Uber Technologies Inc (UBER)

WeRide, Uber, and AVOMO Bring Robotaxis to MadridJune 2, 2026 4:30 AM
Business Wire First joint market entry in Europe, with public operations expected later this year via the Uber app In partnership with the Madrid Regional Government WeRide (NASDAQ: WRD, HKEX: 0800), a global leader in autonomous driving technology, and Uber Technologies, Inc. (NYSE: UBER) today announced plans to launch Spain’s first commercial Robotaxi pilot in the Region of Madrid, marking the companies’ first joint entry into the European market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602891867/en/Illustration of WeRide and Uber’s Robotaxi GXR in Madrid The service is expected to begin operations later this year, in collaboration with Madrid’s Regional Government (Comunidad de Madrid), with rides available via the Uber app. The parties expect the fleet to scale progressively and will initially include trained vehicle operators, with WeRide, AVOMO and Uber committed to adding hundreds of Robotaxis as key performance milestones are met, including the expansion of fully driverless commercial service across core urban areas. This milestone builds on WeRide and Uber’s proven track record in the Middle East, where fully driverless Robotaxi commercial services are already in Abu Dhabi and Dubai, with Riyadh expected to follow. The rollout reflects WeRide’s asset-light operating strategy, enabling Robotaxi commercialization through established partners that contribute fleet investment and platform support. In Madrid the transportation service will be carried out with the support of AVOMO, a Moove Cars Group company, and Uber’s AV fleet operations partner in the United States in both Atlanta and Austin, using WeRide’s autonomous driving technology. The Region of Madrid represents one of Europe’s most attractive Robotaxi markets, supported by strong mobility demand, a large urban population, and favorable policies. Powered by the WeRide One universal technology platform and WeRide GENESIS general-purpose simulation platform, WeRide expects to efficiently replicate the operational success from its Middle East deployments, enabling a faster rollout of safe and reliable Robotaxi services in Madrid. This marks the fourth of the 15 cities outlined under WeRide and Uber's previous agreement, with another 11 cities to come by 2030. Under this partnership, they plan to deploy tens of thousands of Robotaxis on public roads to bring safe and reliable autonomous mobility to riders around the globe. "Launching driverless Robotaxis in Madrid, one of Europe's fastest-growing urban environments, demonstrates our ability to operate safely in complex real-world conditions. Spain is our fifth European market entry and further strengthens our position as a trusted Robotaxi operator across the continent. Together with Uber, we're combining our autonomous driving technology with their mobility platform to accelerate commercialization at scale," said Dr. Tony Han, Founder and CEO of WeRide. “Madrid represents an important next step in our partnership with WeRide to bring autonomous mobility to more people around the world. With a clear regulatory path and strong local partners, Madrid is a natural place to become a leading European market for AVs. We’re excited to help shape the future of autonomous mobility in Europe together,” said Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber. “This launch will mark an important milestone in AVOMO’s international expansion which further strengthens our position as a global autonomous mobility operator. After nearly two years of close collaboration with Uber in the United States, we are entering this next phase with a long-term vision and a strong commitment to building efficient, scalable operations across new markets,” said Manuel Puga, CEO of Moove Cars Group. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been deployed in over 40 cities across 12 countries. We are also the first and only technology company whose products have received autonomous driving permits in eight markets: China, the UAE, Singapore, France, Switzerland, Saudi Arabia, Belgium, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune's 2025 Change the World and 2025 Future 50 lists. 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 72 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 AVOMO AVOMO is the autonomous vehicle operations company of Moove Cars Group, specializing in the operations and maintenance of self-driving fleets to support safe, reliable and scalable AV deployments. AVOMO currently operates autonomous vehicle fleets in Austin and Atlanta, managing around 400 AVs with a team of more than 200 specialists. 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 WeRide’s, Uber’s, or AVOMO’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and are subject to regulatory approvals. Further information regarding these and other risks is included in WeRide and Uber’s filings with the U.S. Securities and Exchange Commission and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release. WeRide, Uber and AVOMO do not undertake any obligation to update any forward-looking statement, except as required under applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602891867/en/ Media Contacts
WeRide: pr@weride.ai
Uber: press@uber.com Original: WeRide, Uber, and AVOMO Bring Robotaxis to Madrid

Uber shares surge after Q1 earnings beat and strong bookings growthMay 6, 2026 9:34 AM
IH Market News Uber (NYSE:UBER) rose sharply in premarket trading on Wednesday after the transportation and delivery platform reported first-quarter earnings that exceeded Wall Street expectations.The company posted earnings per share of $0.72, ahead of analyst forecasts of $0.70.Revenue increased 10% year over year on a constant-currency basis to $13.2 billion, although the figure came in slightly below the Wall Street consensus estimate of $13.31 billion. Gross bookings deliver strong growth Uber reported a 21% increase in gross bookings on a constant-currency basis during the quarter.Gross bookings, which measure total consumer spending across the company’s ride-hailing and delivery platform, remain one of the most closely watched indicators of demand and platform activity.The strong growth highlighted continued momentum across Uber’s core businesses despite broader macroeconomic uncertainty. Shares jump in premarket trading Investors reacted positively to the earnings release, sending Uber shares more than 9% higher in premarket trading by 07:21 ET.The rally reflected investor confidence in the company’s ongoing growth trajectory and solid operational performance during the quarter.Uber Technologies stock price Original: Uber shares surge after Q1 earnings beat and strong bookings growth

