Track market-moving stories before they get noisy

For the past three years, Uber and Alphabet-owned Waymo have partnered to bring driverless rides to passengers in two major U.S. markets. That relationship is now undergoing some changes.

To this point, Waymo has made its robotaxis available in Atlanta and Austin, Texas, exclusively through the Uber app. But an Uber spokesperson told CNBC by email on Friday that, "We have been notified by Waymo that they intend to launch the Waymo app in Austin and Atlanta in January 2028, alongside their existing deployment with Uber."

The development reflects how Waymo has been able to attract riders in a number U.S. cities without exclusive Uber deals, as its robotaxis are now live in nine other markets, according to the company's website. More cities are engaged in various stages of testing.

Last year, Waymo also struck a deal with Lyft to offer robotoaxi rides in Nashville, Tennessee, on a non-exclusive basis.

In Atlanta and Austin, hundreds of Waymo robotaxis will remain available on Uber through at least May 2028, the duration of their existing contract, Uber said. The changes ahead allow the ride-hailing company to put other, non-Waymo autonomous vehicles onto its platform in both cities.

A Waymo spokesperson said in an email that users need "choice in how they experience this technology."

"This is essential to the industry's future and to our vision of making the Waymo app and the safety of our technology available to riders everywhere," the spokesperson wrote.

The Financial Times reported on Friday that Waymo held internal discussions about whether it should split from Uber due to tensions between the two companies, including around conflicting policy proposals the companies are pursuing in different U.S. markets.

Uber shares dropped more than 4% on the news.

Independent of Waymo, Uber has been investing in AV technology, and has committed to buying vehicles from some of its partners, including startups Waabi, Wayve and Nuro, as well as electric vehicle maker Rivian, after their self-driving cars are validated as safe to operate without a human supervisor or driver on board.

Tesla, Amazon's Zoox and other AV developers are also offering standalone apps that allow riders to hail robotaxis.

-- CNBC's Laura Batchelor contributed to this report.

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Uber is laying off 10% of its community operations team, citing AI. Bloomberg/Getty Images Uber is cutting customer service roles — and it says artificial intelligence is the reason.

The ride-hailing company is laying off about 10% of its community operations team and asking remote employees to relocate to a city with an Uber office and work there three days a week, it said in a statement on Thursday. Bloomberg earlier reported the news.

AI presents "a massive opportunity for us to accelerate output, improve quality, and scale customer solutions at pace," Megha Yethadka, Uber's vice president of global community operations, wrote in a memo to the team on Wednesday.

"We've made some strides, but to unlock this potential, we need an effective organization to layer AI on," Yethadka wrote. "We cannot scale frontier technology on top of fragmented processes."

An Uber spokesperson said the company informed the team on Wednesday about the "structural changes we are making to simplify operations, strengthen in-person collaboration, and continue to embrace AI."

The layoffs add Uber to the list of companies that have cut jobs in the name of AI. Others this year include Block, IBM, and Snap.

Last month, Uber laid off a quarter of its human resources and recruitment staff. The cuts affected less than 1% of the company's 34,000-person global workforce and weren't connected to AI, Uber said at the time.

CEO Dara Khosrowshahi has said that Uber is slowing down hiring as it invests more in AI.

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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 ride-hailing Layoffs More Artificial Intelligence AI Artifical Intelligence Careers

Posted by Defense World Staff on Jul 22nd, 2026

Bessemer Group Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 31.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,462 shares of the ride-sharing company’s stock after buying an additional 12,998 shares during the period. Bessemer Group Inc.’s holdings in Uber Technologies were worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC raised its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares during the period. Caxton Associates LLP purchased a new stake in Uber Technologies during the 1st quarter worth about $304,000. Finally, Schnieders Capital Management LLC. purchased a new stake in Uber Technologies during the 2nd quarter worth about $842,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.7% Shares of UBER opened at $71.66 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies, Inc. has a 1-year low of $67.19 and a 1-year high of $101.99. The company has a market capitalization of $145.86 billion, a P/E ratio of 17.87, a P/E/G ratio of 6.06 and a beta of 1.12. The firm’s 50 day simple moving average is $72.55 and its 200 day simple moving average is $74.95.

Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In Several brokerages have commented on UBER. US Capital Advisors set a $95.00 target price on Uber Technologies in a research note on Monday, May 11th. Wolfe Research set a $100.00 price target on Uber Technologies in a research report on Friday, May 29th. Wedbush began coverage on shares of Uber Technologies in a report on Thursday, July 16th. They issued an “outperform” rating and a $91.00 price target on the stock. Royal Bank Of Canada assumed coverage on shares of Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating for the company. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.65.

View Our Latest Report on Uber Technologies

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

Positive Sentiment: Investor attention around Uber has increased, which can help keep the stock active and support sentiment if the market is positioning ahead of a catalyst. Article Title Positive Sentiment: Domino’s said third-party delivery partnerships, including Uber Eats, are driving more order growth and bringing in new customers, reinforcing the value of Uber’s delivery platform. Article Title Positive Sentiment: Another Domino’s update emphasized strong order growth, digital reach and global expansion, which suggests continuing demand through delivery channels that can benefit Uber Eats volume. Article Title Positive Sentiment: A new Uber Eats-related deal involving GameStop suggests Uber’s delivery marketplace is still expanding into additional merchant categories, which could support future revenue growth. Article Title Neutral Sentiment: Some articles were mostly commentary or market chatter, including “Should You Buy Uber Stock Before the Huge Investor Update?” and a Zacks screening piece, with no clearly new fundamental development. Article Title Article Title Negative Sentiment: Investor concern remains that driverless technology could erode Uber’s competitive advantage over time, which is a key headwind for the stock. Article Title 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.

Read More Five stocks we like better than Uber Technologies Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).

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Uber has underperformed, with shares down ~15% YTD and ~30% from late 2025 highs, creating a value opportunity. I reiterate my buy rating on UBER, citing ongoing strong fundamentals and new growth catalysts despite recent market weakness. Upcoming Q2 earnings on August 5 could serve as a positive catalyst; I recommend buying the dip ahead of this event.

Uber Technologies (UBER - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this ride-hailing company have returned +1% over the past month versus the Zacks S&P 500 composite's -0.6% change. The Zacks Internet - Services industry, to which Uber belongs, has lost 3.9% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Uber is expected to post earnings of $0.83 per share, indicating a change of +31.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days.

