using ⁠future Wayve-powered vehicles in multiple markets.

Alex Kendall, CEO and co-founder of Wayve, said: "We're proud to introduce the Wayve AI Driver to ⁠the ​public for the first time right ​here in London, our home city and one of the most complex driving ​environments in the world."

Uber drivers have launched a landmark legal action against the ride-hailing company claiming they live in “constant fear” of a “soulless” algorithm it uses to set pay and allocate jobs.

Drivers from the UK, the Netherlands and other countries have joined the compensation claim that could run into billions of dollars. It alleges an AI-powered pay-setting system breaches data protection laws and pushes down their earnings.

The claim has been filed at Amsterdam’s district court, where the $150bn (£111bn) San Francisco tech company has its European HQ. It is the first collective legal move of its kind, according to the European Trade Union Confederation.

The case centres on an opaque “black box” algorithm fed on information about drivers, which sets a personalised rate for each ride. Drivers fear it pushes down fares to the minimum they are willing to accept.

Drivers have told the Guardian the algorithm has offered the same job to different people at different pay rates and offers them less for a return journey after a long trip because it calculates they will not want to come home empty.

“It is like someone watching you all the time and knowing about your weakness – the boss is the algorithm,” said Mohammed Shirwa, a 41-year-old Uber driver in Rotterdam. “All the time the algorithm is learning about you and what you are willing to accept. So the prices go low but you are stuck. It knows you need the job.”

Kola Oba, from Tottenham in north London, claims Uber exploits information it collects about him to push down fares.Kola Oba, who calls the algorithm “soulless”, was taking a break in Tottenham, north London, with another driver when they were offered the same job.

The other driver was offered £27 and Oba was offered £23. The pair suspected it was because Oba, 48, had taken several cheap jobs and the AI assumed he would accept a lower price. Uber has previously said such discrepancies were down to other features of its system including GPS, surge pricing, promotions and testing.

“It’s scary – they have all my information and they are using it against my own wellbeing,” Oba said. “It defines how much I earn, how long I have to work, my time with my family, my resting time.”

AI models take an increasing role in assigning work to humans by using their rapidly increasing power to learn about a business’s needs and staff behaviour and then acting as a “synthetic manager”.

The Dutch data protection authority fined ⁠Uber €825m (£708m) last month for deactivating driver ⁠accounts through automated systems without ​adequate notice. Uber said it would appeal. The company is also planning to roll out driverless cars in European cities from London to Zagreb, initially with human supervisions.

The legal case is being led by the Worker Info Exchange, a campaign group whose founder, James Farrar, secured a UK supreme court ruling that Uber drivers should have worker rights.

Relating to about 241,000 drivers across the EU and the UK, the claim alleges that Uber has unlawfully used automated decision-making, including profiling, in dynamically setting pay and allocating work.

The lawsuit, which also claims the company unlawfully used driver data to train its AI models, is seeking damages for affected drivers and an injunction to halt the conduct which it claims breaches GDPR data regulations.

The drivers claim Uber has operated dynamic pay-setting in the UK since 2023, pushing down their annual incomes by about £5,000. The system was introduced in the Netherlands this year.

Uber’s chief executive, Dara Khosrowshahi, said in 2023: “I think that what we can do better is targeting of different trips to different drivers based on their preferences or based on behavioural patterns that they’re showing us.”

Uber, which has its headquarters in San Francisco, said it categorically rejected the allegations. Photograph: Bloomberg/Getty ImagesUber said it did not adjust the price offered for a trip based on an individual driver’s behaviour and that a history of accepting or rejecting trips was not used to personalise pay offers. Instead, it said, dynamic pricing allowed it to increase pay on less attractive trips, boosting a driver’s earning potential.

“While we haven’t seen the claim yet, we categorically reject the allegations,” an Uber spokesperson said. “The Uber app uses real-time information about the trip such as journey, duration and destination to calculate fares.

“Drivers see their earnings and where a trip is going before they decide whether to accept it. The vast majority of total fares continue to go where they belong: into drivers’ pockets, and the percentage that Uber keeps from fares has remained relatively flat.”

A 2025 study by academics at the University of Oxford, which Uber said relied on incomplete and selective data, found there had been substantial cuts in driver earnings after the “dynamic” algorithm was introduced.

Farrar said: “It’s bad enough that Uber’s dynamic pay algorithms have squeezed driver pay for years now but the intrusive and underhanded way in which Uber uses its technology to monitor and influence drivers’ behaviour is an affront to their dignity as workers and as human beings.”

Anton Ekker, a Dutch lawyer leading the case, said: “A computer algorithm should not independently make decisions that strip individuals of their livelihood. Like so many other online platforms, it should be held accountable for the large-scale exploitation of vulnerabilities of European citizens.”

BNP Paribas decreased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 21.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,446 shares of the ride-sharing company’s stock after selling 47,747 shares during the quarter. BNP Paribas’ holdings in Uber Technologies were worth $12,464,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors boosted its stake in Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Public Investment Fund acquired a new position in Uber Technologies in the second quarter valued at about $5,256,173,439. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Finally, Northern Trust Corp grew its position in shares of Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages recently issued reports on UBER. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. Tigress Financial increased their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.25.

Get Our Latest Report on UBER Uber Technologies Trading Up 2.6% UBER opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The business’s 50-day simple moving average is $73.72 and its 200-day simple moving average is $73.43. The company has a market cap of $161.32 billion, a P/E ratio of 17.36, a PEG ratio of 6.20 and a beta of 1.13.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

More Uber Technologies News Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine Uber Technologies Company Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Alta Advisers Ltd purchased a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,110 shares of the ride-sharing company’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter worth $2,515,094,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Uber Technologies in the second quarter worth $752,151,000. Marshall Wace LLP increased its stake in Uber Technologies by 1,462.2% in the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock valued at $546,919,000 after acquiring an additional 6,264,946 shares during the last quarter. Employees Provident Fund Board bought a new position in Uber Technologies in the fourth quarter valued at $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in Uber Technologies in the first quarter valued at $222,983,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance NYSE UBER opened at $78.89 on Friday. The company has a 50-day simple moving average of $73.06 and a two-hundred day simple moving average of $73.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The firm has a market cap of $161.14 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 6.35 and a beta of 1.13.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current year. Wall Street Analyst Weigh In Several equities research analysts have issued reports on UBER shares. Sanford C. Bernstein dropped their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Fox Advisors upgraded Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $104.25.

Read Our Latest Stock Report on Uber Technologies

Uber Technologies News Summary Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: Robotaxi expansion strengthens Uber’s autonomous-vehicle narrative. Uber launched Baidu’s fully driverless Apollo Go service in Dubai and began autonomous rides in Zagreb, Croatia, with Pony.ai and Verne. These launches support Uber’s role as a global platform for third-party autonomous fleets, potentially adding future ride supply without requiring Uber to own the vehicles. Uber launches Baidu’s Apollo Go in Dubai Positive Sentiment: Nevada approvals provide a major commercial opportunity. Regulators approved permits allowing Tesla, Uber and Waymo to operate as many as 8,000 robotaxis in Clark County over the next year. The authorization gives Uber a path to scale autonomous rides in the Las Vegas market, although actual deployment and profitability remain uncertain. Nevada approves Tesla, Uber and Waymo robotaxis Positive Sentiment: Investor and analyst commentary remains supportive. Uber was selected as a “Stock to Study” by BetterInvesting Magazine, while CNBC commentary and Jim Cramer remained favorable toward the company’s long-term prospects. These endorsements are secondary catalysts but may reinforce positive sentiment following Uber’s recent earnings beat. Neutral Sentiment: Uber monetized part of its Aurora investment. The company sold approximately $472 million of Aurora Innovation stock while retaining more than 186 million shares. The transaction provides liquidity and may crystallize gains, but it also reduces Uber’s exposure to a key autonomous-driving investment. Uber sells $472 million of Aurora stock Negative Sentiment: A Dutch regulator imposed an €825 million ($966 million) fine. The penalty alleges Uber violated European data-protection rules by automatically suspending drivers without adequate notice or human review. The fine creates a sizable financial and compliance liability and could require changes to Uber’s driver-account procedures. Dutch regulator fines Uber for automated suspensions Negative Sentiment: Reports about algorithmic pricing add reputational and regulatory risk. Coverage of Uber’s AI-driven upfront pricing could increase scrutiny over how fares and driver pay are determined, particularly alongside the driver-suspension ruling. While dynamic pricing can support revenue optimization, concerns about transparency may pressure Uber to modify its systems. Uber Technologies Company Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Bell & Brown Wealth Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 36,388 shares of the ride-sharing company’s stock, valued at approximately $2,626,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in Uber Technologies during the 3rd quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $25,000. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $25,000. Imprint Wealth LLC bought a new position in Uber Technologies during the third quarter worth $32,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance UBER stock opened at $78.61 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day moving average is $72.86 and its 200-day moving average is $73.31. The stock has a market capitalization of $160.57 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 6.29 and a beta of 1.13. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year. Key Stories Impacting Uber Technologies Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: Robotaxi expansion in Dubai: Uber launched Baidu’s fully driverless Apollo Go vehicles on its platform in Dubai, creating what the companies described as the first global multi-partner autonomous network. The initiative strengthens Uber’s role as the marketplace connecting riders, autonomous fleets and local operators, without requiring Uber to build the vehicles itself. Uber Launches Baidu’s Fully Driverless Apollo Go in Dubai Positive Sentiment: Autonomous rides reach Europe: Uber, Pony.ai and Verne began offering autonomous rides in Zagreb, Croatia—the first European city where riders can book a self-driving vehicle through Uber’s app. The launch expands Uber’s long-term opportunity to participate in AV economics while relying on partners for vehicle technology and operations. Uber launches autonomous rides in Zagreb Positive Sentiment: Analyst and media support: Commentary comparing Uber with Lyft highlighted Uber’s stronger bookings growth, diversification and AV partnerships. Jim Cramer also remained bullish on Uber as a long-term holding, adding to the favorable sentiment around the stock. UBER or LYFT: Which Player Is Better-Placed Post-Q2 Earnings Results? Neutral Sentiment: Portfolio rebalancing involving Aurora: Uber sold approximately $472 million of Aurora Innovation stock but continues to own more than 186 million shares. The sale provides liquidity and may realize gains, although it reduces Uber’s direct exposure to Aurora’s future upside. Uber Sells $472 Million of Aurora Stock Negative Sentiment: Long-term competitive risk: Tesla’s planned Cybercab rollout could pressure ride-hailing pricing and margins if autonomous vehicles reduce the cost of competing services. The risk is longer term, but it highlights potential disruption to Uber’s core marketplace economics. Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft Wall Street Analyst Weigh In A number of brokerages have weighed in on UBER. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Mizuho set a $112.00 target price on Uber Technologies in a report on Thursday, August 6th. Sanford C. Bernstein dropped their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a report on Wednesday. Finally, Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