Uber Announces Results for First Quarter 2026May 6, 2026 6:55 AM
Business Wire Trips grew 20% year-over-year and Gross Bookings grew 21% year-over-year on a constant currency basis Record GAAP Income from operations of $1.9 billion; Non-GAAP Operating Income of $1.9 billion, up 42% year-over-year GAAP Diluted EPS of $0.13; Non-GAAP EPS of $0.72, up 44% year-over-year Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2026. “As we highlighted at GO-GET, from innovative travel integrations to new ways to shop, we’re continuing to deepen the role Uber plays in daily life," said Dara Khosrowshahi, CEO. “Reaching 50 million Uber One members is an exciting milestone as we execute against our platform strategy, with members now driving half of our Gross Bookings across Mobility and Delivery.” “We are off to an exceptional start to 2026, with Gross Bookings growth exceeding 21% for the third consecutive quarter and earnings scaling at more than twice our topline,” said Balaji Krishnamurthy, CFO. "From this position of strength, we’re investing with conviction in the significant opportunities ahead, while taking a capital-efficient approach to AVs and embracing AI to drive growth and productivity." Financial and Operational Highlights for First Quarter 2026 Trips during the quarter grew 20% year-over-year (“YoY”) to 3.6 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 17% YoY and monthly Trips per MAPC growth of 3% YoY. Gross Bookings grew 25% YoY to $53.7 billion, and 21% on a constant currency basis. Revenue grew 14% YoY to $13.2 billion, or 10% on a constant currency basis. Business model changes negatively impacted total revenue YoY growth by 9 percentage points, or 8 percentage points on a constant currency basis. GAAP Income from operations grew 57% YoY to $1.9 billion. GAAP Net income attributable to Uber Technologies, Inc. was $263 million, which includes a $1.5 billion net headwind (pre-tax) from revaluations of Uber’s equity investments. GAAP Diluted earnings per share (“EPS”) was $0.13. Adjusted EBITDA grew 33% YoY to $2.5 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.6%, up from 4.4% in Q1 2025. Non-GAAP Operating Income grew 42% YoY to $1.9 billion. Non-GAAP Operating Income as a percentage of Gross Bookings was 3.5%, up from 3.1% in Q1 2025. Non-GAAP Net Income grew 39% YoY to $1.5 billion and Non-GAAP EPS grew 44% YoY to $0.72. Net cash provided by operating activities was $2.4 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.3 billion. Unrestricted cash, cash equivalents, and short-term investments were $6.1 billion at the end of the first quarter. Outlook for Q2 2026 For Q2 2026, we anticipate: Gross Bookings of $56.25 billion to $57.75 billion, representing growth of 18% to 22% YoY on a constant-currency basis. Our outlook assumes a roughly 2 percentage-point currency tailwind to total reported YoY growth. Non-GAAP EPS of $0.78 to $0.82, representing growth of 31% to 38% YoY. Our outlook translates to Adjusted EBITDA of $2.70 billion to $2.80 billion. Financial and Operational Highlights for First Quarter 2026     Three Months Ended March 31,         (In millions, except percentages)   2025   2026   % Change   % Change
(Constant Currency (1))                   Monthly Active Platform Consumers (“MAPCs”)     170     199   17 %     Trips     3,036     3,643   20 %     Gross Bookings   $ 42,818   $ 53,720   25 %   21 % Revenue   $ 11,533   $ 13,203   14 %   10 % GAAP Income from operations   $ 1,228   $ 1,923   57 %     GAAP Net income attributable to Uber Technologies, Inc. (2)   $ 1,776   $ 263   (85 )%     GAAP Diluted EPS   $ 0.83   $ 0.13   (85 )%     Adjusted EBITDA (1)   $ 1,868   $ 2,481   33 %     Non-GAAP Operating Income (1)   $ 1,326   $ 1,883   42 %     Non-GAAP Net Income (1)   $ 1,072   $ 1,493   39 %     Non-GAAP EPS (1)   $ 0.50   $ 0.72   44 %     Net cash provided by operating activities   $ 2,324   $ 2,351   1 %     Free cash flow (1)   $ 2,250   $ 2,286   2 %     (1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. (2) Q1 2025 net income includes a $51 million net benefit (pre-tax) from revaluations of Uber’s equity investments. Q1 2026 net income includes a $1.5 billion net headwind (pre-tax) from revaluations of Uber’s equity investments. Results by Offering and Segment Gross Bookings       Three Months Ended March 31,         (In millions, except percentages)   2025   2026   % Change   % Change
(Constant Currency)                   Gross Bookings:                 Mobility   $ 21,182   $ 26,394   25 %   20 % Delivery     20,377     25,992   28 %   23 % Freight     1,259     1,334   6 %   6 % Total   $ 42,818   $ 53,720   25 %   21 % Revenue       Three Months Ended March 31,         (In millions, except percentages)   2025   2026   % Change   % Change
(Constant Currency)                   Revenue:                 Mobility   $ 6,496   $ 6,798   5 %   1 % Delivery     3,777     5,068   34 %   28 % Freight     1,260     1,337   6 %   6 % Total   $ 11,533   $ 13,203   14 %   10 % Non-GAAP Operating Income and Segment Operating Income (Loss)       Three Months Ended March 31,     (In millions, except percentages)   2025   2026   % Change               Segment Operating Income (Loss):             Mobility   $ 1,587     $ 2,029     28 % Delivery     671       961     43 % Freight     (25 )     (30 )   (20 )% Corporate G&A and Platform R&D (1)     (907 )     (1,077 )   (19 )% Non-GAAP Operating Income (2)   $ 1,326     $ 1,883     42 % (1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change. (2) “Non-GAAP Operating Income” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Webcast and conference call information A live audio webcast of our first quarter ended March 31, 2026 earnings release call will be available at https://investor.uber.com/, along with the earnings press release and slide presentation. The call begins on May 6, 2026 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site. We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (https://investor.uber.com/), and our blogs (https://uber.com/blog) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD. 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. Forward-Looking Statements This press release contains forward-looking statements regarding our 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,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “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 our 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: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments, particularly with respect to our relationships with drivers and couriers and the impact of the global economy, including rising inflation and interest rates. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our 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 release and in the attachments is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. Non-GAAP Financial Measures To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business. There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP. For more information on these non-GAAP financial measures, please see the sections titled “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. In regards to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking Non-GAAP EPS and Adjusted EBITDA measures to the closest corresponding GAAP measures without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts. UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)       As of December 31, 2025   As of March 31, 2026 Assets         Cash and cash equivalents   $ 7,105     $ 5,558   Short-term investments     528       533   Restricted cash and cash equivalents     631       680   Accounts receivable, net     3,827       3,895   Prepaid expenses and other current assets     1,902       2,157   Total current assets     13,993       12,823   Restricted cash and cash equivalents     1,911       1,872   Restricted investments     8,874       9,026   Investments     9,178       8,109   Equity method investments     287       268   Property and equipment, net     1,897       1,842   Operating lease right-of-use assets     1,114       1,458   Intangible assets, net     1,048       990   Goodwill     8,931       8,919   Deferred tax assets     10,951       10,844   Other assets     3,618       3,734   Total assets   $ 61,802     $ 59,885   Liabilities, redeemable non-controlling interests and equity         Accounts payable   $ 1,013     $ 1,189   Short-term insurance reserves     3,387       3,467   Operating lease liabilities, current     169       195   Accrued and other current liabilities     7,751       7,142   Total current liabilities     12,320       11,993   Long-term insurance reserves     9,076       9,437   Long-term debt, net of current portion     10,521       10,514   Operating lease liabilities, non-current     1,390       1,710   Other long-term liabilities     412       419   Total liabilities     33,719       34,073             Redeemable non-controlling interests     165       171   Equity         Common stock     —       —   Additional paid-in capital     38,101       35,527   Accumulated other comprehensive loss     (432 )     (421 ) Accumulated deficit     (10,628 )     (10,355 ) Total Uber Technologies, Inc. stockholders' equity     27,041       24,751   Non-redeemable non-controlling interests     877       890   Total equity     27,918       25,641   Total liabilities, redeemable non-controlling interests and equity   $ 61,802     $ 59,885   UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share amounts which are reflected in thousands, and per share amounts)