The consensus earnings estimate of $2.98 for the current fiscal year indicates a year-over-year change of -43.8%. This estimate has changed +1.2% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $4.43 indicates a change of +48.6% from what Uber is expected to report a year ago. Over the past month, the estimate has changed +0.4%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uber.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Uber, the consensus sales estimate of $14.2 billion for the current quarter points to a year-over-year change of +12.3%. The $57.89 billion and $66.86 billion estimates for the current and next fiscal years indicate changes of +11.3% and +15.5%, respectively.

Last Reported Results and Surprise HistoryUber reported revenues of $13.2 billion in the last reported quarter, representing a year-over-year change of +14.5%. EPS of $0.72 for the same period compares with $0.83 a year ago.

Compared to the Zacks Consensus Estimate of $13.28 billion, the reported revenues represent a surprise of -0.59%. The EPS surprise was +2.86%.

Over the last four quarters, Uber surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Uber is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Uber. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Uber (UBER 0.34%) is trading at a relatively attractive valuation.

*Stock prices used were the afternoon prices of July 17, 2026. The video was published on July 19, 2026.

Parkev Tatevosian, CFA has positions in Uber Technologies. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Posted by Defense World Staff on Jul 18th, 2026

Angeles Wealth Management LLC lessened its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,912 shares of the ride-sharing company’s stock after selling 8,781 shares during the quarter. Angeles Wealth Management LLC’s holdings in Uber Technologies were worth $929,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after buying an additional 1,670,761 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,220,000. Teacher Retirement System of Texas boosted its stake in shares of Uber Technologies by 17.6% during the 4th quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock worth $45,280,000 after acquiring an additional 82,851 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $17,336,000. Finally, Robinhood Asset Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $10,884,000. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets UBER has been the subject of several research reports. Wells Fargo & Company cut their price target on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, July 6th. US Capital Advisors set a $95.00 price objective on shares of Uber Technologies in a report on Monday, May 11th. Royal Bank Of Canada started coverage on shares of Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating on the stock. HSBC cut shares of Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Finally, Truist Financial upped their price target on shares of Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

Read Our Latest Analysis on UBER

Uber Technologies Stock Performance NYSE UBER opened at $72.55 on Friday. The firm’s 50 day simple moving average is $72.72 and its 200 day simple moving average is $75.14. The firm has a market capitalization of $147.69 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 6.26 and a beta of 1.12. Uber Technologies, Inc. has a 1 year low of $67.19 and a 1 year high of $101.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. Uber Technologies’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 2.97 earnings per share for the current fiscal year.

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

Positive Sentiment: Uber’s acquisition of Delivery Hero would nearly double its global food-delivery reach and expand operations to about 99 markets, raising the company’s long-term growth potential. Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER) Positive Sentiment: Analysts said the deal could improve cross-selling, increase engagement with Uber One, and strengthen Uber’s cross-platform strategy by combining mobility and delivery services. Uber’s Delivery Hero deal could strengthen cross-platform strategy Positive Sentiment: UBS and other analysts suggested the acquisition could boost growth and profitability by giving Uber more scale in international delivery markets. Uber Technologies’ Delivery Hero Deal Could Boost Growth, Profit, UBS Says Positive Sentiment: Uber also received upbeat earnings estimate revisions, with Erste Group Bank raising FY2026 and FY2027 EPS forecasts, which reinforces optimism around the company’s profit outlook. Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase Neutral Sentiment: Uber also expanded Uber Eats partnerships with GameStop and Foot Locker, showing continued diversification beyond restaurant delivery, though these moves are smaller than the Delivery Hero transaction. GameStop (GME) Joins Uber Eats For On Demand Delivery Nationwide About Uber Technologies (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.

Featured Articles Five stocks we like better than Uber Technologies AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).

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Uber Technologies Inc (NYSE:UBER, XETRA:UT8)'s planned acquisition of Delivery Hero (XETRA:DHER, OTCQX:DLVHF) could strengthen its cross-platform strategy and create additional opportunities to grow customer engagement, according to Jefferies, which highlighted the strategic benefits of the $14.8 billion transaction.

Jefferies wrote that the combination could increase the value of Uber One and expand cross-selling opportunities across additional delivery markets. The analysts noted that the deal is expected to nearly double the number of markets where Uber offers both mobility and delivery services, increasing those markets from 34 to 58.

The acquisition is expected to add more than 35 million Delivery Hero (XETRA:DHER, OTCQX:DLVHF) users and more than 15 million Uber mobility users located in markets where both services are available. Jefferies highlighted that customers using both Uber mobility and delivery products are more valuable to the company, generating three times more bookings and profits than single-product users. The analysts also noted that cross-platform engagement can serve as a more efficient customer acquisition channel, with costs approximately 50% lower.

Jefferies wrote that Uber’s expected $1.2 billion in run-rate synergies by the end of 2027 should enhance the financial contribution of the deal. The analysts noted that savings are expected to come primarily from deploying a common technology platform and reducing localized headcount outside Berlin.

The analysts also highlighted Uber’s expectation that the integration process will be relatively straightforward, as Delivery Hero will use existing Uber Eats technology rather than requiring a costly, multi-year technology overhaul.

Jefferies estimated that the transaction implies a valuation of roughly eight times 2027 enterprise value to EBITDA after including expected synergies, compared with about 11 times for Uber and 18 times for DoorDash.

While some investors have raised concerns that the acquisition could signal a more aggressive M&A strategy from Uber, Jefferies wrote that the company’s decision not to pursue additional large-scale acquisitions in the coming years should help address those concerns. The analysts noted that Uber remains focused on integrating Delivery Hero while maintaining its existing capital allocation priorities, including investment in its core businesses, autonomous vehicle development and share repurchases.

Jefferies added that Uber continues to have flexibility through more than $10 billion in annual free cash flow and selective divestitures of minority equity stakes, while maintaining its goal of returning roughly 50% of rolling 12-month free cash flow through share repurchases.

Shares of Uber traded down about 3% on Friday at $72, down almost 12% so far this year.

Uber (UBER) has announced a cash offer for Delivery Hero valued at approximately $14.8 billion, aiming to acquire 100% of the company. This acquisition would ex

CNBC's Mackenzie Sigalos reports on Uber launching a takeover bid for the German food delivery company, Delivery Hero.

In Brief

Posted:

10:12 AM PDT · July 16, 2026

Image Credits:Budrul Chukrut / SOPA Images / LightRocket / Getty Images After weeks of speculation, Uber officially agreed to acquire Delivery Hero, a purchase that will take the ride-hailing and delivery giant’s status to new heights, and to nearly 100 markets across Europe, the Middle East, Latin America, and Asia.