Check Out Our Latest Report on UBER

Uber Technologies Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Uber Technologies, Inc (NYSE: UBER) today announced that Baidu, Inc.’s (NASDAQ: BIDU and HKEX: 9888) fully driverless Apollo Go vehicles are officially available to riders on the Uber platform in Dubai, with New Horizon Luxury Transport serving as the fleet operator. This milestone reinforces Uber’s position as the platform of choice for autonomous vehicles (AVs) and marks a leap forward in expanding autonomous technology worldwide. As the inaugural step in a multi-year strategic partnership, Dubai serves as the launchpad for scaling thousands of Apollo Go vehicles across Uber’s global network.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260819810612/en/

Apollo Go’s sixth-generation RT6 is a purpose-built, fully electric robotaxi designed for fully driverless operations

Starting today, riders in Dubai requesting an UberX or Uber Comfort may be matched with a fully driverless Apollo Go vehicle. To increase the chances of being matched with a robotaxi, riders can also select the dedicated “Autonomous” option directly in the Uber app. At initial launch, the fully autonomous service will be available in select locations in Umm Suqeim and Jumeirah, with plans to expand the operating territory in the future.

“Bringing our partnership with Baidu to life is a major step forward as we expand autonomous mobility globally,” said Sarfraz Maredia, Global Head of Autonomous at Uber. “Launching in Dubai marks the first time our multi-partner vision comes to life on public roads, demonstrating how combining advanced autonomous technology with our global marketplace can accelerate an electric, shared, and autonomous future.”

"This launch marks a meaningful milestone in our partnership with Uber, with Dubai serving as the launchpad as the partnership grows its footprint," saidNan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group. "Dubai is also the first city where we've successfully established a dual-model offering both self-operated and partner-based autonomous ride-hailing services internationally. With this launch, we are excited to offer another way for riders in Dubai to enjoy the benefits of autonomous mobility."

The service will use Apollo Go’s sixth-generation RT6, a purpose-built, fully electric robotaxi designed for fully driverless operations. Accommodating up to three passengers, each vehicle is equipped with more than 30 sensors for comprehensive perception of its surroundings and real-time onboard data processing.

Apollo Go brings deep experience in large-scale, real-world deployment and continues to rapidly expand its global footprint. To date, Apollo Go has spanned 28 cities globally, and its fleets have accumulated over 350 million autonomous kilometers, including over 240 million fully driverless autonomous kilometers, with an outstanding safety record.

Safety remains Uber’s top priority. All autonomous vehicles, including Baidu’s Apollo Go, must adhere to Uber's stringent Safety Guidelines before operating on the network.

Uber is focused on making electric, shared, and autonomous transportation a reality. With more than 30 AV partners and millions of autonomous trips completed each year, the company is building the industry’s first hybrid network—where autonomous vehicles and drivers work side by side to make transportation more affordable, sustainable, and accessible for all.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 79 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Baidu

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260819810612/en/

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Uber chief operating officer Andrew Macdonald previously said it's getting harder to justify money spent on AI. Sam Barnes/Sportsfile for Collision via Getty Images Uber President and COO Andrew Macdonald is "tempted to say" the ride-hailing giant will have fewer employees in five years, but don't hold him to it.

"I think if you took everything Uber does today and held it static and said in five years you're going to need more or less people, I'd say, 'Well, we could do everything we do today with less people in five years because of the power of AI, but we're going to be doing a whole bunch of new interesting stuff,'" Macdonald said during a recent appearance on venture capitalist Harry Stebbings' "20VC" podcast. "And so maybe we need more employees to do that stuff."

Macdonald talked about how the company has a "disproportionate" head count in roles that seem ripe to be augmented and one day potentially replaced by AI.

"When you look at the largest teams from a numbers-of-people perspective, you do have disproportionate head count in like more producing type functions, whether it's customer support, sales, or content production, or analytics, where you're producing reports and dashboards and these sorts of things," he said. "And I think those sorts of functions lend themselves well to first augmentation by AI, and eventually, I think at least partial replacement by AI."

Macdonald, who is also Uber's chief operating officer, said the reason he's cautious about saying Uber will reduce its head count is that early AI workforce predictions haven't come to pass.

"The reason I won't emphatically state that is because I think that's sort of been proven wrong the last few years as AI has rolled out and employment in companies continues to grow," he said.

As for its last five years, Uber's head count overall has increased 54.4%, according to filings with the Securities and Exchange Commission. In July, Uber said it was laying off about 10% of its community operations team, which a company spokesperson previously told Business Insider was done to "simplify operations, strengthen in-person collaboration, and continue to embrace AI."

The ride-hailing company has about 36,600 global employees, according to its most recent filing.

A return to ROIMuch of the discussion returns to the question of return on investment. In May, Macdonald's comments about Uber not seeing enough return on investment for its AI spending went viral and were dissected across Silicon Valley and Wall Street.

Macdonald said that people didn't understand the nuance of what he was saying.

"I think AI skeptics were sort of like, 'See the Uber COO is saying there's no return on AI', which is obviously not what I was saying," he said. "On the other side, there was sort of this, if you were a fundamentalist AI evangelist, you were saying, this guy has no idea what he's talking about."

Uber is seeing ROI, Macdonald said. He listed a handful of examples, including reducing the time it takes to make financial forecasts and the turnaround time for marketing quality assurance. What remains difficult, he said, is quantifying it all.

"The natural question is, 'OK, great, how many of those people can I take out of my organization, so that I get the cost back and that flow through to the bottom line, or I can put it into other things?" he said. "But formulaically doing that is really hard."

Measuring is difficult, Macdonald said, because when AI reduces the time required for a task, another task takes its place.

"Drawing the direct line between 'I transformed this process and therefore I need two less operations analysts' is really tough to do," he said.

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Brent Griffiths is a senior reporter at Business Insider who covers AI and tech.Previously, he worked at the Washington Post as a researcher on Power Up and the Finance 202. He started his career at Politico where he worked on the web production team and covered breaking news. His passion for covering politics has only grown since he cut his teeth covering the presidential campaign as a student journalist. He's also contributed to the Almanac of American Politics.

Uber AI

Uber COO Andrew Macdonald said large companies with new ideas move more slowly than startups as employees get "fat" on the resources. Zed Jameson/Bloomberg via Getty Image At the top, it's hard to know where else to go.

In an interview on Harry Stebbings' 20VC podcast published on Monday, Andrew Macdonald, Uber's chief operating officer and president, said that finding new businesses can be challenging when the company's core business is already so large.

Call it the "classic innovator's dilemma," he said.

"The thing you've already built is so big that it just swallows up your organizational capacity to do anything else," Macdonald said. "And even if you're able to stand up other businesses, it's impossible for those businesses to get the resourcing, attention, distribution, marketing dollars, engineering capacity — whatever it is, it just gets swallowed up by the hole."

Macdonald said Uber is close to $250 billion in gross bookings on an annualized basis. At that scale, he said, a new product would need a plausible path to becoming a multibillion-dollar business before it's compelling enough for the company.

"It just actually constrains your thinking a little bit," Macdonald said.

Uber is operating at a formidable scale. The company reported $58 billion in gross bookings in its most recent quarter and $14.2 billion in revenue. Uber said the platform averaged 208 million monthly active platform consumers.

The company is still making big bets.