(Unaudited)       Three Months Ended March 31,     2025   2026 Revenue   $ 11,533     $ 13,203   Costs and expenses         Cost of revenue, exclusive of depreciation and amortization shown separately below     6,937       7,258   Operations and support     668       763   Sales and marketing     1,057       1,326   Research and development     815       951   General and administrative     657       798   Depreciation and amortization     171       184   Total costs and expenses     10,305       11,280   Income from operations     1,228       1,923   Interest expense     (105 )     (108 ) Interest income     169       175   Other income (expense), net     93       (1,494 ) Income before income taxes and loss from equity method investments     1,385       496   Provision for (benefit from) income taxes     (402 )     194   Loss from equity method investments     (13 )     (20 ) Net income including non-controlling interests     1,774       282   Less: net income (loss) attributable to non-controlling interests, net of tax     (2 )     19   Net income attributable to Uber Technologies, Inc.   $ 1,776     $ 263   Net income per share attributable to Uber Technologies, Inc. common stockholders:         Basic   $ 0.85     $ 0.13   Diluted   $ 0.83     $ 0.13   Weighted-average shares used to compute net income per share attributable to common stockholders:         Basic     2,092,464       2,052,187   Diluted     2,122,618       2,071,391   UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)       Three Months Ended March 31,     2025   2026 Cash flows from operating activities         Net income including non-controlling interests   $ 1,774     $ 282   Adjustments to reconcile net income to net cash provided by operating activities:         Depreciation and amortization     178       191   Stock-based compensation     435       473   Deferred income taxes     (412 )     106   Unrealized (gain) loss on debt and equity securities, net     (51 )     1,474   Unrealized foreign currency transactions     (51 )     5   Other     (27 )     20   Change in assets and liabilities, net of impact of business acquisitions and disposals:         Accounts receivable     (123 )     (74 ) Prepaid expenses and other assets     (497 )     (212 ) Operating lease right-of-use assets     43       62   Accounts payable     6       184   Accrued insurance reserves     675       443   Accrued expenses and other liabilities     430       (541 ) Operating lease liabilities     (56 )     (62 ) Net cash provided by operating activities     2,324       2,351   Cash flows from investing activities         Purchases of property and equipment     (74 )     (65 ) Purchases of non-marketable equity securities     (179 )     (332 ) Purchases of marketable securities     (2,540 )     (6,759 ) Purchases of notes receivable     (40 )     (187 ) Proceeds from maturities and sales of marketable securities     2,397       6,546   Acquisition of businesses, net of cash acquired     —       (6 ) Other investing activities     (106 )     30   Net cash used in investing activities     (542 )     (773 ) Cash flows from financing activities         Principal payments on finance leases     (47 )     (40 ) Repurchases of common stock     (1,785 )     (3,011 ) Other financing activities     (30 )     (40 ) Net cash used in financing activities     (1,862 )     (3,091 ) Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents     70       (24 ) Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents     (10 )     (1,537 ) Cash and cash equivalents, and restricted cash and cash equivalents         Beginning of period     8,610       9,647   End of period   $ 8,600     $ 8,110   Key Terms for Our Key Metrics Driver(s). The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both. Gross Bookings. We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives) and Freight revenue. Gross Bookings do not include tips earned by Drivers. Gross Bookings are an indication of the scale of our current platform, which ultimately impacts revenue. Monthly Active Platform Consumers (“MAPCs”). We define MAPCs as the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. While a unique consumer can use multiple product offerings on our platform in a given month, that unique consumer is counted as only one MAPC. Segment Operating Income (Loss). We define each segment’s Operating Income (Loss) as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Non-GAAP Operating Income. Trips. We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. For example, an UberX Share ride with three paying consumers represents three unique Trips, whereas an UberX ride with three passengers represents one Trip. We believe that Trips are a useful metric to measure the scale and usage of our platform. Definitions of Non-GAAP Measures We collect and analyze operating and financial data to evaluate the health of our business and assess our performance. In addition to revenue, net income (loss), income (loss) from operations, and other results under GAAP, we use: Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, revenue growth rates in constant currency, which are described below, to evaluate our business. Adjusted EBITDA is no longer a key measure used by management; we include a disclosure on Adjusted EBITDA to assist during the transition to our new non-GAAP measures. We have included these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance, generate future operating plans, and make strategic decisions. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. In addition, they provide useful measures for period-to-period comparisons of our business, as they remove the effect of certain non-cash expenses, certain variable charges and other gains, losses, benefits, or charges that are unpredictable, in both magnitude and timing, and items not indicative of our ongoing operating performance. Our calculation of these non-GAAP financial measures may differ from similarly-titled non-GAAP measures, if any, reported by our peer companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP. Non-GAAP Operating Income We define Non-GAAP Operating Income as income from operations, excluding (i) amortization of acquired intangible assets, (ii) certain legal, non-income tax, and regulatory reserve changes and settlements, (iii) goodwill and asset impairments/loss on sale of assets, (iv) acquisition, financing and divestitures related expenses, (v) restructuring and related charges, and (vi) other items not indicative of our ongoing operating performance. Amortization of acquired intangible assets. Management views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of acquired intangible assets is a static expense, which is not typically affected by operations during any particular period and is not reflective of ongoing operating performance. Although we exclude the amortization of acquired intangibles, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Legal, non-income tax, and regulatory reserve changes and settlements. Legal, non-income tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, non-income tax and regulatory matters and related expenses incurred in our ongoing operating performance. Non-GAAP Net Income Our Non-GAAP Net Income excludes the adjustments that are excluded from Non-GAAP Operating Income, as well as certain components below income from operations, such as certain items that are not indicative of our recurring core business operating results and certain income tax effects. Other income (expense), net. Primarily includes items not indicative of our ongoing operating performance. From time to time, we may exclude other gains, losses, benefits, or charges that are unpredictable, in both magnitude and timing, and items not indicative of our ongoing operating performance. These items include, but are not limited to: foreign currency exchange gain (losses), net, and unrealized (gain) loss on debt and equity securities, net. Income tax effects. Primarily include the income tax effects of the adjustments excluded from Non-GAAP Net Income and exclude other income tax benefits or expenses that are unpredictable, in both magnitude and timing, and not indicative of the tax associated with our ongoing operating performance.     