Uber Stock News

U.S. ride-hailing and food delivery giant Uber raised its guidance for adjusted profitability in the first quarter, a rosier than anticipated outlook triggered by a spike in demand. In a fresh 8-k filing this morning, Uber said it now expects adjusted EBITDA — a heavily-modified profit metric that strips out a host of costs, including […]

U.S. ride-hailing and food delivery giant Uber raised its guidance for adjusted profitability in the first quarter, a rosier than anticipated outlook triggered by a spike in demand. In a fresh 8-k filing this morning, Uber said it now expects adjusted EBITDA — a heavily-modified profit metric that strips out a host of costs, including […]

C slipped on an analyst''s downgrade. UBER rallied on raised guidance but gave up a large chunk of its early gains. TPTX fell on an executive departure. LLNW rose on an acquisition.

Uber Technologies raised its outlook for first-quarter core profit on Monday, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.

Observing that app based taxi firms such as Ola and Uber operating in Maharashtra without valid licenses was an instance of "complete lawlessness," the Bombay high court on Monday directed all such aggregators to apply for valid licenses by March 16 if they wish to continue operations.

NEW YORK , March 7, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, UBER, NOC, MRO, and BABA. … Full story available on Benzinga.com

Uber says trips have recovered 90% and mobility gross bookings recovered 95% in February compared with the same period in 2019

Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology Rajeev Chandrasekhar on Monday said the government wants India to lead the global tech movement. The Minister was speaking at the India Global Forum''s annual summit on the topic ''The New India Inc'' here. "…we would like India to be less of just being a fuel for global tech companies, but to also lead the global tech movement," Chandrasekhar said in response to a question on impact of global tech companies investing and creating a strong base here. Noting that companies like Volvo, Uber, Intel and many others are creating an ecosystem where the talent is out there and there is critical mass, he said, "Into that mix when you toss in the desire for entrepreneurship, along with the capital and encouragement by the government to support innovation, we will see in the next coming years a large number of India origin innovation." "It is the government''s ambition and vision that we want more and

Full story available on Benzinga.com

The company said mobility demand has improved "significantly" through February.

The company said mobility demand has improved "significantly" through February.

Uber raises earnings forecast for current quarter after seeing surge in ride-hailing demand in February, as demand for delivery services remains high

Chief Executive Dara Khosrowshahi said the company expects the upcoming travel season to be one of the strongest ever.