Autonomous vehicles, Macdonald said, are now Uber's "largest single area of investment." The company has partnered with a slew of robotaxi platforms, including Alphabet's Waymo, and launched Uber Autonomous Solutions earlier this year — a suite of services aimed at helping AV companies commercialize their tech. The Financial Times estimated in an April report that the company has committed more than $10 billion to investments in AV companies and spending on robotaxi fleets.

On Monday, Uber also unveiled a partnership with drone-delivery startup Zipline to allow Uber Eats customers to receive drone deliveries starting later this year. The companies said they were targeting one million daily drone deliveries by the end of 2029.

The partnership includes a "strategic investment" in Zipline by Uber.

Macdonald said on the podcast that the company tries to incubate fledgling ideas through a program called "Growth Bets," in which Uber dedicates employees to new projects rather than having people manage existing businesses simultaneously.

Even then, Macdonald said big companies throwing a ton of money at new projects often move more slowly than startups, as people get "fat on the resources."

The upside for Uber, he said, is that if a new idea works, the company can put it in front of more than 200 million people.

Not a bad head start.

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Uber

Uber is investing in, and partnering with, drone delivery company Zipline with the goal of making one million deliveries per day using the startup’s drones by the end of 2029.

Zipline drones will make the first deliveries on the Uber Eats platform by the end of this year, the companies said on Monday. These deliveries will start in Zipline’s existing markets, and the companies want to expand into “dozens of U.S. cities.”

The companies didn’t disclose the investment amount.

Uber has been taking on multiple drone delivery partners as it looks for ways to keep growing Uber Eats. The ride-hail giant is replicating the early business model it’s adopted for robotaxis and other services built around autonomous vehicles, which is to essentially bring as many companies on to its platform as possible.

This approach has helped Uber stay at the forefront of these new technologies despite selling off its own programs like the aerial ride-sharing service, Uber Elevate, and Uber Autonomous Technologies Group, which was working on autonomous vehicles. Investments have been a huge part of the strategy, with Uber committing more than $10 billion to dozens of autonomous vehicle providers.

The strategy is not a panacea, though. Uber recently clashed with one of its highest-profile partners so far, Waymo, and the companies are now expected to walk away from each other when their contracts expire in 2028. Uber and Waymo are also on different sides of a growing fight over autonomous vehicle regulation.

The ride-hail giant had tested the waters of drone delivery when it still had its Elevate division. The company dipped back into the idea late last year when it announced a partnership with Israeli startup Flytrex, which also came with a minor investment.

Uber thinks Zipline’s drones can fulfill orders on Uber Eats within five to ten minutes. “Truly quick commerce is proving to be an even bigger market than the original food market was,” Uber CEO Dara Khosrowshahi told the Wall Street Journal in an interview. “We think this can be an enormous tailwind for the next leg of growth for Eats.”

Zipline, based in San Francisco, recently closed an extended Series H funding round of $800 million, pushing its valuation to $7.6 billion.

“Every great transportation revolution has changed where people live, how businesses operate, and how economies grow,” Zipline co-founder Keller Cliffton said in a statement. “Together with Uber, we’re taking the next step toward building a world where getting what you need is as fast and effortless as sending a text, no matter where you are.”

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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.

You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.

Expanded partnership builds on the partnership in Zagreb and targets four additional cities in Europe.

, /PRNewswire/ -- Pony AI Inc. ("Pony.ai") (NASDAQ: PONY; HKEX: 2026), a global leader in the large-scale commercialization of autonomous driving technology, and Uber Technologies, Inc. ("Uber") (NYSE: UBER), today announced an expansion of their strategic partnership, with plans to collaborate on the deployment of more than 2,000 Pony.ai Robotaxis across Europe.     

The partnership will expand from the existing commercial service in Zagreb, coming soon to the Uber platform, to four additional cities in Europe. Additional details about the rollout will be announced in phases and the expanded partnership also includes plans to deploy in the Middle East.     

The expanded agreement gives Pony.ai's joint-deployment model a clearer path to commercial scale. The model brings together three core functions required to operate Robotaxi services at scale: Level 4 (L4) autonomous driving technology, a leading mobility platform, and day-to-day fleet operations. It allows technology, platform, and fleet partners to work together in the same market, while individual partners may also take on more than one role. Vehicle funding and ownership can sit with different partners depending on the market.

Under the expanded partnership, Pony.ai will provide its L4 autonomous driving technology, rider-experience and operational expertise developed through multiple large-scale Robotaxi deployments while Uber will provide customer access through its leading global mobility platform, including booking, payment, and customer service capabilities, alongside its growing network of human drivers. Day-to-day fleet operations may be carried out by established local fleet partners selected for each market.

Pony.ai operates paid, fully driverless Robotaxi services in China's four tier-one cities, where it has achieved city-wide breakeven unit economics in multiple markets, validating its commercially sustainable model for operating Robotaxis at scale.

For Pony.ai, the expanded partnership with Uber marks a further evolution of its growth strategy, complementing continued expansion into new markets with fleet deployments at regional scale. The collaboration dates back to May 2025, when Pony.ai and Uber first announced plans to bring Pony.ai Robotaxis onto the Uber platform in international markets. In 2026, the companies worked with Croatian mobility company Verne to launch Europe's first commercial Robotaxi service in Zagreb, with Verne serving as the local fleet owner and operator.

"This expanded agreement marks an important new phase in the partnership between Pony.ai and Uber. It reflects our shared commitment to bringing safe, reliable Robotaxi services to more European cities," said Dr. James Peng, Founder and CEO of Pony.ai. "By combining Pony.ai's proven autonomous driving technology and operational know-how with Uber's global mobility platform and extensive market reach, we aim to build sustained commercial operations at scale across Europe and beyond."

"The next chapter for autonomous mobility is about moving from individual launches to repeatable commercial scale," said Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber. "Together with Pony.ai, we're combining advanced autonomous technology with Uber's hybrid platform, on-the-ground experience, and operational excellence, to build a model that can quickly and reliably expand across cities."    

About Pony AI Inc.

Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai's proprietary software, hardware and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, Asia, the Middle East and other regions, ensuring widespread access to its advanced technology.

About Uber Technologies, Inc.

Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 79 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Pony.ai's beliefs, plans, and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai's filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Amid a rising stock market, Uber (UBER -4.05%) is down by about 8% year to date, but the company's fundamentals reflect a different reality. It is the leader in the ride-hailing industry, and it continues to gain market share. Furthermore, its valuation has become more compelling due to the prolonged slide it has been experiencing since last autumn.

A stock's price should not continue to drop as the company's underlying fundamentals improve. Eventually, a rally should take shape, and Uber has a few catalysts that could bring it back into the green this year.

Image source: Getty Images.

New users are flocking to Uber In the press release announcing Uber's Q2 results, CEO Dara Khosrowshahi said that the platform had "added more first-time users over the past 12 months than in any period over the past five years." More users translated into higher revenue growth rates, but good retention rates can give the company's recent revenue gains a solid foundation.

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The company's monthly active platform consumers rose by 16% year over year, which means people who use the app are requesting rides throughout the year. That growth also came with an 18% year-over-year increase in trips.

Although Uber got its start with ride-hailing services, its food delivery business has become a major catalyst. In fact, the delivery segment drove most of the revenue growth. It was up by 28% year over year in the second quarter, while the transportation component of the app only posted 1% growth. Deliveries now make up more than one-third of total sales.

Rising profits and a falling stock price translate into a low valuation The revenue growth has also come with rising profit margins. After being unprofitable for more than a decade, Uber started to turn a profit in 2023, and its net income has continued to climb.

Its non-GAAP (adjusted) net income, which does not reflect gains from its equity investments, was up by 29% in Q2. Its $1.6 billion in non-GAAP net income resulted in an 11.6% profit margin.

To top it all off, Uber trades at a P/E ratio of just under 17 today. Its food delivery competitor DoorDash (DASH +0.23%) commands a P/E ratio of around 110. Although DoorDash is growing at a faster rate than Uber, the latter is delivering higher margins. Uber may also see a long-term revenue boost once autonomous vehicles become more common on its platform.

Although Uber doesn't deserve a 110 P/E ratio, and investors can make an argument about DoorDash being overvalued, the stock's current valuation suggests that a rally may be imminent. Uber is riding long-term tailwinds that should support elevated revenue and net income in future quarters.

Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DoorDash. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.

A hacking and extortion gang has taken credit for a cyberattack and data breach at Uber Freight, the ride-sharing giant’s logistics subsidiary.

A spokesperson for Uber Freight told Reuters, which first reported the incident, that there was no effect on its business operations and that its systems were running normally (The company did not immediately respond to TechCrunch’s questions about the incident.)

The shipping company is the latest victim in a spate of hacks in recent weeks conducted by the Helix hacking group, which has targeted transportation companies, financial giants, and private equity firms throughout the year. The hackers are known for targeting companies and exfiltrating large amounts of data from their cloud environments, which they then threaten to publish if the victim companies do not pay a ransom.

In a post on its data leak site, which it uses to host the stolen files, the Helix hackers claim to have taken mailboxes, cloud storage drives, files relating to accounts payable and dispatch documents from Uber Freight.