Three Months Ended March 31,     2025   2026 GAAP effective tax rate   (29 )%   39 % Total adjustments to GAAP provision for income taxes   52 %   (16 )% Non-GAAP effective tax rate   23 %   23 % Adjustment to redeemable non-controlling interests. Primarily reflects changes in the carrying value of redeemable non-controlling interests that are subject to put or call arrangements not solely within our control, which are remeasured to their estimated redemption value on a quarterly basis. These adjustments are non-cash in nature and are not indicative of our ongoing operating performance. Non-GAAP EPS We define Non-GAAP EPS as Non-GAAP Net Income attributable to common stockholders divided by Non-GAAP weighted-average shares outstanding. Adjustments to GAAP diluted weighted-average shares outstanding are for any potentially dilutive outstanding securities in periods where Non-GAAP Net Income is positive, but GAAP Net income was in a loss position. Limitations of Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS and Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS Reconciliations These non-GAAP financial measures have limitations as financial measures, should be considered as supplemental in nature, and are not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following: These non-GAAP financial measures exclude certain recurring, non-cash charges, such as amortization of acquired intangible assets, and although these are non-cash charges, the assets being amortized may have to be replaced in the future, and Non-GAAP Operating Income and Non-GAAP Net Income do not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements; These non-GAAP financial measures exclude certain restructuring and related charges, part of which may be settled in cash; These non-GAAP financial measures exclude certain legal, non-income tax, and regulatory reserve changes and settlements that may reduce cash available to us; These non-GAAP financial measures exclude other items not indicative of our ongoing operating performance; and These non-GAAP financial measures do not reflect the components of other income (expense), net, which primarily includes: foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net. Adjusted EBITDA We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) interest income, (vii) other income (expense), net, (viii) depreciation and amortization, (ix) stock-based compensation expense, (x) certain legal, non-income tax, and regulatory reserve changes and settlements, (xi) goodwill and asset impairments/loss on sale of assets, (xii) acquisition, financing and divestitures related expenses, (xiii) restructuring and related charges and (xiv) other items not indicative of our ongoing operating performance. Legal, non-income tax, and regulatory reserve changes and settlements. Legal, non-income tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, non-income tax and regulatory matters and related expenses incurred in our ongoing operating performance. Limitations of Adjusted EBITDA and Adjusted EBITDA Reconciliation Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following: Adjusted EBITDA excludes certain recurring, non-cash charges, such as depreciation of property and equipment and amortization of intangible assets, and although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy; Adjusted EBITDA excludes certain restructuring and related charges, part of which may be settled in cash; Adjusted EBITDA excludes other items not indicative of our ongoing operating performance; Adjusted EBITDA does not reflect period to period changes in taxes, income tax expense or the cash necessary to pay income taxes; Adjusted EBITDA does not reflect the components of other income (expense), net, which primarily includes: foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net; and Adjusted EBITDA excludes certain legal, non-income tax, and regulatory reserve changes and settlements that may reduce cash available to us. Constant Currency We compare the percent change in our current period results from the corresponding prior period using constant currency disclosure. We present constant currency growth rate information to provide a framework for assessing how our underlying revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior period’s monthly exchange rates for our transacted currencies other than the U.S. dollar. Free Cash Flow We define free cash flow as net cash flows from operating activities less capital expenditures. Reconciliations of Non-GAAP Measures Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS The following tables present reconciliations of GAAP and Non-GAAP Operating Income, GAAP and Non-GAAP Net Income and GAAP and Non-GAAP EPS:     Three Months Ended March 31, (In millions, except share amounts which are reflected in thousands, and per share amounts)   2025   2026 GAAP Income from operations   $ 1,228     $ 1,923   Add (deduct):         Amortization of acquired intangible assets     64       59   Legal, non-income tax, and regulatory reserve changes and settlements     28       (129 ) Acquisition, financing and divestitures related expenses     3       25   Loss on lease arrangement, net     2       5   Restructuring and related charges     1       —   Total adjustments excluded from Non-GAAP Operating Income     98       (40 ) Non-GAAP Operating Income   $ 1,326     $ 1,883             GAAP Net income attributable to Uber Technologies, Inc.   $ 1,776     $ 263   Adjustments excluded from Non-GAAP Operating Income (see above)     98       (40 ) Other (income) expense, net     (93 )     1,494   Income tax effects (1)     (722 )     (254 ) Loss from equity method investments     13       20   Adjustment to redeemable non-controlling interests     —       10   Non-GAAP Net Income     1,072       1,493   Assumed net loss attributable to Freight Holding contingently issuable shares     (13 )     —   Non-GAAP Net Income attributable to common stockholders   $ 1,059     $ 1,493             Diluted weighted-average shares outstanding     2,122,618       2,071,391             GAAP Diluted EPS (2)   $ 0.83     $ 0.13   Non-GAAP EPS (2)   $ 0.50     $ 0.72 (1)   Income tax effects include the impact of a stock loss and capitalized research and development expenses in Q1 2025 and the deferred U.S. tax impact related to our equity securities in Q1 2026. (2)   Per share amounts are calculated using unrounded numbers and therefore may not recalculate. Adjusted EBITDA The following table presents reconciliations of Adjusted EBITDA to the most directly comparable GAAP financial measure for each of the periods indicated:     Three Months Ended March 31, (In millions)   2025   2026 Adjusted EBITDA reconciliation:         Net income attributable to Uber Technologies, Inc.   $ 1,776     $ 263   Add (deduct):         Net income (loss) attributable to non-controlling interests, net of tax     (2 )     19   Loss from equity method investments     13       20   Provision for (benefit from) income taxes     (402 )     194   Other (income) expense, net     (93 )     1,494   Interest expense     105       108   Interest income     (169 )     (175 ) Income from operations     1,228       1,923   Add (deduct):         Depreciation and amortization     171       184   Stock-based compensation expense     435       473   Legal, non-income tax, and regulatory reserve changes and settlements     28       (129 ) Acquisition, financing and divestitures related expenses     3       25   Loss on lease arrangement, net     2       5   Restructuring and related charges     1       —   Adjusted EBITDA   $ 1,868     $ 2,481   Free Cash Flow The following tables present reconciliations of free cash flow to the most directly comparable GAAP financial measure for each of the periods indicated:     Three Months Ended March 31, (In millions)   2025   2026 Free cash flow reconciliation:         Net cash provided by operating activities   $ 2,324     $ 2,351   Purchases of property and equipment     (74 )     (65 ) Free cash flow   $ 2,250     $ 2,286     View source version on businesswire.com: https://www.businesswire.com/news/home/20260506718774/en/ Investors and analysts: investor@uber.com
Media: press@uber.com Original: Uber Announces Results for First Quarter 2026