German-based Delivery Hero also made a separate agreement to sell its business in 14 markets, where Uber Eats is already operating, to New York-based investment firm SSW Partners for $1.6 billion.

The $14.8 billion all-stock acquisition isn’t a done deal yet. The purchase will make Uber’s delivery platform one of the largest in the world, at least the largest outside of China, and will likely face regulatory scrutiny. And Uber, which was already the largest shareholder of Delivery Hero, has set a minimum acceptance threshold of 50%, plus one share of Delivery Hero’s outstanding share capital. Prosus, another major shareholder, has agreed to sell its 17% stake as well, according to the announcement.

If the deal closes, Uber will essentially double its footprint, putting it in a better position to compete with DoorDash and Just Eat.

“Together, we’ll nearly double the number of markets where we offer both mobility and delivery services, scaling a proven platform that we believe will create significant long-term value for our customers and shareholders,” Uber CEO Dara Khosrowshahi said in a statement.

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Uber will buy Delivery Hero in a deal valuing the German firm at $14.8 billion to create the largest food-delivery ​group outside China and stave off intensifying competition.

Uber is buying Delivery Hero in a deal valued at $14.8 billion but shareholders are more interested in a different part of its business.

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Founded in 2011, Delivery Hero now operates in over 60 markets and is one of the world's biggest food delivery groups . German food delivery group Delivery Hero said Thursday it has agreed to be acquired by U.S. ride-hailing giant Uber in a 12.7 billion euro ($14.6 billion) deal.

Founded in 2011, the German firm now operates in more than 60 markets and is one of the world's biggest food delivery groups.

It has also expanded beyond its traditional food business to quick commerce, delivering small packages to customers.

Uber is offering 41.50 euros per share for Delivery Hero, valuing the deal at 12.7 billion euros.

Delivery Hero's shares were down 0.5% in Frankfurt after the announcement, trading at 37.9 euros.

"Uber's global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero's strengths in local food delivery and quick commerce," said Niklas Oestberg, CEO and co-founder of Delivery Hero.

Uber CEO Dara Khosrowshahi said a merger would "extend affordable, reliable delivery to many millions more people in some of the world's most dynamic economies, while creating more opportunities for merchants and couriers."

Uber is acquiring Delivery Hero's businesses in 50 markets worldwide across Asia, Europe, Latin America and the Middle East.

A U.S. investment firm, SSW Partners, is acquiring the German group's operations in another 14 markets, where Uber and Delivery Hero compete, for around 1.4 billion euros.

Delivery Hero said its management recommends that shareholders accept the deal and that it is expected to be finalized in the second half of 2027.

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SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) has entered into a business combination agreement with Delivery Hero, extending the world’s largest mobility and delivery platform to a total of 99 markets, with combined pro-forma Gross Bookings of $236 billion in 2025.

Under the terms of the voluntary takeover offer, Uber will offer Delivery Hero shareholders cash consideration of €41.50 per share (the “Offer Price”), representing an Equity Value1 of $14.8 billion (implied for 100% of the company), or $13.7 billion adjusted for Uber’s prior stake purchases.

Delivery Hero has entered into a separate agreement with SSW Partners, a New York-based investment firm that has led cross-border investments alongside global businesses. SSW will acquire Delivery Hero’s businesses in a total of 14 markets, particularly where Uber Eats and Delivery Hero already overlap, subject to completion of the Uber Takeover Offer and other customary conditions, for a consideration of approximately $1.6 billion. Uber will not acquire control over the businesses transferred to SSW, and SSW will independently lead the process to find strategic partners that best position those businesses for long-term success.

"Delivery Hero’s talented team has built an extraordinary business, with beloved local brands and leading positions across many of the world's fastest-growing delivery markets,” said Dara Khosrowshahi, CEO of Uber. “By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies, while creating more opportunities for merchants and couriers. Together, we’ll nearly double the number of markets where we offer both mobility and delivery services, scaling a proven platform that we believe will create significant long-term value for our customers and shareholders.”

“We are excited about this opportunity with Uber and the possibilities it offers for our employees, shareholders, and partners. Uber's global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero's strengths in local food delivery and Quick Commerce, and to take our Everyday App strategy further for our customers,” said Niklas Östberg, CEO of Delivery Hero. “I'm grateful to our people for building this company over 15 years, and we look forward to this great next chapter together.”

“The food delivery business is highly competitive and scale dependent. It is challenging to build from a European base, yet we have achieved an enormous amount over 15 years. Joining forces with a strong partner now is the right move for Delivery Hero to best secure its future competitiveness and ability to deliver value for all our stakeholders,” said Kristin Skogen Lund, Chair of the Delivery Hero Supervisory Board. “The Supervisory Board has been closely involved and fully supports the proposed transaction and we appreciate Uber's shared interest in preserving and building on the Delivery Hero strengths."

“We are pleased to acquire these market-leading businesses,” said Josh Steiner and Antonio Weiss of SSW Partners. “We will support management to ensure that these businesses continue to grow, invest in their people and deliver exceptional service to their customers. In parallel, we will lead the process to find the best long-term homes for these businesses, where they will continue to thrive.”

Transaction Rationale

The combination is expected to accelerate innovation and deliver meaningful benefits for consumers, merchants, couriers, and drivers. By bringing together Uber’s global technology platform with Delivery Hero’s strong local brands, merchant relationships, and delivery capabilities, the combined businesses will be better positioned to offer consumers greater choice, enhanced value, and a more seamless Uber One membership experience across more of their daily needs. For merchants, Uber’s large, highly engaged, and growing user base is expected to create incremental demand, supported by enhanced advertising, promotional, and local commerce tools. For couriers and drivers, a denser combined network is expected to drive higher order volumes, improved utilization, and a broader range of delivery and mobility earning opportunities.

The transaction nearly doubles the number of markets where Uber will offer both mobility and delivery services, from 34 to 58 markets, substantially broadening the addressable base for Uber’s proven cross-platform strategy. In Uber’s existing markets, cross-platform engagement represents a highly efficient acquisition channel while also increasing engagement, with cross-platform users generating roughly 3x the Gross Bookings and profits compared to single-product users. Uber expects the transaction to be accretive to Non-GAAP EPS upon close and high-single-digit percentage accretive by year three.