Some of the files seen by TechCrunch appear to show email correspondence between Uber Freight and several of its customers. TechCrunch could not immediately verify the authenticity of the files, which appeared to be dated around mid-June.

Uber Freight has not yet said if it received any correspondence from the hackers, or if it paid the hackers a ransom. 

Google said earlier this week that the Helix hacking group is part of a wider umbrella collective of hackers that it tracks as UNC6671. The gang relies on social engineering tactics, such as voice phishing, a tactic that involves calling up IT helpdesks and requesting the reset of employee passwords. Security researchers have long warned that these attacks, while crude and rudimentary, are highly effective at tricking humans into granting access to sensitive systems.

In its blog post, Google said a review of the gang’s bitcoin wallets shows it has made at least $10.6 million in ransom payments between January and May this year.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Zack Whittaker is the security editor at TechCrunch. He also authors the weekly cybersecurity newsletter, this week in security.

He can be reached via encrypted message at zackwhittaker.1337 on Signal. You can also contact him by email, or to verify outreach, at [email protected].

Legendary hedge fund investor and billionaire Bill Ackman went all in on Uber Technologies (UBER +0.24%) at the start of 2025, but more than a year and a half later, his $2 billion investment in the rideshare operator hasn't gone very far. He's still probably up on his investment, having reportedly bought most of his shares in early January 2025, but after a surge to over $100 per share, the stock is off 25% from its highs and up only about 15% from early January 2025.

When Ackman revealed his stake in Uber in February 2025, he called it "one of the best-managed and highest quality businesses in the world." He said the long-term risk from autonomous driving looked limited, believing these companies are more likely to partner with Uber given its scaled network.

He also noted that delivery, which makes up half its bookings, is unlikely to be affected given the need for a person to pick up and deliver the food. Ackman also believed the company was well positioned to see rapid earnings growth in the medium term coming from a combination of strong revenue growth and expense control.

Today's Change

(

0.24

%) $

0.19

Current Price

$

78.22

Bullish thesis remains on track Ackman's thesis that Uber would see strong operating leverage and brisk earnings growth has largely been playing out, even if the stock hasn't always followed suit. The stock immediately fell in the aftermath of its Q2 results, reported before the bell on Aug. 5, although it has since rebounded.

Bill Ackman. Image source: Getty Images.

For the quarter, Uber's revenue climbed 12% year over year, or 11% on a constant currency basis, to $14.19 billion. However, it saw an 8-percentage-point headwind because of a business model change in some international markets that affected its accounting.

The change stems from laws in the U.K. and some other European countries that require the company to classify drivers as workers rather than independent contractors, shifting how things such as fares and drivers' earnings affect revenue in these markets. However, the reclassification doesn't affect other metrics such as operating income, adjusted EBITDA, or free cash flow.

Nonetheless, the revenue number came up just short of the analyst consensus for revenue of $14.24 billion, as compiled by LSEG, and its guidance was below expectations.

Both the company's main segments -- mobility (rideshare) and delivery (home to UberEats) -- saw strong gross bookings (the total dollar amount billed to customers) in Q2. Mobility gross bookings climbed 22% to $29 billion, although its revenue rose by just 1% to $7.4 billion because of the business model change. Segment adjusted EBITDA, however, climbed 28% to $2.2 billion. Its U.S. mobility operations benefited from the World Cup, as well as newer offerings like U4B, or Uber for business.

Delivery gross bookings climbed 26% to $27.5 billion, while revenue grew 28% to $5.2 billion and segment EBITDA increased 38% to nearly $1.1 billion. The company also announced earlier that it will acquire Germany's Delivery Hero to help expand its international presence.

Uber's overall gross bookings rose 24% year over year in the quarter, while trips in the quarter climbed 18% to 3.9 billion. Showing strong operating leverage in the business, adjusted EBITDA surged 33% to $2.8 billion, while adjusted EPS soared 35% to $0.81. However, that just met analyst EPS estimates.

Looking ahead, the company forecast gross bookings to rise between 18% and 22% to a range of $58.25 billion to $60.25 billion. It projected that adjusted EPS would increase to a range of $0.84 to $0.88, representing growth of 28% to 35%. That was below the $0.89 analyst consensus, according to LSEG.

Is the stock a buy? Trading at a forward P/E of 17 based on 2027 analyst estimates, Uber's stock is attractively valued given the strong bookings growth and operating leverage its business is seeing. The company isn't sitting still, with new offerings, such as U4B, and expansion into lower-density markets representing solid growth opportunities. Meanwhile, the acquisition of Delivery Hero should help it scale its delivery network in international markets via its various brands.

The ultimate impact of robotaxis on its business remains a question, but the company is investing in the space with various partners and targeting being in 15 cities or more by the end of 2027. It looks as if the company should continue to play an important role in the rideshare and delivery markets in the future. Given its current valuation, I think the stock looks attractive at current levels.

Key Takeaways In Q2, Serve cut 2026 revenue guidance to $9M-$10M from $26M after removing an expected Uber volume ramp.DoorDash partnership revenues grew nearly 50% sequentially, while recurring revenues topped 50% of total.Serve is building direct merchant access with Beacon and plans another product this fall to broaden demand. Serve Robotics Inc. (SERV - Free Report) used its second-quarter 2026 earnings call to explain a sharp reset in its Uber relationship and 2026 revenue outlook after delivery volume declined for the first time in 17 quarters.

CEO Ali Kashani and CFO Brian Read framed the shift as reallocating fleet capacity and capital toward stronger utilization, recurring revenue and operating alignment.

SERV Recasts the Uber RelationshipCo-Founder and CEO Ali Kashani said lower-than-expected robot utilization through Uber reflected differences over fleet coordination, merchant integration and the operating model, rather than weaker customer or merchant demand.

Kashani said Serve does not currently expect to renew the Uber agreement when it expires in early 2027 unless the operating model improves meaningfully. Discussions with Uber are continuing.

Prior guidance assumed a substantial second-half Uber volume ramp, which Serve removed from the 2026 outlook.

Serve Resets 2026 Outlook and SpendingSERV’s second-quarter revenues were $3.24 million, up 404% year over year and 9% sequentially, but missed the $3.54 million Zacks Consensus Estimate. Non-GAAP net loss was $47.1 million, or 59 cents per share. The reported loss of 80 cents per share was wider than the 69-cent Zacks Consensus Estimate.

Serve cut full-year 2026 revenue guidance to $9 million-$10 million from $26 million.

The company’s 2026 non-GAAP operating expense guidance fell to $140 million-$150 million from $160 million-$170 million. Planned capital expenditures were reduced to about $15 million-$17 million from roughly $25 million.

SERV Leans on Diversified Revenue ChannelsCo-Founder and CEO Ali Kashani highlighted DoorDash as a counterpoint to Uber, saying partnership revenues grew nearly 50% sequentially in the second quarter. He also said another major delivery marketplace partnership was set to be announced.

Kashani said advertising represented nearly half of robotic food-delivery revenues. CFO Brian Read added that campaigns span local and national customers, with robot wraps still the primary format.

The CFO said recurring revenues exceeded 50% of total revenues, supported by hospital robotics. Serve signed seven multiyear hospital contract extensions and added two new hospitals in the first half of 2026.

Serve Builds More Direct Merchant AccessAli Kashani said Serve is developing direct distribution to reduce dependence on any single delivery platform. Beacon, a cellular countertop device, is designed to connect restaurants directly with Serve.

The CEO said almost two-thirds of delivery orders in Serve's operating areas cannot use robotic last-mile delivery because of back-of-house integration barriers. Beacon is intended to work without restaurant internet or point-of-sale integration.

Kashani also said Serve plans another product later this fall aimed at generating direct customer demand and broadening the goods its network can move beyond food.

SERV Q&A Presses Utilization and AutonomyA Northland Capital Markets analyst pressed management on the second-quarter utilization decline. Co-Founder and CEO Ali Kashani said Serve and Uber were not fully aligned on order allocation, fleet organization and operating responsibility.

An Oppenheimer analyst asked how investors should track autonomy efficiency. Kashani said key measures are whether robots become faster, safer and more reliable while supporting revenue growth and margin improvement.

A Ladenburg Thalmann analyst asked about advertising. Both the CEO and CFO said Serve is seeing local and national campaigns plus growing experiential use, but management did not provide separate advertising guidance.

Serve Narrows Priorities After the ResetCFO Brian Read said spending will increasingly focus on autonomy performance, utilization, recurring revenues and gross-margin improvement. He also said Serve is reviewing overlapping G&A and shared services while integrating Diligent Robotics.

Read emphasized that core autonomy and software remain investment areas.

The CFO framed the updated plan around tighter prioritization, with capital focused on robot productivity and operating leverage.

SERV’s Zacks Rank & Style Scores Stay CautiousSERV currently carries a Zacks Rank #3 (Hold). Its Value Score is F, Growth Score is F, Momentum Score is C and VGM Score is F, leaving it without the A or B Style Scores that provide stronger complementary signals to top Zacks Ranks.

The rank does not carry the same positive signal as Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks, while the Style Score hierarchy places C above F but below A and B. The Zacks Rank can change as estimates are revised after the just-reported results.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Uber's CTO said the company's tokenmaxxing era is coming to an end. Big Event Media/Getty Images for HumanX Conference Uber is shutting the door on its infamous tokenmaxxing era.