Uber Expands into Travel with Hotel Bookings and New In-App FeaturesApril 29, 2026 11:00 AM
Business Wire
New features unveiled at GO–GET simplify daily life in one app to give people their time back


Uber Technologies, Inc. (NYSE: UBER), the world’s leading mobility and delivery platform, announced a new set of products and features at its annual GO–GET product event, including hotel bookings and new travel tools.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429280841/en/Uber announces new products and features at its annual GO–GET product event, including hotel bookings and new travel tools
The updates reflect Uber’s continued platform strategy to bring more of everyday life into one simple user experience.


“Uber is becoming an app for everything—helping people go, get, and now travel all in one place,” said Dara Khosrowshahi, CEO of Uber. “We’re all living through a moment of real cognitive overload: too many apps, too many decisions, too much noise. At the end of the day, our job is to help people reclaim their time, spending less of it managing the logistics of life and more of it actually living.”


Hotels on Uber


Among the new offerings, Uber introduced a partnership with Expedia Group (NYSE: EXPE) that allows Uber customers to book hotels directly in the Uber app, unlocking immense value for travelers. At a time when airline prices are soaring and the summer is predicted to see a surge of travel, consumers are looking for optimal ways to book trips and save.


Uber and Expedia Group are partnering to offer Uber users in the U.S. access to a wide selection of hotels, which will ultimately grow to more than 700,000 properties in destinations around the globe. Uber One members will earn 10% back in Uber One credits on all hotel bookings, plus they’ll save at least 20% on a rolling list of more than 10,000 hotels worldwide. Vacation rentals from Expedia Group brand, Vrbo, will be added later this year.


The partnership is expected to expand beyond the U.S. In addition, following an initial pilot, Uber rides will be integrated directly in the Expedia app beginning in June. Travelers will receive push notifications before their hotel check-in date to book Uber rides at a discount for the duration of their trip.


“Travel should feel effortless, and this partnership gets us one step closer to offering a seamless traveler experience,” said Expedia Group CEO Ariane Gorin. “By connecting our two-sided marketplace with Uber, we’re bringing Uber rides directly into the Expedia app and Expedia Group’s lodging inventory into the Uber app through our Rapid API technology. Together, we’re helping travelers spend less time planning and more time enjoying the journey.”


Travel Mode


Uber also introduced Travel Mode, a new experience within the Uber and Uber Eats apps, offering travelers curated recommendations on local favorites, popular tourist destinations, OpenTable reservations, Uber’s version of “room service” delivered directly to your hotel door, and even forgotten items for those traveling to new destinations. Users can now think of the Uber app as a personal travel concierge.


Uber One International


Just in time for summer travel, Uber One now works globally, allowing members to earn Uber One credits on rides, while enjoying $0 Delivery Fee and more. The Uber One credits earned abroad will apply once members return, making the airport ride home even better.


Shop for Me


The new Shop for Me feature is the ultimate way to get things done. Now, users can request items from any store—even those not listed on the app—transforming stressful moments into multi-tasking magic. Whether it’s a last-minute gift, a favorite NY Strip from the local butcher, or a 10-inch snake plant, Uber’s Shop for Me has got it covered.


Eats for the Way


To help those with early mornings or packed schedules, riders in select cities can now reserve an Uber Black or Uber Black SUV and have your driver arrive with a drink or snack in hand. Once your Uber Reserve has been confirmed, simply tap “add Uber Eats” to enjoy a coffee, tea, or bite on the go.


Voice Bookings


Whether you’re running through the airport with kids in tow or have your hands full with groceries, our AI powered Voice Bookings will help you catch a ride in no time. Using a conversational assistant that understands your destination and preferences, Voice Bookings presents the best options for your needs. Just say what you need, and you’re on your way.


One Search


We’ve redesigned the Where to? bar so all searches will populate results for places, food and items across the Uber platform. Whether booking a ride or ordering delivery, search once and Uber will connect the dots.


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 72 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.


Forward-Looking Statements


This press release contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially. See Uber’s SEC filings for additional information. Uber undertakes no obligation to update these statements except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429280841/en/
Investors and Analysts:

investor@uber.com


Press:

press@uber.com


Original: Uber Expands into Travel with Hotel Bookings and New In-App Features

Federal Jury Once Again Finds Uber Responsible for Driver Assault at Second Consecutive Bellwether Trial, Awarding Damages to North Carolina PlaintiffApril 22, 2026 12:06 PM
PR Newswire (US)

More Than 3,000 Additional Rideshare Sexual Assault Claims Are Pending in National Multidistrict Litigation CHARLOTTE, N.C., April 22, 2026 /PRNewswire/ -- A federal jury in the U.S. District Court for the Western District of North Carolina found Uber Technologies, Inc. (NYSE: UBER) liable for the March 26, 2019 assault of passenger Brianna Mensing, concluding after a four-day bellwether trial that Uber is legally responsible for a driver who grabbed her upper thigh and threatened to take it with him during a ride. The verdict marks the second federal jury this year to hold Uber accountable for the actions of its drivers in the nationwide multi-district litigation (MDL) involving more than 3,000 passenger sexual assault and harassment cases. In February, a federal jury in Arizona returned an $8.5 million verdict in the first bellwether trial.Judge Charles R. Breyer, who oversees the consolidated MDL proceedings, previously ruled that Uber qualifies as a "common carrier" under North Carolina law, meaning it has a heightened, non-delegable duty to provide a safe ride. As a result, jurors in the North Carolina case were instructed to determine whether the assault occurred and to award damages limited to a single 24-hour day. The jury awarded Ms. Mensing $5,000 in damages, consistent with Ms. Mensing's testimony that she sought accountability and an apology from Uber, rather than compensation.The following statement is attributable to Uber MDL co-leads Rachel Abrams (Peiffer Wolf), Sarah London (Girard Sharp), and Roopal Luhana (Chaffin Luhana):"For the second time this year, a federal jury listened to the testimony of a courageous woman taking on Uber, one of the world's most powerful companies, and found her assault claims credible. Most importantly, this verdict is a testament to the bravery of Brianna Mensing and a clear signal that Uber cannot escape responsibility when its drivers assault the passengers who trust it. As Ms. Mensing testified, 'I'm not after anybody's money' – her only motivation was to hold Uber accountable for its driver grabbing her thigh, which was achieved. At trial, Uber sought to undermine the plaintiff's credibility by dragging her personal history into the courtroom and using it to suggest she was not worthy of belief. We would like to thank the jury for seeing it for what it was – a shameful attempt to deflect responsibility."Four additional bellwether trials will proceed in the coming months. The next two federal court trials are scheduled to begin on September 14, 2026, and will be tried consecutively before Judge Breyer in the U.S. District Court for the Northern District of California in San Francisco.Ms. Mensing is represented by Sejal Brahmbhatt and John Boundas (Williams Hart & Boundas LLP), and William Smith (Anapol Weiss) served as co-lead trial counsel. The case was overseen by Rachel B. Abrams (Peiffer Wolf), Sarah R. London (Girard Sharp) and Roopal P. Luhana (Chaffin Luhana), who serve as co-lead counsel of In re: Uber Technologies Inc., Passenger Sexual Assault Litigation (MDL No. 3084).Media Contact: umdl@docketcommunications.com 



View original content:https://www.prnewswire.com/news-releases/federal-jury-once-again-finds-uber-responsible-for-driver-assault-at-second-consecutive-bellwether-trial-awarding-damages-to-north-carolina-plaintiff-302750573.htmlSOURCE Co-lead Plaintiffs' Counsel