Commitment to Delivery Hero Employees and Investments in Germany

Uber recognizes that Delivery Hero's success is built on the talent, entrepreneurial spirit, and dedication of its people. Uber fully supports and respects the commitments Delivery Hero has made to employees and has pledged to retain Delivery Hero’s headquarters and make no changes to its workforce in Berlin until at least 2029. Additionally, Uber has committed to invest €2 billion in Germany over the next 5 years, with a focus on developing its local corporate workforce, growing its nationwide business, and launching autonomous vehicle deployments and partnerships with the German automotive industry.

Financing and Capital Allocation

Uber will fund the Takeover Offer through existing cash on its balance sheet and new debt financing. Uber has executed a committed bridge facility of approximately €14 billion. The transaction is structured to maintain Uber's strong investment grade credit rating, with gross leverage to remain below 2x, supported by Uber's strong free cash flow generation. Uber's existing capital allocation framework remains unchanged, including its commitment to return excess capital to shareholders through share buybacks.

Transaction Details

The Takeover Offer will be subject to a minimum acceptance threshold of 50% plus one share of Delivery Hero's outstanding share capital (inclusive of shares owned by Uber) and certain further conditions, including receipt of certain merger control and financial regulatory clearances, which will be set out in full in the Offer Document. Prior to the announcement of the Takeover Offer, Uber held approximately 24.77% of Delivery Hero’s issued voting share capital directly, and held additional economic exposure of approximately 11.74% through equity derivatives. Prosus has entered into an irrevocable undertaking agreement to tender all of their Delivery Hero shares (~17% of shares outstanding) into the offer, bringing Uber’s total economic interest to ~53%. Uber has committed to not entering into a Domination and Profit Transfer Agreement (DPLTA) for a period of three years. Closing is expected in the second half of 2027.

The Offer Document will be submitted to BaFin for approval and published in accordance with the German Securities Acquisition and Takeover Act (WpÜG). The acceptance period for the Takeover Offer will commence upon publication of the Offer Document.

The Offer Document and other information pertaining to the Takeover Offer will be published, following approval by BaFin, on this website: www.delivering-value.com.

Conference Call with Uber Executives to Discuss Transaction

Uber will host a conference call to discuss the transaction at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A link to the live webcast of the conference call and a slide presentation are available on the Uber Investor Relations website at investor.uber.com.

Advisors

Morgan Stanley & Co. LLC and Deutsche Bank are serving as lead financial advisors to Uber. Bank of America and Goldman Sachs are also serving as financial advisors to Uber. Freshfields and Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Uber and Cooley LLP is serving as legal counsel to Uber in connection with the financing. Affiliates of Morgan Stanley & Co. LLC, Bank of America and Deutsche Bank are providing the committed bridge facility to Uber. Evercore is serving as financial advisor to SSW. Paul Weiss, Hengeler Mueller, Baker Botts, and Gibson Dunn are serving as legal counsel to SSW.

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 75 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 Delivery Hero

Delivery Hero is the world’s leading local delivery platform, operating its service in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX stock market index. For more information, please visit www.deliveryhero.com.

About SSW Partners

SSW Partners is a New York-based private investment firm that is a trusted partner to leading corporations, investment firms and families. The principals of SSW have substantial investing, operating, and transaction experience internationally. SSW has jointly led two public-to-private transactions: the US$4.6 billion privatization of Veoneer in partnership with Qualcomm and the US$7.1 billion privatization of ESR Group.

Forward-Looking Statements

This press release contains forward-looking statements regarding the proposed transaction and Uber’s future business expectations which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “should,” “will,” or “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Uber’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: risks and uncertainties related to the pending transaction, including the failure to obtain, or delays in obtaining, required regulatory approvals, the risk that such approvals may result in the imposition of conditions that could adversely affect us or the expected benefits of the proposed transaction, or the failure to satisfy any of the closing conditions to the tender offer on a timely basis or at all; costs, expenses or difficulties related to the transaction; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; the potential impact of the announcement, pendency or consummation of the proposed transaction on relationships with Uber’s and/or Delivery Hero’s employees, merchants, suppliers, couriers and other business partners; the risk of litigation or regulatory actions to Uber and/or Delivery Hero; inability to retain key personnel; changes in legislation or government regulations affecting Uber or Delivery Hero; the potential impact of the transaction on Uber’s business, financial condition and operating results; the ability to complete the proposed transaction on the anticipated terms, including financing terms, timing and conditions; and economic financial, social or political conditions that could adversely affect Uber, Delivery Hero or the proposed transaction. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see Uber’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this press release is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that Uber believes to be reasonable as of this date. Uber undertakes no duty to update this information unless required by law.

The tender offer described in the offer document is not being and will not be made, directly or indirectly, in any country or jurisdiction in which it would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require Uber International Technologies II Corporation (the “Bidder”), Uber or any of its subsidiaries to change or amend the terms or conditions of the offer in any material way, to make an additional filing with any governmental, regulatory or other authority or take additional action in relation to the offer. It is not intended to extend the offer to any such country or jurisdiction. Any such documents relating to the offer must neither be distributed in any such country or jurisdiction nor be sent into such country or jurisdiction, and must not be used for the purpose of soliciting the purchase of securities of Delivery Hero by any person or entity resident or incorporated in any such country or jurisdiction.

Restrictions

The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, the Bidder and Uber disclaim any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither Uber nor the Bidder nor any of their respective advisors, assumes any responsibility for any violation by any of these restrictions. Any Delivery Hero shareholder who is in any doubt as to his or her position should consult an appropriate professional advisor without delay.

Information for shareholders of Delivery Hero in the United States

Shareholders of Delivery Hero in the United States are advised that the tender offer will be made for shares in a European Company (Societas Europaea) incorporated under German law and is subject to the statutory provisions of the Federal Republic of Germany on the implementation and conduct of such an offer, as well as certain applicable securities law provisions of the United States. The tender offer will, in particular, be implemented in accordance with (i) the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, “WpÜG"), WpÜG and the WpÜG Offer Regulation, and (ii) certain applicable securities law provisions of the United States.

Delivery Hero’s shares are not listed on a U.S. securities exchange and Delivery Hero is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder.

The tender offer is expected to be made in the United States pursuant to Section 14(e) and Regulation 14E under the Exchange Act, subject to exemptions provided by Rule 14d-1(d) under the Exchange Act, known as a “Tier II” tender offer, and otherwise in accordance with the requirements of the laws of the Federal Republic of Germany. Accordingly, the tender offer will be subject to disclosure and procedural requirements of German law, certain of which – including with respect to the tender offer timetable, settlement procedures, withdrawal, waiver of conditions and timing of payments – are different from those of the United States. The tender offer will be made to Delivery Hero’s shareholders resident in the United States on the same terms and conditions as those that will be made to all other Delivery Hero shareholders.