In a Wednesday X post, Uber CTO Praveen Neppalli Naga said the company is seeing some "very interesting trends on AI costs," and that this was "another signal that we're coming to the end of the so-called 'tokenmaxxing' era."

Tokenmaxxing is an enterprise AI trend that emerged in the first half of 2026, in which companies urge their employees to adopt AI as much as possible in their workflows. Some companies made AI usage a performance metric that staff would be evaluated on.

Naga said that since the beginning of the year, the number of people at Uber using frontier AI tools has quadrupled, but this has coincided with a decline in per-AI-token costs.

The company managed to lower costs by improving its prompt caching process, using better default models, giving engineers better visibility into their AI usage, and experimenting with open-weight models, Naga wrote in his post.

"The next phase, whatever we call it, will not be characterized by who spends the most tokens, but about how people use them as efficiently as possible," he added.

Uber's finance chief, Balaji Krishnamurthy, shared similar updates during the company's second-quarter earnings call on Wednesday.

"On AI, we are very early, but what we are seeing is that we are able to cost-efficiently deliver some productivity lifts with developers," he said.

"And for the measurement that we are looking at right now, we are seeing doubling in the code output for engineers," Krishnamurthy added.

Uber made headlines earlier this year for igniting the tokenmaxxing trend, with Naga saying in April that the company had already blown through its 2026 budget for Anthropic's Claude Code. He said in a March LinkedIn post that 1,800 code changes weekly were entirely written by its internal coding agent.

But in May, Uber COO Andrew Macdonald said in an interview that it was getting harder to justify the trade-offs of AI investments in the company. He said he wasn't seeing proportional productivity gains from the increased AI costs.

This is not only an Uber problem; the rest of the tech industry has been grappling with how to get better returns on investment from their highly inflated AI spending. Some, like Coinbase, have said they're experimenting with model switching, which involves assigning the most challenging tasks to frontier models and offloading easier, repetitive tasks to cheaper ones.

The problem of enterprise AI spending has also driven a new wave of businesses geared toward helping companies reduce their costs. Some are consultancies that give executives advice on how to allocate their AI budgets; others are building products like inference infrastructure to help companies scale their AI products cost-effectively.

Read next

Aditi Bharade You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Uber

“What I am increasingly optimistic about are the potential with drones,” Khosrowshahi said on Uber’s second-quarter earnings call.

Cutting food delivery times from roughly 30 minutes today to as little as 10 to 15 minutes could fundamentally change the customer experience, he argues.

Why Uber Is Looking UpUber has spent the past year expanding partnerships across robotaxis and sidewalk delivery robots as well as drone delivery company Flytrex.

“Drone delivery can cut the timing of delivery significantly,” Khosrowshahi said, acknowledging that it will take time before costs become sustainable. Even so, he believes the improvement in speed could make the technology compelling for consumers.

“Already… ordering dinner and getting it delivered to your home in 30 minutes is a magical experience,” he added. “We think in 15 minutes—it’s going to be, you know, 10 to 15 minutes—is going to be an even more magical experience.”

Uber’s Autonomous Strategy Goes Beyond Self-Driving Cars Uber is already working with partners including Serve Robotics Inc. (NASDAQ:SERV) and Cartken on sidewalk delivery robots. Drones represent the next frontier for faster deliveries.

“While we’re on the sidewalks now as it relates to our delivery business, we’re looking forward to getting in the air with some of the partners out there,” Khosrowshahi said.

The comments also underscore that Uber’s autonomous strategy is broader than self-driving cars.

Much of the company’s recent autonomous vehicle narrative has centered on partnerships with companies including Waymo, Zoox, Wayve and Nuro. But management is increasingly describing autonomy as an ecosystem that spans robotaxis, delivery robots and aerial drones, with Uber serving as the platform connecting those technologies to consumers.

For investors, the takeaway is that Uber’s automation strategy isn’t solely about replacing drivers. The company also sees faster deliveries as a meaningful opportunity to improve the customer experience—and Khosrowshahi believes reducing delivery times to 10 to 15 minutes could be one of the clearest examples of that vision coming to life.

Photo courtesy: Shutterstock

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Uber Technologies UBER stock is under pressure on Wednesday morning, weakness that is being attributed primarily to the company’s disappointing Q2 earnings.

The ride-hailing giant reported $14.19 billion in revenue for its second quarter – missed the consensus estimate set at $14.24 billion – on essentially in-line 81 cents a share of earnings (EPS).

But a deeper dive suggests there’s actually more at play that is hurting UBER shares on August 5th.

Uber shares are slipping today also because management announced plans to spend more than $10 billion on autonomous vehicle commercialization over the coming years.

Given that the company has historically relied on asset-light AV partnerships, this bold commitment raised immediate questions regarding near-term capital discipline and free cash flow generation.

The announcement is proving particularly bearish as investors are still digesting UBER’s pending $14.8 billion acquisition of Delivery Hero, which will be funded via existing liquidity and debt.

Pairing this mega-deal with a new $10 billion autonomous vehicle pledge has amplified fears of execution risks and leverage strain.

Additionally, the post-earnings decline crashed Uber Technologies below its key moving averages (20-day and 50-day), bringing algorithmic selling into the equation as well.

While Q2 financials were not ultra bearish, the real pressure on UBER stock came from guidance.

Management expects non-GAAP earnings per share (EPS) to print at $0.86 in the current quarter, well below the $0.89 that analysts had called for.

Crucially, the outlook for Q3 gross bookings ($59.25 billion) also came in a little shy of consensus – due to foreign exchange headwinds that are expected to drag the metric down by about 1%.  

Other reasons that contributed to the muted future outlook include reinvestment of cost savings into lower-cost product tiers (such as Wait & Save and shared rides) and tougher year-over-year comps.

Note that Uber Technologies Inc does not currently pay a dividend to incentivize ownership despite soft guidance either.

Finally, the market remains cautious on UBER shares following recent disclosures that Waymo plans to launch its own standalone ride-hailing app in key markets like Austin and Atlanta starting in 2028.

Disintermediation fears are brewing as the Alphabet subsidiary weighs bypassing Uber’s network.

If Waymo launches its own app, it will transition from a lucrative tech partners into a formidable, well-capitalized competitor threatening UBER’s long-term growth premium.

This shift could strip premium autonomous volume from the firm’s network, severely compressing its take-rates in high-density urban markets.

Consequently, Uber faces the dual threat of accelerating driver supply costs and shrinking market share, clouding its path to sustained free cash flow dominance and triggering widespread valuation multiple compression.

That said, Wall Street continues to rate UBER at Strong Buy.

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Uber is applying AI in lots of small ways to its operations, CEO Dara Khosrowshahi said. Bloomberg/Getty Images AI is reshaping Uber — gradually, and as it keeps a handle on AI spending.

The ride-hailing company kept a lid on its token spending during the second quarter by "by setting better defaults for different use cases," using lower-cost models for some tasks, and "letting employees more clearly understand and manage their spend," CFO Balaji Krishnamurthy said in prepared remarks after the company reported quarterly earnings on Wednesday.

"As a result, cost per token has declined over the past several months, even as adoption has continued to increase, allowing us to keep overall AI spend broadly stable," Krishnamurthy said.

Earlier this year, CTO Praveen Neppalli Naga went viral after saying that Uber had spent its Claude Code budget for 2026 after just a few months.

These days, Uber is also using AI to make lots of tiny changes to its app and offerings instead of taking big swings, CEO Dara Khosrowshahi said on the company's earnings call on Wednesday.

One example: Using AI, Uber provides destination suggestions when customers open the app to request a ride. Three-quarters of the time, the app correctly predicts where the ride is going with those suggestions, Khosrowshahi said.

"A lot of people expect these technologies that are revolutionary — and AI is revolutionary — to have some giant hit," he said.

Instead, "it's going to be thousands of small hits and improvements to our ecosystem that's going to drive, we think, growth for the foreseeable future," Khosrowshahi added.

Uber is also reshaping its internal operations with AI. The company laid off about 10% of its customer service workers last month, citing the opportunity for efficiency gains from AI.

On Wednesday's call, Krishnamurthy pointed to customer service as "a clear area where we should be able to up the quality of our customer support interactions as well as reduce the cost of our effort."

The company has also used "agentic pods" to find uses for AI from finance to HR.

Uber's consumer-facing uses of AI are also progressing, though they are unlikely to come all at once, Khosrowshahi said on the call.

Uber facilitates "hundreds of thousands" of rides in self-driving cars each week — less than 0.5% of the 300 million trips that happen through the app in the same period, the CEO said.

By contrast, AI has already become common for many online search users, Khosrowshahi said. Unlike AI chatbots, Uber's physical use of AI through robotaxis requires real-world testing and government approvals, he added.

Uber is also experimenting with other uses of AI that "improve the fundamental experience of the consumer," Khosrowshahi said. He pointed to Cart Assistant, which can create a shopping cart of grocery items in the Uber app from a recipe or shopping list and edit the cart based on feedback from customers.