Original: Federal Jury Once Again Finds Uber Responsible for Driver Assault at Second Consecutive Bellwether Trial, Awarding Damages to North Carolina Plaintiff

Coco Robotics Launches with Uber Eats in San Jose, Expanding Autonomous Delivery Across the U.S.April 22, 2026 11:00 AM
PR Newswire (US)

The launch brings on-demand robot delivery to San Jose, California — one of the country's leading hubs for technology, food, and innovationCoco will launch with Uber Eats, bringing AV delivery to customers and merchants across the citySAN JOSE, Calif., April 22, 2026 /PRNewswire/ -- Coco Robotics, the world's largest urban robot delivery platform and recently named one of Fast Company's World's Most Innovative Companies in logistics, today announced the expansion of its autonomous delivery service to San Jose in California. The company's robots are now active, giving residents, workers, and businesses in the city's urban core access to fast, zero-emission last-mile delivery on Uber Eats. The launch marks Coco's latest U.S. market expansion as the company scales its fleet toward thousands of robots globally.







"San Jose has always embraced technology, and welcoming Coco Robotics to our downtown reflects that spirit," said San Jose Mayor Matt Mahan. "What I'm most encouraged by is that autonomous deliveries in our city will help restaurants and merchants fulfill more orders efficiently and safely, helping drive stronger business performance and greater customer reach. This innovation supports more sustainable and resilient businesses at the heart of our community. We look forward to the rollout of initial operations and to building a long-term program that enables Coco to grow and scale in San Jose."Downtown San Jose serves as Coco's launch zone for its Bay Area debut - a dense, walkable urban hub with hundreds of restaurants and merchants. As the commercial center of Silicon Valley, it draws tens of thousands of tech, finance, and business workers who rely on fast, on-demand delivery throughout the day. The fleet is purpose-built for this environment, navigating sidewalks to complete quick, reliable, zero-emission deliveries."We've been serving a high volume of takeout orders in downtown San Jose, and demand keeps growing," said Thuy Vu, owner of Thai Chili Express in Downtown San Jose. "Parking is always a challenge in this area, especially during peak hours, so anything that helps us get orders out faster is a big win. We're excited for our guests to have another convenient delivery option through Coco, and we can see how this could help us operate more efficiently during our busiest times. It's also really cool to see this kind of technology showing up in our neighborhood and becoming part of how we serve guests every day.""San Jose is exactly the kind of city Coco was built for," said Zach Rash, Co-Founder and CEO of Coco Robotics. "It has hundreds of restaurants, a world-class food scene, and a downtown full of tech and finance professionals who want great food delivered quickly and reliably. These are busy people who value their time, and Coco gives them a faster, cleaner way to get what they want without leaving their office. It also helps reduce traffic and take pressure off parking in dense urban areas. We're excited to bring that experience to San Jose.""We're thrilled to bring Coco's autonomous delivery robots to San Jose, offering a new and innovative way for customers to enjoy their favorite local spots," said Aaron Emrich, Head of Autonomous Delivery at Uber Eats. "This launch marks another step forward in expanding advanced delivery technology, and we look forward to growing it in partnership with the San Jose community and everyone who uses our platform."The San Jose expansion builds on Coco's proven track record across major U.S. cities including Los Angeles, Chicago, Jersey City, and Miami. The company has completed more than 500,000 zero-emission deliveries to date and operates the industry's largest dataset of sidewalk robot operations, built from millions of miles navigating complex urban environments. That operational intelligence allows Coco's fleet to adapt quickly to new cities and begin delivering at scale from day one.About Coco RoboticsCoco Robotics is the world's largest urban robotics platform, combining autonomous robots, real-world operations data, and advanced AI to power smarter, more efficient city logistics. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries across the U.S. and Europe. The fleet continuously learns from millions of miles of real-world operations, giving Coco instant adaptability to new cities and environments. This data-driven intelligence allows Coco to expand rapidly while maintaining safe, reliable, and efficient operations. Coco's mission is to create more sustainable, reliable, and affordable last-mile logistics solutions in cities around the world. For more information, visit www.cocodelivery.com.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 72 billion trips later across mobility and delivery, 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.



View original content to download multimedia:https://www.prnewswire.com/news-releases/coco-robotics-launches-with-uber-eats-in-san-jose-expanding-autonomous-delivery-across-the-us-302750349.htmlSOURCE Coco Robotics

Original: Coco Robotics Launches with Uber Eats in San Jose, Expanding Autonomous Delivery Across the U.S.

Uber Announces Date of First Quarter 2026 Results Conference CallApril 14, 2026 4:30 PM
Business Wire
Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its first quarter 2026 financial results on Wednesday, May 6th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time).


A live webcast of the conference call and earnings release materials can be found on Uber’s Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days.


Disclosure Information


Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company’s Investor Relations website, in addition to following the company’s press releases, SEC filings, public conference calls, presentations, and webcasts.


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 72 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414089858/en/
Investors and Analysts:

investor@uber.com


Press:

press@uber.com


Original: Uber Announces Date of First Quarter 2026 Results Conference Call

Lucid Shares Jump on $750M Investment and Expanded Uber Robotaxi DealApril 14, 2026 9:36 AM
IH Market News
Lucid Group Inc (NASDAQ:LCID) shares climbed 11% on Tuesday after the electric vehicle maker unveiled $750 million in fresh funding and a significant expansion of its robotaxi partnership with Uber (NYSE:UBER).Ayar Third Investment Company, an affiliate of the Public Investment Fund, has agreed to invest $550 million through the purchase of Lucid’s convertible preferred stock. Uber will contribute an additional $200 million, increasing its total investment in Lucid to $500 million.The companies also broadened their robotaxi agreement to include at least 35,000 Lucid vehicles, an increase from earlier commitments. These vehicles will be built specifically for Uber’s planned global autonomous ride-hailing network and will feature both the Lucid Gravity and Lucid Midsize platforms.This expanded collaboration builds on a partnership first announced in July 2025 between Lucid, Uber, and autonomous driving firm Nuro. On-road autonomous testing began in December 2025, with all test vehicles delivered by February. The partners are targeting a commercial launch of the robotaxi service later this year in the San Francisco Bay Area, initially using the Lucid Gravity.Lucid’s upcoming Midsize platform, expected to start below $50,000, is designed to deliver competitive range with smaller battery packs, while offering enhanced interior space and faster charging capabilities. The company said these attributes make it particularly attractive for fleet operators.“Building on the rapid progress of our collaboration with Lucid Gravity, our Midsize platform will enable autonomous mobility at scale through cost efficiency, manufacturing simplicity, and a technology-forward user experience,” said Marc Winterhoff, Interim CEO at Lucid.Separately, Lucid announced that Silvio Napoli, former Chairman and CEO of Schindler Group, will take over as CEO and join the board. Winterhoff is set to move into the role of Chief Operating Officer once Napoli assumes leadership.Lucid Group stock priceUber Technologies stock price

Original: Lucid Shares Jump on $750M Investment and Expanded Uber Robotaxi Deal

Uber and Alliance for HOPE International Expand "Hope Rides" Program to FloridaApril 13, 2026 3:00 PM
PR Newswire (US)

Program expansion helps survivors access reliable transportation to care and support services nationwide.ST. PETERSBURG, Fla., April 13, 2026 /PRNewswire/ -- Uber Technologies, Inc. (NYSE: UBER) and Alliance for HOPE International today announced the expansion of their Hope Rides program to Florida at CASA Family Justice Center (FJC).  Hope Rides is a national initiative providing Uber rides to survivors of domestic violence, sexual assault, and human trafficking. Building on its 2025 launch, the program will grow from 18 to 30 Family Justice Centers across the United States this year.