To the extent permissible under applicable law or regulations, including Rule 14e-5 of the Exchange Act, Uber, the Bidder and their affiliates or its brokers and its brokers’ affiliates (acting as agents for Uber, the Bidder or their affiliates, as applicable) may from time to time after the date of this presentation and during the pendency of the tender offer, and other than pursuant to the tender offer, directly or indirectly, purchase or arrange to purchase shares of Delivery Hero that are the subject of the tender offer. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent any such purchases are made outside the tender offer at a price per share greater than the tender offer price, the offer consideration will be increased, as necessary, to match such higher price. To the extent information about such purchases or arrangements to purchase is made public in Germany, such information will be disclosed by means reasonably calculated to inform U.S. shareholders of Delivery Hero of such information. No purchases will be made outside the tender offer in the United States by or on behalf of Uber. In addition, the financial advisers to Uber may also engage in ordinary course trading activities in securities of Delivery Hero, which may include purchases or arrangements to purchase such securities. To the extent any such financial adviser is acting jointly with the Bidder within the meaning of Section 2 para. 5 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz), the offer consideration must be increased, as necessary, to match any higher acquisition price paid outside the tender offer. To the extent required in Germany, any information about such purchases will be made public in Germany in the manner required by German law.

Neither the SEC nor any U.S. state securities commission has approved or disapproved the tender offer, passed upon the merits or fairness of the tender offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in relation to the tender offer. Any representation to the contrary is a criminal offence in the United States.

The receipt of cash pursuant to the tender offer by a U.S. holder of Delivery Hero shares may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local, as well as foreign and other, tax laws. Each holder of Delivery Hero shares is urged to consult its independent professional adviser immediately regarding the tax consequences of accepting the tender offer.

Delivery Hero shareholders domiciled or habitually resident in the United States may face difficulties in enforcing their rights and claims under U.S. federal securities laws because Delivery Hero is domiciled outside the United States and some or all of its directors and officers are domiciled outside the United States. U.S. shareholders may not be able to sue a company incorporated outside the United States or its directors and officers in a court outside the United States for violations of U.S. securities laws. Furthermore, difficulties may arise in enforcing judgments of a U.S. court against a company incorporated outside the United States.

More News From Uber Technologies, Inc.

Uber Technologies seeks to strengthen its footprint in international markets.

Uber Technologies (UBER) is rated a strong buy as the market undervalues its robust fundamentals and growth potential amid AV-related skepticism. UBER's Q1 2026 results showed 21% YoY gross bookings growth, 42% higher non-GAAP operating income, and $2.28B in free cash flow. Management guides for 18–22% gross bookings growth and 31–38% EPS growth, with Uber One membership now exceeding 50M users.

4:20pm: Rate hopes lift markets US stocks finished mostly higher on Tuesday after a softer-than-expected inflation report boosted hopes that the Federal Reserve may not need to raise interest rates this month.

The Nasdaq led the gains, climbing 0.9% as semiconductor stocks rallied, while the S&P 500 added 0.4%. The Dow Jones Industrial Average finished little changed, edging up just 10 points. The June Consumer Price Index fell 0.4% from the previous month, bringing the annual inflation rate down to 3.5%, below economists' expectations of 3.8%. Following the report, market expectations for a July rate hike dropped sharply, with traders pricing in just a 16% chance compared with 42% before the data. New Fed Chair Kevin Warsh also struck a measured tone in congressional testimony, saying inflation remains too high but acknowledging recent progress.

Chipmakers were among the day's biggest winners, with Micron Technology (NASDAQ: MU) and Applied Materials (NASDAQ: AMAT) each jumping more than 4% as investors welcomed the prospect of a less aggressive Fed. Financial stocks also remained in focus after strong earnings from JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS). Not every company shared in the optimism, however. IBM tumbled 25% after issuing a disappointing preliminary second-quarter earnings update, citing weak mainframe demand and delayed software deals.

Investors now turn their attention to another busy day of earnings on Wednesday, with results due from ASML, Johnson & Johnson (NYSE:JNJ), Morgan Stanley (NYSE:MS), and BlackRock.

3:45pm: Proactive news headlines American Resources Corp (NASDAQ:AREC) said its ReElement Technologies subsidiary received a $25 million investment from the U.S. Department of War to expand its Indiana rare earth and critical mineral refining campus with new equipment, production capacity, and working capital. Nine Mile Metals Ltd. (CSE:NINE, OTCQB:VMSXF, FRA:KQ9) reported that its third drill hole of the 2026 program at the Wedge project in New Brunswick intersected 125.25 metres of pyrite and chalcopyrite mineralization, with assay results pending. Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) appointed independent director Corby Anderson as board chair, while former chair Bryan Disher transitioned to a non-executive role and will continue to lead the company's Audit Committee. Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) closed an oversubscribed $1 million private placement, with proceeds earmarked to advance its Wyoming AI data centre project and for general working capital. Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF, FRA:9SU0) reported encouraging geochemical results from its winter 2026 drill program at the Corvo uranium project in Saskatchewan, identifying anomalous uranium and pathfinder elements that support further exploration. 2:40pm: Market movers International Business Machines Corp (NYSE:IBM) shares fell sharply after preliminary second-quarter results missed expectations, with the company warning that weaker-than-expected customer spending hurt its software and infrastructure businesses. Bel Fuse (NASDAQ:BELFB) was initiated with a Buy rating and a $330 price target by Bank of America, which cited the company’s improved profitability, portfolio optimization, pricing gains, cost discipline, and growth in higher-margin markets such as aerospace, defense, space, and data infrastructure. Uber Technologies Inc (NYSE:UBER, XETRA:UT8) and Delivery Hero (XETRA:DHER, OTCQX:DLVHF) (Delivery Hero (XETRA:DHER, OTCQX:DLVHF), Delivery Hero (XETRA:DHER, OTCQX:DLVHF)) are reportedly in advanced talks for Uber to acquire the German food-delivery company, with a potential agreement expected soon as Delivery Hero (XETRA:DHER, OTCQX:DLVHF) shares climbed while Uber shares declined. American Resources Corp (NASDAQ:AREC) said its ReElement Technologies subsidiary received a $25 million U.S. Department of War investment to expand its Indiana rare earth and critical mineral refining campus with new equipment, production capacity, and working capital. CleanSpark Inc (NASDAQ:CLSK) announced a 20-year lease agreement for its Sandersville, Georgia data center campus with a global technology company, a deal expected to generate about $6.6 billion in contracted revenue and potentially $11.6 billion with extensions. Nine Mile Metals Ltd. (CSE:NINE, OTCQB:VMSXF, FRA:KQ9) reported that its latest drill hole at the Wedge project in New Brunswick intersected 125 metres of sulphide mineralization containing pyrite and chalcopyrite, with assay results still pending. Tower Semiconductor (NASDAQ:TSEM) shares jumped after the company announced a Japan-backed expansion of its silicon photonics, silicon germanium, and advanced packaging capabilities to meet growing demand from AI and data center customers. Bank of America Corp (NYSE:BAC) shares rose after the bank posted second-quarter results above Wall Street forecasts, driven by growth in net interest income, investment banking, trading, and wealth management. Citigroup Inc (NYSE:C) reported second-quarter revenue that exceeded estimates, supported by strength in fixed-income trading and investment banking, with earnings per share reaching $3.15. Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS) shares gained after the investment bank delivered stronger-than-expected second-quarter results, helped by solid investment banking and trading performance. 1:10pm: Uber eyeing Delivery Hero (XETRA:DHER, OTCQX:DLVHF) Uber Technologies Inc (NYSE:UBER, XETRA:UT8) (Uber Technologies Inc (NYSE:UBER, XETRA:UT8), Uber Technologies Inc (NYSE:UBER, XETRA:UT8)) is in advanced talks to acquire German food-delivery company Delivery Hero (XETRA:DHER, OTCQX:DLVHF) (Delivery Hero (XETRA:DHER, OTCQX:DLVHF), Delivery Hero (XETRA:DHER, OTCQX:DLVHF)), according to a Bloomberg report, with the companies aiming to finalize a takeover agreement as soon as this week.