Cart Assistant users have cart sizes that are twice as large as those of users who didn't use the AI tool, Khosrowshahi said.

"You should expect AI to contribute to average order size, the quality and reliability of our service as well, and putting the right product in front of you at the right time," he said.

Do you have a story idea about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

Uber AI Artificial Intelligence More self-driving cars ride-hailing Tech

watch now

Uber issued a forecast for bookings and earnings that trailed analysts' estimates, while second-quarter profit was in line with expectations. Shares sank about 3.5% on Wednesday following the print.

Here's how the company did versus analysts' estimates compiled by LSEG:

Earnings per share: 81 cents vs. 81 cents expectedRevenue: $14.19 billion vs. $14.24 billion expectedRevenue increased 12% from $12.65 billion a year earlier. Net income climbed to $2.39 billion, or $1.17 a share, from $1.35 billion, or 63 cents a share, a year ago.

Uber's core mobility service accounted for $7.36 billion of second-quarter sales, while delivery revenue reached $5.25 billion. Mobility gross bookings rose 22% from a year to $28.99 billion, and delivery bookings jumped 26% $27.46 billion. Total bookings of $58 billion topped the $57.23 billion average analyst estimate, according to StreetAccount.

For the third quarter, Uber sees bookings of $59.25 billion at the middle of its range. That trails the average StreetAccount estimate of $59.33 billion. And the company's EPS forecast of 84 cents to 88 cents fell below the 89-cent average analyst estimate, according to LSEG.

Uber shares are down 12% this year as of Tuesday's close, while the Nasdaq is up 14% over that stretch.

Uber stock chart

Uber is pushing further into deliveries, and last month announced a $14.8 billion agreement to acquire Germany's Delivery Hero. That deal will increase the number of markets where Uber can deliver food and groceries.

CEO Dara Khosrowshahi said in prepared remarks ahead of the earnings call that the World Cup was a boon for the ride-hail business in the quarter. More than 8 million tourists took rides across host cities in the U.S., Canada and Mexico

Uber is also continuing to make big bets on autonomous vehicles.

Read more CNBC tech newsSpaceX revenue jumps 92% and AI costs soar in first earnings report since IPONJ files antitrust suit against Amazon, alleging it unlawfully wielded power over delivery contractorsPalantir stock skyrockets on 'otherworldly' commercial revenue — here's what's driving the demandHow the 'Baby iPhone' and an Apple supplier leak explain China's recent supply chain movesThe company said it expects to commit more than $10 billion in coming years to "bring AVs to market at scale." Uber, which has been inking partnerships with robotaxi providers, doesn't break out the share of rides or deliveries that have drivers and those that don't.

"As the industry shifts from proving the technology to commercializing it at scale," Uber is building "one of the most valuable positions in the AV ecosystem," Khosrowshahi said.

However, early robotaxi partner Waymo appears to be pulling away. The companies recently said they would be ending an exclusive agreement in Atlanta and Austin, Texas, by early 2028.

Uber also announced on Wednesday that it has cleared another hurdle in offering autonomous rides in London with UK robotaxi company Wayve.

Transport for London has granted Private Hire Vehicle licences to Wayve robotaxis, confirming that the vehicles meet safety standards. Uber said more than 100,000 people have signed up to be the first riders.

"This licence is a key milestone in bringing autonomous rides to London on Uber," said Global Head of Autonomous Mobility Operations Annie Duvnjak in a statement announcing the news.

Uber has partnered with — and in some cases made direct investments in — more than 30 autonomous vehicle companies over the past two years. And it’s taking a global approach.

Here, TechCrunch tracks every one of those moves in one place. But first, a bit of history. 

Uber was, at one time, developing and testing its own autonomous vehicle (AV) technology. The company, then led by Travis Kalanick, created Uber Advanced Technologies Group (ATG) in 2014 and recruited dozens of researchers from Carnegie Mellon University’s robotics program. 

Two years later, Uber acquired Otto, a self-driving truck company founded by former Google self-driving engineer Anthony Levandowski, Lior Ron, Don Burnette (who has since gone on to found Kodiak AI), and Claire Delaunay. Uber also began testing its AVs on public streets in 2016 across California, Pittsburgh, and Arizona. 

All of that progress unraveled across three defining moments: Waymo’s trade secrets lawsuit against Uber, the resignation of Kalanick in 2017, and a fatal crash in Tempe, Arizona, in 2018 involving its self-driving Volvo XC90, which struck and killed a pedestrian. (The vehicle was in autonomous mode, and a human safety operator behind the wheel at the time wasn’t paying attention.) Uber suspended its testing and reorganized the program, although it never truly returned to its mission.

After Dara Khosrowshahi took the wheel at Uber, the company went through a reset. 

In 2020, Uber walked away from all of its moonshots, including autonomous vehicles, to focus on its core businesses of ride-hailing and delivery using human-driven vehicles. Uber sold Uber ATG to Aurora, Jump to Lime, and Elevate to Joby Aviation. It didn’t completely divest, though. Uber kept equity stakes in all of them.

Just two years later, Uber crept back in and started making AV deals. The deal flow picked up in earnest in 2024. Below is the full list, which TechCrunch will keep updated as Uber makes new moves.

Aurora Image Credits:Aurora Innovation Uber has been connected with Aurora since 2020 when, as mentioned above, it sold its Uber ATG unit to the company. Uber received equity in Aurora as part of that deal and still owns that stake. As of this past April, Uber, through its holding company Neben Holdings, owns 325.97 million Aurora Class A shares, representing a 19.7% Class A equity stake and 6.9% voting power, according to SEC filings. 

Uber Freight, the logistics business spun out of Uber in 2018, announced in June 2024 a multi-year collaboration with Aurora that expanded upon an existing pilot program. In May 2025, the companies said Aurora’s self-driving trucks had been completing roundtrip hauls between Dallas and Houston via the Uber Freight platform. 

Autobrains In June 2026, the companies announced plans to launch a robotaxi program in Munich, pending regulatory approval. The partnership lacks some details, such as what vehicle will be used. The companies pitched this as an OEM-agnostic model. Vehicles will be equipped with Israel-based Autobrains’ agentic AI driving system, which runs on Nvidia’s Drive Hyperion platform. The robotaxis will be available via Uber’s app. 

Avomo Avomo, a European company that was previously known as Moove Cars, is an autonomous fleet operator partner. Uber actually took a 30% stake in Avomo in 2021. 

And while Avomo might not have the same name recognition as other players, it is embedded in Uber’s AV business. For instance, it is the company responsible for managing fleet services such as vehicle cleaning, maintenance, inspections, charging, and depot operations for the Waymo-Uber partnership in Austin. Avomo also handles fleet operations for Uber as part of its robotaxi service agreement with WeRide in Madrid, which was announced in June 2026. 

Important note: don’t mistake Avomo (formerly Moove Cars), for Moove, an African company that manages Waymo’s AV fleet in Phoenix.

Avride Image Credits:Avride Avride, the Yandex spinout now under parent company Nebius Group, announced a multi-year deal with Uber in October 2024 to bring Avride’s sidewalk delivery robots and autonomous vehicles to both Uber’s delivery unit, Uber Eats, and Uber’s ride-hailing app. 

In February 2025, Uber shared in its fourth-quarter earnings that Uber Eats orders in Austin and Dallas were being delivered via autonomous sidewalk robots in partnership with Avride. Avride disclosed in fall 2025 that it had secured strategic investments and commercial commitments worth $375 million from Uber and Nebius. Neither company provided details on the investment and how much was capital. 

By the end of 2025, Avride robotaxis — built on Hyundai IONIQ 5s outfitted with Avride’s self-driving system — were available on the Uber app in Dallas. The National Highway Traffic Safety Administration opened an investigation into Avride in May 2026 after identifying more than a dozen crashes and one minor injury.

As of this past June, these were not driverless and still had a human safety operator behind the wheel. 

Baidu Uber announced a multi-year strategic partnership with the Chinese tech giant in July 2025. Under the agreement, thousands of Baidu’s Apollo Go autonomous vehicles will be deployed on the Uber platform in multiple markets outside the U.S. and mainland China. Those deployments were set to start in Asia and the Middle East later in 2025, the companies said at the time.

In late 2025, Baidu said it would start testing Apollo Go robotaxis in London in the first half of 2026 through its partnership with Uber. As of June, those tests had not begun. 

Cartken  The sidewalk delivery robot company started working with Uber in 2022, announcing a partnership to deliver food in Miami, with plans to add more cities in 2023. The two companies expanded to commercial deliveries in Fairfax, Virginia that same year and, in February 2025, announced that they were delivering food in Osaka, Japan, using Cartken robots.

Cartken shifted its focus to industrial robots by summer 2025. The company said it would maintain its food and consumer last-mile delivery business, but had no plans to expand it. 

Coco A Coco robot in Santa Monica, California on August 14, 2024.Image Credits:James D. Morgan / Contributor / Getty Images In 2024, the two companies announced a partnership to use Coco’s sidewalk robots to deliver food for Uber Eats customers, starting in Los Angeles. The partnership expanded to neighborhoods in Miami in April 2025.