Since launching last July, the Hope Rides partnership with Uber has already facilitated more than 21,000 miles of travel.Demonstrating Impact NationwideSince launching in 2025, Hope Rides has provided more than 2,000 rides to survivors across 12 states, helping individuals access the comprehensive, wraparound services offered at Family Justice Centers. Participating centers report that transportation support has reduced missed appointments, increased survivor engagement, and strengthened overall safety planning.Survivors themselves describe the impact:
"Ridesharing services saved my life when no one else could come and get me."
"This is extremely important for survivors to know about. It gives us strength to know that we have a secure way to get the help we so need.""Addressing gender-based violence is core to our approach to safety, and we are focused on building a platform where women feel in control," said Meghan Casserly, Director of Public Policy for Safety at Uber. "Our partnership with Alliance for HOPE has made clear that transportation can be a real barrier to care. For the clients of the Family Justice Center system, Hope Rides helps remove that barrier and connect survivors to support when they need it most."Removing Roadblocks to RecoveryFor many survivors, the path to safety can be blocked by a simple, yet devastating hurdle: the lack of a ride. FJCs are a recognized best-practice model for supporting survivors of domestic violence, sexual assault, human trafficking, and other forms of abuse. By co-locating social services, legal aid, law enforcement, and additional support under one roof, these centers offer comprehensive, trauma-informed care that can be life-saving. Uber's Hope Rides partnership with Alliance for HOPE International aims to ensure that survivors can actually get through the doors of FJCs and begin receiving the support they need."At Family Justice Centers across the country, we see every day how access changes outcomes. When a survivor can safely reach services, everything shifts. Their options expand, their safety increases, and their healing can begin," said Catherine Johnson, President & CEO, Alliance for HOPE International. "The expansion of Hope Rides to Florida represents a powerful investment in survivor-centered solutions and strengthens our shared commitment to building communities of safety, hope, and healing.""Transportation is one of the most significant barriers for survivors seeking safety and support. Through our partnership with Uber, we are removing that barrier and opening the door to life-saving services," said Casey Gwinn, Founder at Alliance for HOPE International. "Hope Rides is more than a ride; it is a critical connection to safety, healing, and hope. This expansion reflects what is possible when innovative partners come together to meet survivors where they are."CASA, which serves as a model for comprehensive survivor support in Florida, has seen firsthand how the inability for survivors to get to a safe place or a support center can severely impact outcomes."Access to transportation can mean the difference between staying in danger and reaching safety. At CASA Family Justice Center, we see every day how critical that first step is," said Lariana Forsythe, Chief Executive Officer at CASA Pinellas and Marion Counties. "Through Hope Rides, survivors in our community will have a safer, more reliable way to access life-saving services, advocacy, and support at Florida's only Family Justice Center. CASA is committed to removing barriers for survivors, and this partnership ensures that no one is left without a path forward."Safety Built into Every JourneyUber is proud to serve as a trusted and reliable community resource that people can count on in moments of crisis. Uber's commitment to helping every rider feel safe is backed by industry-leading safety technology and policies designed to provide peace of mind. Uber has developed specific features to enhance control and security:Women Preferences: Women can request to be matched with women drivers, a feature recently expanded nationwide to give women more choice and comfort.RideCheck: Using GPS and sensors, Uber can detect if a trip goes unusually off-course or if a potential crash occurs, prompting a proactive check-in.Emergency Assistance: A built-in 911 button shares live location and trip details directly with emergency dispatchers.Privacy Protections: The app uses technology to keep phone numbers private and conceals specific pickup and drop-off addresses in a driver's trip history after the journey ends.To learn more about our safety initiatives, visit uber.com/safety.About UberUber'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 61 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 new possibilities.About Alliance for HOPE InternationalAlliance for Hope International's mission is creating communities of safety, hope, and healing. We focus on creating innovative, collaborative, trauma-informed, hope-centered approaches to supporting survivors and their children. Our mission is to create pathways to hope through collaborative, integrated multi-disciplinary centers, teams, and initiatives in order to break the generational cycle of violence and abuse in families across the United States and around the world.About CASA Challenging the Societal Acceptance of all Forms of Domestic Violence, CASA Stands up to Silence through Advocacy, Prevention, Intervention, and Support Services.Uber Press Contact: press@uber.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/uber-and-alliance-for-hope-international-expand-hope-rides-program-to-florida-302740182.htmlSOURCE Uber

Original: Uber and Alliance for HOPE International Expand "Hope Rides" Program to Florida

Uber expands AWS infrastructure to boost ride-matching and delivery efficiencyApril 7, 2026 9:48 AM
IH Market News
Uber Technologies Inc. (NYSE:UBER) said it is increasing its use of Amazon Web Services (AWS) infrastructure to improve the performance of its ride-hailing and delivery platforms. The company is rolling out AWS Graviton4 computing instances to power more of its Trip Serving Zones, the system that processes ride and delivery requests in real time.Trip Serving Zones are responsible for analyzing large volumes of location data and predictions within milliseconds to match passengers with drivers and coordinate deliveries. Uber said the adoption of AWS Graviton4 processors will help lower energy consumption while allowing the system to scale more efficiently during periods of high demand.“Uber operates at a scale where milliseconds matter,” said Kamran Zargahi, vice president of engineering at Uber. “Moving more Trip Serving workloads to AWS gives us the flexibility to match riders and drivers faster and handle delivery demand spikes without disruption.”The company has also started pilot programs using AWS Trainium3 chips to train artificial intelligence models that analyze ride and delivery data. These AI models support functions such as driver assignment, estimated arrival calculations and delivery recommendations for users.“By starting to pilot some of our AI models on Trainium, we’re building a technology foundation that will make every Uber experience smarter,” Zargahi said.Rich Geraffo, vice president and managing director of North America at AWS, said the collaboration helps support Uber’s large-scale operations while laying the groundwork for new AI-driven features in its mobility and delivery services.Uber Technologies stock price

Original: Uber expands AWS infrastructure to boost ride-matching and delivery efficiency

Uber Technologies $UBER
Uber is being valued like a stable, high-margin platform, but it’s still a low-margin, highly regulated transportation service. Insurance costs, driver incentives, and regulatory threats can crush profitability at any moment. Delivery growth is slowing, and competition remains fierce. The stock is priced for tech-company margins it will never achieve.