Shares of Delivery Hero (Delivery Hero (XETRA:DHER, OTCQX:DLVHF), Delivery Hero (XETRA:DHER, OTCQX:DLVHF)) rose almost 6% following the report, while Uber shares fell about 2%.

Uber has already built a significant stake in Delivery Hero, holding 24.99% of the company’s shares and additional derivatives that bring its total economic interest to about 36.8%.

The reported acquisition discussions follow months of stake-building by Uber as the company seeks to expand its position in the global food-delivery market. A full takeover would give Uber control of one of Europe’s largest online food-delivery platforms.

12:00pm: 'Benign' inflation print LPL Financial chief economist Jeffrey Roach said June's cooler-than-expected inflation report was largely driven by a sharp drop in energy prices, which pushed the annual headline CPI rate down to 3.5%. However, he cautioned that the decline may prove temporary, as energy prices have risen in early July.

Roach noted that core inflation slowed to 2.59% year over year, its lowest level since February, and expects it to ease further through the third and fourth quarters as durable goods prices improve. He said the report is supportive for investor sentiment but warned that geopolitical risks remain the biggest wildcard, adding that inflation should improve more meaningfully by year-end if supply chains normalize by Labor Day.

"After today’s benign core inflation release, it appears less likely that the FOMC will raise rates over the next few meetings," Roach wrote.

"However, we may still be at an inflection point, given the risk that the energy shock could spill over into other categories of consumer prices. A positive resolution with Iran before the end of the summer is becoming increasingly important."

10:45am: Soft CPI eases pressure Bank of America said the softer-than-expected reading eases near-term pressure on the Federal Reserve to raise interest rates, while also pointing to further evidence that tariff-driven price pressures are fading as goods prices broadly declined.

The bank noted there was little sign of World Cup-related inflation, while softer rent data suggests recent strength in housing inflation may have been temporary.

Even so, it maintained its forecast for 75 basis points of rate hikes this year beginning in September, saying the weak CPI report gives the Fed "the luxury of staying on hold a little longer" even as inflation remains above its target.

10am: Chipmakers and banks help Wall Street open higher US stocks have opened higher, led by the Nasdaq's chipmakers and semiconductor equipment stocks, with big banks gaining too after earnings. 

The tech-heavy index rose 0.5%, ahead of gains of around 0.2% for both the S&P 500 and Dow Jones.  

Strongest performers included Lumentum, Lam Research, AMD, Marvell, Micron, Applied Materials and Intel.

The Dow was held back by a 24% plunge for IBM, with the next fallers being Salesforce, down 3.4% and Microsoft, down 2%. 

Goldman Sachs was close to the top of the S&P leaderboard, up 5.1% on the back of a strong set of earnings, with JPMorgan Chase also crushing it.

8.40am: CPI gives boost  Stock futures have picked up after a softer-than-expected CPI report boosted hopes the Federal Reserve will keep interest rates on hold.

June's CPI rate eased to 3.5% from 4.2%, below forecasts of 3.8%, while core inflation eased to 2.6% against expectations of 2.8%.

On a monthly basis, CPI fell 0.4% compared to May, the biggest monthly decline since May 2020, prompting traders to pare bets on Fed hikes.

S&P 500 futures are now up 0.4% and Nasdaq futures 0.7% higher, while Dow futures are down 0.1%.

8am: Mixed open expected, IBM set to plunge Wall Street looked set for a mixed open as investors digested a 23% plunge in IBM shares, another jump in oil prices and the start of the second-quarter earnings season.

Dow Jones futures were down 281 points, or 0.5%, while S&P 500 futures were 0.1% lower. Nasdaq futures were pointing higher, up 0.6% after a sell-off in technology stocks at the start of the week.

Yesterday saw the Nasdaq tumble 1.6% to 25,873 as higher oil prices and weakness in chipmakers weighed on sentiment, with the S&P 500 dropping 0.8% to 7,515 and the Dow slipping 0.3% to 52,499 .

On Tuesday morning, US benchmark WTI crude is up 2% at $79.60 a barrel, having topped $81 earlier.

This escalation follows a third consecutive night of US strikes on Iran and after President Donald Trump announced a renewed blockade of Iranian shipping and proposed a 20% fee on Iranian cargo passing through the Strait of Hormuz.

Iran rejected the move, while the UAE said Iranian missiles had struck two oil tankers transiting the waterway.

Attention now turns to June's US inflation report, which could shape expectations for interest rates, before earnings season begins in earnest.

JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo and Citigroup kick off the US bank earnings season before the opening bell.

IBM shares plunged more than 23% in premarket trading after the technology group's preliminary second-quarter results showed revenue growth slowed to 1%, with a 7% decline in infrastructure sales offsetting gains in software.

The company reported revenue of $17.2 billion, while operating earnings per share rose 5% to $2.93 and year-to-date free cash flow reached $4.8 billion, but investors focused on the weaker top-line performance and pressure on margins.

Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is in advanced talks to acquire German food-delivery company Delivery Hero (XETRA:DHER, OTCQX:DLVHF), according to a Bloomberg report, with the companies aiming to finalize a takeover agreement as soon as this week.

Shares of Delivery Hero (XETRA:DHER, OTCQX:DLVHF) rose almost 6% following the report, while Uber shares fell about 2%.

A potential transaction would likely value Delivery Hero above its recent trading price of around €36 per share, according to people familiar with the matter cited by Bloomberg.

 Investors have been expecting a higher price after Uber previously approached the company with an offer of €33 per share.

Uber has already built a significant stake in Delivery Hero, holding 24.99% of the company’s shares and additional derivatives that bring its total economic interest to about 36.8%.

The reported acquisition discussions follow months of stake-building by Uber as the company seeks to expand its position in the global food-delivery market. A full takeover would give Uber control of one of Europe’s largest online food-delivery platforms.

Shares of Delivery Hero have added more than 71% so far this year.

Neither company has publicly confirmed that an agreement has been reached, and negotiations could still change or fail to result in a transaction.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Uber (NYSE:UBER | UBER Price Prediction) now carries a market capitalization of roughly $151.5 billion, backed by a platform that pushed $53.72 billion in Gross Bookings through its apps in a single quarter. Uber has scaled into a $150 billion consumer platform reporting real operating income, and the most recent quarter shows why the market is starting to price it that way.

What It Means The scale behind the market cap is what makes the profitability turn credible. In Q1 fiscal 2026, reported May 6, 2026, Uber ran 3.6 billion trips across 199 million Monthly Active Platform Consumers, with trips up 20% year over year and audience up 17%. Gross Bookings climbed 25%. Revenue reached $13.203 billion, just missing the $13.263 billion estimate by 0.45%, a gap the company attributes to a roughly 9 percentage-point headwind from business model changes.

The margin story is what pushes this into a new phase. The company’s operating income hit $1.923 billion, up 56.6% year over year. Additionally, adjusted EBITDA margin on Gross Bookings widened to 4.6% from 4.4%, and non-GAAP operating income margin expanded to 3.5% from 3.1%.

Non-GAAP EPS came in at $0.72, beating the $0.7133 estimate and growing 44% year over year, more than double the pace of bookings growth. While GAAP net income of $263 million fell 85.19%, that swing came from a $1.50 billion pre-tax mark on equity investments, with the operating business unaffected.

Market Reaction Shares closed at $74.43 on July 2, 2026, up 2.44% on the day and 3.92% over the past month. The year-to-date picture is weaker, with the stock down 8.91% from $81.71 at year-end 2025, and off 19.14% over the trailing year from $92.05. Post-earnings, the stock traded at $77.14 one hour after the filing before settling to $70.71 thirty days later.

Bull Case I think the bull case around Uber rests on operating leverage that is showing up in every line the market cares about. CEO Dara Khosrowshahi told investors on the call: “Importantly, we’re scaling this growth profitably. Non-GAAP EPS increased 44% year-over-year, more than twice as fast as our bookings growth, driven by disciplined cost management and operating leverage.”

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That leverage is being reinforced by a subscription flywheel. Uber One now has 50 million members, up from 30 million at the end of the prior year, growing 50% year on year and driving over 50% of bookings. Members spend 3x more than non-members.

Capital return is now part of the equation. Uber repurchased $3.011 billion of stock in Q1 alone, on top of $6.523 billion in buybacks during full-year 2025. Free cash flow reached $2.286 billion in the quarter, and $9.763 billion for full-year 2025, up 41.6%. The balance sheet backs it up, with debt-to-equity at 0.45, net debt to EBITDA at 0.79, and interest coverage of 12.65. Return on equity sits at 41.37%.

Insiders have been buying into the pullback. CFO Balaji Krishnamurthy and executives Tony West, Jill Hazelbaker, Andrew MacDonald, and Glen Ceremony all acquired shares in June 2026 at a reference price of $73.25, below the April level of $76.48. Analyst sentiment lines up behind Uber, with analyst posting 10 strong buys, 36 buys, 5 holds, and 1 sell, and a target price of $104.53.

Bottom Line For long-term holders, the $150 billion valuation now sits on top of a business generating margin expansion, buybacks, and a subscription base that is compounding. Uber’s Q2 guidance calls for Gross Bookings of $56.25 billion to $57.75 billion, non-GAAP EPS of $0.78 to $0.82 (growth of 31% to 38%), and adjusted EBITDA of $2.70 billion to $2.80 billion.

Thus, I think the company’s Q2 2026 report is the next reveal. If EPS growth continues to run at more than twice the pace of bookings, the $150 billion platform stops being a ceiling and starts looking like a floor.

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Uber Technologies (UBER, Financials), the company best known for ride-hailing and Uber Eats, is reportedly getting closer to buying German food-delivery group D

Delivery Hero said talks are at an advanced stage, and didn't comment on speculation regarding the price of the offer.

Uber has spent the last year quietly pushing beyond the two businesses most people associate it with. There’s ride-hailing, of course, and delivery, but spend time in the app and you’ll now find hotel bookings powered by Expedia, “shop for me” concierge features, and boat rentals in Europe.

Under the hood, so to speak, there’s also a lot happening. Think debit cards for drivers, a data-labeling side hustle for these same earners looking to make more moolah, and a six-month-old, business unit called AV Labs, which is developing a fleet of sensor-equipped vehicles that’s separate from Uber’s regular driver network and designed to gather ever-larger amounts of driving data. Uber frames the initiative as a way to strengthen its relationships with autonomous vehicle partners, several of which it also holds equity in, but it sure looks like a hedge, as well. Uber competes directly with some of those same partners, with Waymo chief among them, and owning the data layer gives Uber both some leverage and optionality.

Whether Uber becomes a full-blown “everything app” similar to some Asian super-apps like Grab, remains an open question. But in this conversation, Uber Chief Product Officer Sachin Kansal walks TechCrunch through the company’s financial-services ambitions, its increasingly complicated relationship with Waymo, its new AV Labs data operation, and how AI is starting to show up in ways riders and drivers will actually notice.

This interview has been edited for length and clarity.

TC: You unveiled hotels, boat rentals, and more shopping features earlier this year. How did that list get made, and what didn’t make the cut?