Cruise Uber and GM’s Cruise announced a strategic partnership in August 2024 to bring Cruise’s robotaxis onto the Uber app in 2025. That announcement was notable for Cruise, which had gone through a major overhaul, including layoffs and the resignation of its co-founders after one of its robotaxis struck a pedestrian in October 2023.

The Cruise reboot never got off the ground; in December 2024, citing high costs and mounting competition, GM pulled the plug on Cruise’s robotaxi business entirely and folded the unit into its broader engineering operations.

The partnership no longer exists because — welp — Cruise itself doesn’t, at least not as a robotaxi company. But at one time, the two companies had struck a deal.

Flytrex Uber announced in September 2025 a partnership with drone delivery company Flytrex. The partnership also included a small investment in Flytrex, although the amount was not disclosed.

Hertz  Hertz isn’t developing autonomous vehicle tech, but it’s still worth including the rental car company here. In April of this year, Uber formed strategic fleet partnerships with Hertz and its affiliated operating company Oro Mobility. 

This deal is part of Uber’s plans to launch a premium robotaxi service using Lucid vehicles equipped with Nuro’s self-driving system. Hertz has been tasked with day-to-day fleet management, including charging, maintenance, repairs, cleaning, and depot staffing. 

Lucid Image Credits:Uber Uber has put real money behind EV maker Lucid Motors. Uber announced plans in 2025 to launch a premium robotaxi service using robotaxi-ready vehicles from Lucid. Initially, Uber said it would invest $300 million into Lucid and separately buy at least 20,000 of its Lucid Gravity SUVs over six years. The vehicles will be equipped with Nuro’s self-driving system. 

In April, Uber upped its order and investment. Lucid received another $200 million from Uber, which also increased its minimum order to 35,000 vehicles. The order includes Lucid’s upcoming mid-sized platform. Uber now owns more than 11% of Lucid as part of investments it has made alongside the vehicle orders.

May Mobility  Image Credits:May Mobility The Michigan-based autonomous vehicle startup reached an agreement with Uber in May 2025 to deploy its AVs through the app by the end of that year, starting in Arlington, Texas.

Uber and May Mobility announced plans at the time to expand to other U.S. markets in 2026 and “deploy thousands of AVs” over “the next few years,” according to the startup.

As of June, Arlington, Texas, remains the only market where customers using the Uber app can hail a May Mobility vehicle. 

Mercedes In January of this year, Mercedes-Benz announced it was collaborating with Nvidia to create a robotaxi ecosystem using self-driving S-Class sedans that would be on the Uber ride-hailing platform. No specific cities have been announced.

Momenta  The Chinese autonomous driving tech company reached an agreement with Uber in May 2025 to add its robotaxis to the app, starting in Europe in early 2026, with safety operators on board.

A few months later in September 2025, the Beijing-based company and Uber said they would start testing robotaxis in Munich, Germany in 2026. 

Motional  A Hyundai Ioniq 5 powered by Motional on Uber’s network in Las VegasImage Credits:Motional Motional, a subsidiary of Hyundai, has been working with Uber in some form since 2021 when the companies announced plans to launch autonomous deliveries in Santa Monica. This was considered a pilot and never became a commercial program or used fully driverless vehicles. 

The companies expanded the partnership in October 2022 with a 10-year operating agreement that will eventually roll out to major cities across North America; Las Vegas and Los Angeles were among the first named cities. While Motional and Uber remain partners, a commercial driverless service (meaning no human safety operator behind the wheel) has yet to materialize. 

Motional went through a reboot in 2024, taking a new AI-centric approach to its self-driving system. In March 2026, Motional’s self-driving Hyundai Ioniq 5 vehicles were added to the Uber app in Las Vegas for autonomous rides to and from five areas of the city. Human safety monitors are still riding along

New Horizon New Horizon is a fleet management company involved in Uber’s agreement with Baidu to bring the Chinese company’s Apollo Go autonomous ride-hailing service to Dubai.

Nissan Nissan is part of Uber’s partnership agreement with Wayve. In March of this year, Uber announced plans to add self-driving Nissan Leaf EVs to its network in Tokyo, powered by Wayve’s tech. (See the Wayve entry below for more.)

Nuro Image Credits:Nuro The self-driving tech startup has been tied to Uber since at least 2022, but the relationship has changed. Initially, Nuro was developing a custom-built delivery vehicle designed for the roadway. Uber and Nuro announced a 10-year partnership in 2022 to launch autonomous deliveries in Mountain View, California, and Houston starting that fall. 

Nuro pivoted away from the delivery vehicle and decided to focus on licensing its self-driving tech to automakers and robotaxi operators. Uber stuck with Nuro and in 2025 announced a landmark deal to launch a premium robotaxi service using Lucid Gravity SUVs equipped with the startup’s self-driving system. 

San Francisco will be the first market. In June of this year, the companies announced the second market will be Houston. Uber has also invested in Nuro. Sources familiar with the financial terms have told TechCrunch that Uber’s total commitment to Nuro, which includes its participation in the startup’s Series E round in 2025 and future milestone-based investments, is about $500 million.

Nvidia Uber first publicly talked about Nvidia in January 2018, a different era for both companies. Uber picked Nvidia to provide AI computing for its autonomous software. With Uber’s in-house AV program sold off in 2020, that deal ended. 

Fast forward to CES 2025, when Uber said it would use Nvidia’s generative world model simulation tool, Cosmos, and cloud-based AI supercomputing platform, DGX Cloud, to support the development of AV tech. Uber didn’t share many details at the time about how it planned to use these Nvidia tools. 

In October 2025, Uber and Nvidia announced plans to use Nvidia’s Hyperion autonomous platform to accelerate Uber’s robotaxi program. As part of that announcement, Stellantis committed to delivering at least 5,000 Nvidia Drive-powered vehicles to Uber for robotaxi operations in the U.S. and internationally — one of the first automakers to do so.

In March of this year, the companies expanded the partnership and announced plans to launch a global fleet of entirely Nvidia software-driven autonomous vehicles, starting in Los Angeles and San Francisco in the first half of 2027 and scaling across 28 cities globally by 2028. The companies said the vehicles will run Nvidia’s Drive Hyperion platform and use Alpamayo, Nvidia’s family of open-source AI models, datasets, and simulation tools designed to handle complex driving situations.  

Pony.ai Image Credits:Uber / Rimac The Guangzhou, China-based company and Uber announced a partnership in May 2025 with an eye on the Middle East. The companies planned to launch a pilot that year that would make

Pony.ai’s robotaxis (with a safety operator on board) available on the Uber app.

In March 2026, Uber, Pony.ai, and Croatian company Verne announced plans to launch a commercial robotaxi service in Europe, starting in Zagreb, Croatia. Pony.ai will supply the autonomous driving system and a robotaxi called the Arcfox Alpha T5 that was developed with Chinese automaker BAIC. Verne will own and operate the fleet, and Uber will provide its vast ride-hailing network. 

Rivian  This unexpected deal, which was announced in March 2026, could be worth up to $1.25 billion for Rivian. Under the agreement, Rivian will build thousands of robotaxis based on its new R2 SUV and will be equipped with the EV maker’s self-driving system, which is still under development. 

Uber made an initial $300 million investment in Rivian and is “expected to purchase 10,000 fully autonomous R2 robotaxis” ahead of a planned rollout in San Francisco and Miami in 2028. The two companies said at the time they plan to launch the robotaxis in “25 cities in the U.S., Canada, and Europe by the end of 2031.” The fleet will be exclusively available on Uber’s network.

Serve Robotics Image Credits:Uber The sidewalk delivery robot startup is rooted in Uber, sort of. In 2020, Uber acquired on-demand delivery startup Postmates. The following year, the robotics division known as Postmates X spun out as an independent company called Serve Robotics.

Uber also invested in Serve, which went public in 2024 through a merger with a blank-check company.  

Uber Eats has used Serve Robotics’ robots for a few years in the United States. 

Starship Technologies Sidewalk delivery robot company Starship Technologies struck a deal with Uber’s delivery unit Eats in November 2025. Under the deal, Starship robots will deliver food orders via the Uber Eats app in multiple European countries in 2026 and eventually expand to the U.S. in 2027.

Stellantis The automaker announced in June 2026 a deal with self-driving startup Wayve, and Uber to jointly develop and deploy driverless robotaxis. Stellantis and Wayve, which Uber has invested in, were already working together. This deal brings all of the components together: automaker, self-driving tech, and ride-hailing network.

The companies have agreed to work together on vehicle integration, testing, and validation before Stellantis-made vehicles equipped with Wayve’s tech are deployed in the real world, and specifically across Europe and North America.

Tawasul The UAE-based Tawasul is another operator andpartnered with Uber in 2024 to provide fleet management services for Uber’s WeRide robotaxi service in Abu Dhabi. 

Torc Robotics Uber Freight, the logistics company that spun out of Uber in 2018, announced a partnership in late December with Torc Robotics, a self-driving trucks company that was acquired by Daimler in 2019. The partnership has largely focused on data.

Torc has used Uber Freight to analyze volume patterns, shippers’ networks, and other data that will help it identify the most effective lanes and most suitable commercial applications for autonomous trucking deployment.

Verne  Uber’s relationship with Verne is pretty fresh. The company, formed by Rimac Group founder Mate Rimac, reached an agreement in March 2026 to launch a commercial robotaxi service in Europe, starting in Zagreb, Croatia. Pony.ai, the third partner, is supplying the self-driving system. Verne will own and operate the fleet of vehicles made by Chinese automaker BAIC.

Uber also planned to invest in Verne, although the terms have not been disclosed. 

Volkswagen/MOIA Image Credits:MOIA/Volkswagen / Volkswagen’s subsidiary MOIA America and Uber announced plans in 2025 to launch a commercial robotaxi service using autonomous versions of Volkswagen’s electric ID. Buzz minivan. The companies said robotaxis will launch in multiple U.S. cities over the next decade. Los Angeles is the first city.

The companies, which have set up a joint facility in Los Angeles for day-to-day fleet operations, said in April 2026 that a robotaxi service would launch later in the year, with a human safety operator on board. Driverless operations are expected to begin in 2027.

Volvo Autonomous Solutions Uber Freight, which connects companies that need to ship goods with truck drivers and fleet carriers, first partnered with Volvo Autonomous Solutions in 2023. Two years later, the companies said the partnership was moving “out of the planning stage and delivering tangible results.”

Volvo’s VNL Autonomous truck, which was built with redundancies to support self-driving tech developed by Aurora Innovation, began delivering loads for Uber Freight customers between Dallas and Houston. Those routes have since expanded.

Waabi The Uber and Waabi relationship is also a deep cut. The founder and CEO, Raquel Urtasun, previously worked at Uber as chief scientist at its autonomous vehicle division, Uber ATG, which Uber sold to self-driving trucking firm Aurora Innovation in 2020.

Urtasun founded Waabi in 2021 with an initial focus on self-driving trucks. Uber was among the investors that participated in its $83.5 million Series A round. Waabi and Uber got a lot closer in 2026. In January, Waabi raised $1 billion — $750 million in a Series C round and about$250 million in milestone-based capital from Uber to support the deployment of robotaxis equipped with Waabi’s self-driving system. 

Waymo Image Credits:Waymo/Uber The Alphabet-owned company first partnered with Uber in May 2023, when it agreed to bring some of its robotaxis on the Uber platform, starting in Phoenix. The relationship in Phoenix is limited since Waymo customers can also directly hail a robotaxi using the company’s own app.

The following year, the companies announced an expansion to Austin and Atlanta, although this time the Waymo robotaxis could only be accessed via the Uber app. The Austin service launched in March 2025, followed by Atlanta by June 2025. 

The relationship has not expanded since; it has actually shrunk. The companies ended their Phoenix partnership in last month, in July. Waymo is now working to get out of its contract with Uber, which doesn’t end until May 2028.

Wayve Image Credits:Nissan The buzzy UK self-driving startup has both partnered with and received capital from Uber. In February 2026, Wayve raised $1.2 billion in a round that included returning backers Microsoft, Nvidia, and Uber. The total raise could reach $1.5 billion thanks to another $300 million from Uber contingent on deploying robotaxis, beginning in London.

In March 2026, Uber announced plans to add self-driving Nissan Leaf EVs to its network in Tokyo, powered by Wayve’s tech. A pilot has been scheduled for late 2026. Under the deal, Wayve will integrate its AI-powered, self-driving software into a Nissan Leaf, which will be available on Uber’s ride-hail network in Japan.

WeRide   Image Credits:WeRide The Chinese robotaxi company is one of Uber’s more prolific partners. It publicly disclosed the partnership in September 2024 and shared plans to bring WeRide robotaxis to the Uber platform, starting in Abu Dhabi. The service launched in December 2024 with human safety operators and went driverless in November 2025. WeRide robotaxis launched on the Uber app in Dubai in late 2025. 

Uber expanded the partnership to bring WeRide’s AVs to 15 more cities by 2030, including in Europe. In these cities, WeRide’s robotaxis will be available through the Uber app, and Uber will be responsible for fleet operations. As part of the expansion, Uber increased its investment into WeRide by $100 million. Uber has since revealed some of those cities, including Madrid and Zurich.

In February 2026, the partnership expanded again with the companies agreeing to deploy at least 1,200 robotaxis across the Middle East. The deployment, which will span Abu Dhabi, Dubai, and Riyadh, Saudi Arabia is expected to be completed as soon as 2027.

Zoox The Amazon-owned company is an Uber latecomer. The companies announced a strategic partnership in March 2026 to deploy Zoox robotaxis on the Uber app in Las Vegas this year and in Los Angeles in 2027.

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The upcoming report from Uber Technologies (UBER - Free Report) is expected to reveal quarterly earnings of $0.83 per share, indicating an increase of 31.8% compared to the year-ago period. Analysts forecast revenues of $14.21 billion, representing an increase of 12.3% year over year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific Uber metrics that are commonly monitored and projected by Wall Street analysts.

Analysts predict that the 'Revenue- Mobility' will reach $7.62 billion. The estimate indicates a year-over-year change of +4.6%.

Analysts expect 'Revenue- Freight' to come in at $1.32 billion. The estimate indicates a change of +4.3% from the prior-year quarter.

The consensus among analysts is that 'Revenue- Delivery' will reach $5.22 billion. The estimate indicates a year-over-year change of +27.1%.

The average prediction of analysts places 'Geographic Revenue- Latin America' at $978.07 million. The estimate suggests a change of +24% year over year.

Analysts' assessment points toward 'Geographic Revenue- United States and Canada' reaching $7.38 billion. The estimate indicates a year-over-year change of +12.5%.

The combined assessment of analysts suggests that 'Geographic Revenue- Asia Pacific' will likely reach $2.02 billion. The estimate suggests a change of +43.7% year over year.

It is projected by analysts that the 'Geographic Revenue- Europe, Middle East and Africa' will reach $3.89 billion. The estimate suggests a change of -0.3% year over year.

The collective assessment of analysts points to an estimated 'Gross Bookings - Total' of $57.19 billion. Compared to the present estimate, the company reported $46.76 billion in the same quarter last year.

The consensus estimate for 'Monthly Active Platform Consumers (MAPCs)' stands at 206 . The estimate compares to the year-ago value of 180 .

Analysts forecast 'Trips' to reach 3,902 . Compared to the current estimate, the company reported 3,268 in the same quarter of the previous year.

According to the collective judgment of analysts, 'Gross Bookings - Delivery' should come in at $26.93 billion. Compared to the current estimate, the company reported $21.73 billion in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Gross Bookings - Mobility' should arrive at $28.97 billion. The estimate compares to the year-ago value of $23.76 billion.

View all Key Company Metrics for Uber here>>>

Over the past month, Uber shares have recorded returns of -5.5% versus the Zacks S&P 500 composite's -0.5% change. Based on its Zacks Rank #3 (Hold), UBER will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Uber stock price is in a free fall this year and is trading at the lowest level since April last year. It has plunged by over 35% from its highest point since September last year. This retreat has pushed its market capitalization from a record high of $206 billion to the current $134 billion. So, why is this ride-hailing stock plunging?

Uber, the biggest ride-hailing company in the world, is under intense pressure as signs emerge that its growth has stalled in the past few months.

Analysts believe that the upcoming earnings will show that its revenue grew by 12.7% in the second quarter to $14.26 billion. They also expect the upcoming numbers to show that its earnings-per-share rose from 63 to 83 cents, respectively. Uber has missed analysts' estimates in the last two consecutive quarters, meaning that this trend may continue in the upcoming earnings.

The most recent earnings report showed that Uber’s revenue rose by 14% in the first quarter to $13.2 billion, while its gross bookings soared by 25%. Its income from operations rose by 57% to $1.9 billion.

Uber stock has also dropped after the company announced a large acquisition recently. It will spend about $13.7 billion for the Delivery Hero purchase, a substantial amount since Uber ended the last quarter with over $6.1 billion in cash. It will fund the deal using cash on hand and equity.

The most recent results showed that Delivery Hero’s gross merchandise value (GMV) jumped by 9% to €49.2 billion, with its revenue soaring by 23% to €14.8 billion last year. It made an adjusted EBITDA of €903 million, while the free cash flow to €250 million.

Meanwhile, Uber stock has fallen as it explores a split from its Waymo deal. Just last week, Waymo said that it would end its exclusivity in Austin and Atlanta in January 2028. 

According to the FT, the relationship between the two sides has deteriorated as they have become direct competitors in some markets. Also, the two sides are lobbying for robotaxi legislation that would benefit their businesses at the expense of the other. A full breakup between the two companies would dent Uber’s autonomous ambitions since it already sold its in-house business in 2020.

On the positive side, Uber has become a bargain, especially for a company with such a big market share. It now trades at a forward price-to-earnings ratio of 16, lower than the S&P 500 average of 21.

Uber chart | Source: TradingView

The weekly chart suggests that Uber shares may have more downside to go. It has slumped from a high of $101 in September last year to the current $65. It recently formed a bearish flag pattern and has moved below the lower side. 

The Relative Strength Index (RSI) has formed a descending channel and has moved below the neutral level of 50. Therefore, the path of the least resistance for the stock is downwards, with the next key target to watch being at $50.