SK: Every year our teams are obviously building a lot of stuff, and a subset of that we decide is worth sharing with the world on the biggest stage. This year the theme that we gravitated towards was really travel. 1.5 billion trips on the Uber platform every year actually happen outside of a user’s home city, so we know that travel is something that’s a very common use case for Uber users. Our headline announcement this time was actually introducing hotels on Uber as a partnership with Expedia. But travel is so much more than that — you need rides to go from the airport to the hotel, and you need food. We heard from a lot of our users that a lot of them had stopped using room service and were just using the Uber Eats app. With “shop for me,” the goal was for us to enable you to shop from any local store even if that store is not available on Uber Eats with the entire catalog. Travel really is, in my opinion, the third leg of the stool — we had rides, then we added eats, and now we are adding travel.

Is Uber moving toward offering its own financial services, the way “everything apps” in Asia do?

Financial services for us cuts across multiple different entities — consumers, but also drivers and couriers, and merchants. We have multiple products today focused mostly on drivers and couriers, where we have what we call the Uber Pro card, which they can use as a debit card and transfer all their earnings onto. We are starting to experiment with some of those products for merchants in certain parts of the world right now. As far as consumers are concerned, we’ll see if that makes sense for us in the long term. Right now there is a currency for consumers to use — we call them Uber credits — and this ties to our membership program. On hotels, for example, members get 10% cash back on a $1,000 transaction, that’s $100 back as credit that you can then use on rides and eats.

Would Uber ever offer its own buy now, pay later product?

I’m not sure, because we want to make sure that the experts do what the experts do. We already have announced partnerships with others in the industry who are already providing that service, so that at checkout you have the ability to do that. In terms of our general product strategy, we’re not trying to be everything to everyone.

With boat rentals, in Europe, tapping the tab hands users off to a partner’s own booking flow rather than checking out inside Uber. Is that handoff model a template for what’s coming?

Definitely there are some instances, especially when we are doing something new, for us to rely on our partners, because a two-way integration just does take a lot of time, and in some cases it’s good for us to try before we integrate deeply. In the case of Expedia, we decided it just makes sense to integrate deeply — we built the entire UI on our own in partnership with Expedia. But in some cases it may make sense for us to hand off the rest of the experience to the experts in that field, and if you get great traction, we can always integrate them deeply.

Your Uber One membership product now has 51 million members and accounts for roughly half of bookings. Do you have data showing the cross-sell actually works — that a delivery user later starts taking more rides?

On the delivery side, it takes you two to three orders for you to break even the monthly fee that you pay. As members get more habituated to the program, it’s increasing their frequency within the line of business they are already using. And it’s also leading to more usage of the other sides of the business — we are seeing people who are mobility only also start to use delivery, and people who are delivery only also start to use mobility.

Delivery has been one of the hardest businesses in tech to make profitable. Is Uber Eats still leaning on ride-hailing to stay healthy?

During the early years of Uber Eats it was not profitable yet, but over the last several quarters, Uber Eats has been independently a profitable business for us, and generating a lot of profit.

A story I wrote this spring framed Uber as unexpectedly competing more directly with Airbnb, which is now offering airport transfers through a partner. Do you see it that way? Who are you most focused on?

There’s no dearth of competitors — Lyft in the U.S., Didi and 99 in Latin America, Bolt, Ola around the world, and on delivery, DoorDash, Delivery Hero. But I only spend a very small percentage of my time thinking about that. The bigger percentage of my time, or what keeps me up at night, is are we providing our users all the value that we can provide.

You recently wound down the Waymo pilot in Phoenix while scaling elsewhere. How do you keep the experience coherent when you’re partnering with — and in some cities competing with — the same supplier?

Phoenix was the first city that we launched with Waymo, with about a dozen cars, but our scale launches have been in Austin and Atlanta, where we have hundreds of cars with them. When we recently looked at the Phoenix pilot, we mutually decided that it doesn’t make sense for us to continue. Waymo is an excellent partner of ours, but in many cities they’re also a competitor. We are not in the race to be an L4 autonomy provider — what we are focusing on is laying down the race tracks so we can work with multiple players. We believe in the hybrid network, human drivers as well as autonomous vehicles in the same city, because it allows us to balance demand and supply.

Regarding AV Labs, what can Uber offer autonomy partners that they don’t already have?

We are going to be equipping hundreds of cars with sensors, deployed through our fleet partners, and through that we’ll be collecting millions of miles worth of driving data. That really helps with the long-tail problem — you want to see all the edge cases, not just the P95, P99 level. Beyond the data itself, there’s so much know-how from our 10 million earners in terms of how pickups and drop-offs work. We handle 25 million lost items every single year — how do you operationally handle that in the world of autonomy? That’s the kind of operational expertise we can bring.

Is Uber selling driver and rider data to Gen AI companies?

I would divide this into two parts. In terms of Gen AI companies, we are able to label data for them using our earner base, or through audio collection, and yes, we have commercial relationships with them and we are selling it to them — that’s a part of the business that is new, and we are extremely bullish about it. AV Labs is separate, and we are still figuring those models out for sharing that data with partners. It’s a little early.

Are drivers recording conversations with riders for this data work?

No, no, no — I want to be very clear, there’s no conversation being recorded as part of that while they’re on a ride. When they’re not on a trip, they’re not driving, they’re not delivering, they’re just talking, or they’re listening to a piece of audio and transcribing it. They get paid for doing that, by the way.

Where has AI actually shown up in ways a rider or driver would notice?

If you are an earner on our platform, we have an earner assistant — the number one question on their mind is how do I make more money, and it will say, look, it’s actually pretty light in the South Bay, but you may want to go five miles away where there’s a lot of demand. On the Eats side, there’s a grocery cart assistant where you can say “I want milk, eggs, bread” and it creates the cart very quickly. And on rides, you’re able to use voice to request a ride — say “I’m looking for a ride to the airport, I have six pieces of luggage, six people.”

So a fully agentic Uber — “plan and book my whole trip” — is on the horizon?

I can’t put a date on it, and I can’t tell you exactly what the feature set will be, but I think AI is going to be a huge enabler of that, where I can leave the complexity to the platform and just tell an agent what exactly I want. Easier said than done — we want to make sure we’re not just checking a box by shipping an agent that maybe doesn’t work that well.

As CPO, how do you personally prioritize with so many ideas in flight?

I would say I spend 70% to 80% of my time making sure that our existing products, or the products we are about to launch, are as solid as possible. All the new ideas are like shiny objects — if you have 100 ideas, maybe five of them are good, and those five then need a lot of cultivation and conviction. So probably 20% of the time is on new ideas — including, by the way, I go out and drive and deliver myself, just to see our product from the other side firsthand.

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