Uber evaluating possible purchase of controlling interest in Kakao Mobility – reportApril 1, 2026 9:59 AM
IH Market News
Uber (NYSE:UBER) is reportedly assessing the possibility of acquiring a controlling stake in Kakao Mobility, according to a report by Seoul Economic Daily.The ride-hailing giant has recently communicated its interest in purchasing shares from major investors in Kakao Mobility and has begun conducting due diligence as part of the evaluation process, the report said.Uber is said to be targeting a stake exceeding 50% in the company. This potential acquisition could include the 28% holding controlled by a consortium led by TPG, a 6.17% stake owned by Carlyle, as well as part of the shares currently held by Kakao Corp.Kakao Mobility is currently estimated to carry a valuation of roughly 5.5 trillion Korean won, according to the report.Uber Technologies stock price

Original: Uber evaluating possible purchase of controlling interest in Kakao Mobility – report

Pony AI shares climb after earnings beat and strong robotaxi growthMarch 26, 2026 6:37 AM
IH Market News
Pony AI Inc. (NASDAQ:PONY) reported fourth-quarter results on Thursday that topped analyst forecasts, posting adjusted earnings per share of $0.12 and revenue of $29.1 million. The company also unveiled a strategic agreement to introduce what it described as the first commercial robotaxi service in Europe, with operations set to begin soon in Zagreb.Shares of the autonomous driving company rose 2.81% in pre-market trading following the release, supported by the earnings beat, strong growth in robotaxi-related revenue and the newly announced partnership with Uber Technologies (NYSE:UBER).Revenue from robotaxi services surged 160% year over year to $6.7 million during the quarter, while fare-based revenue jumped more than 500% compared with the same period last year. Overall revenue declined 18% to $29.1 million from $35.5 million in the year-earlier quarter, largely due to the timing of project-based revenue recognition within the licensing and applications segment, where revenue fell 53% to $9.4 million. Robotruck services revenue edged up 1.2% to $13.1 million.“2025 marked an amazing year for Pony.ai,” said Dr. James Peng, Chairman and CEO. “We realized scaling-up in top-line, Robotaxi fleet size, operational footprint and user base, while validating our business model by achieving unit economics breakeven in multiple tier-one cities in China.”The company said it reached consecutive unit economics breakeven in Guangzhou and Shenzhen within four months of launching its Gen-7 robotaxi platform. On March 22, 2026, daily net revenue per Gen-7 vehicle hit a record RMB394, supported by around 25 rides per vehicle in Shenzhen.Pony AI’s fleet expanded to more than 1,400 vehicles as of March 25, 2026, and the company aims to grow that number to over 3,000 units by the end of 2026. Operations have recently expanded to Croatia, Hangzhou and Changsha, with the firm targeting deployments in more than 20 cities worldwide by the end of the year.Adjusted net loss widened to $49 million from $41.3 million in the same quarter last year, reflecting increased upfront investments aimed at accelerating commercialization. Cash and cash equivalents stood at $1.5 billion as of December 31, 2025.Pony AI stock price

Original: Pony AI shares climb after earnings beat and strong robotaxi growth

Verne, Pony.ai, and Uber Partner to Launch Europe’s First Commercial Robotaxi ServiceMarch 26, 2026 4:15 AM
Business Wire

The partnership will soon begin in Zagreb, before expanding to additional cities in Europe and beyond



 


Verne, 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. (NYSE: UBER), today announced a strategic partnership to launch the first commercial robotaxi service in Europe, beginning in Zagreb soon, with initial deployment work already underway, including public-road validation.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260326938590/en/Uber, Pony.ai, and Verne partner to launch Europe’s first commercial Robotaxi service, beginning soon in Zagreb
The three companies plan to collaborate on the deployment of a commercial robotaxi service, combining Pony.ai’s autonomous driving system, Uber’s global mobility platform, and Verne’s service ecosystem and operational framework. Under this model, Pony.ai will provide its autonomous driving solution; Verne will act as fleet owner and service operator; and Uber will integrate the service into its global ride-hailing network, complementing Verne’s own customer-facing platform. Together, the companies aim to build a scalable path toward commercial robotaxi services in Zagreb and, over time, potentially into additional European cities and other markets, with plans to scale to a fleet of thousands of robotaxis over the next few years.


As part of this collaboration, the companies have already begun on-road testing in Croatia’s capital, Zagreb, using Pony.ai’s Gen-7 autonomous driving system, deployed on the Arcfox Alpha T5 Robotaxi. With preparations for fare-charging services underway, Zagreb is emerging as the first market for commercial robotaxi service in Europe.


Verne will lead the process of ensuring market readiness and obtaining European regulatory approval for these launches, while coordinating the deployment of Pony.ai’s robotaxis across both Verne and Uber’s networks. This approach ensures consistent performance, safety, and experience, and establishes a scalable framework for expansion into additional markets. As part of the partnership, Uber intends to invest in Verne and support future expansion as a strategic partner.


“Partnering with Uber and Verne represents an important milestone as we continue to expand autonomous mobility globally,” said Dr. James Peng, Founder and CEO of Pony.ai. “In China, our Gen-7 has achieved meaningful commercial scale, including unit economics breakeven in Guangzhou and Shenzhen, demonstrating the readiness of our technology and business model. By leveraging this experience, we are well-positioned to accelerate commercialization internationally, combining our technology with Uber’s global platform and Verne’s role in enabling multi-market deployment, to build a scalable and sustainable autonomous mobility ecosystem.”


“Europe needs autonomous mobility that can move from testing to a real service,” said Marko Pejkovic, CEO of Verne. “At Verne, we are bringing together the technology, platform, and operational capabilities required to make this a reality, starting in Zagreb before expanding to new markets.”


“Through a strong ecosystem of partnerships, autonomous mobility can both scale globally and more effectively,” said Dara Khosrowshahi, CEO of Uber. “By bringing together Pony.ai’s proven autonomous driving technology, Verne’s operational and market expertise, and Uber’s global platform, we’re taking an important step toward making autonomous ride-hailing available to more riders in more places.”


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, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology.


About Verne


We are named after Jules Verne, who imagined journeys enabled by technologies long before they existed. Verne is building the operational layer for autonomous mobility in Europe and beyond. Since 2019, we’ve worked on deploying autonomous ride hailing in complex urban environments through operations, integration, and regulatory enablement, making it part of everyday life. At the core, we design how it works and how it feels, keeping the human in mind.


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 72 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260326938590/en/
Pony.ai: media@pony.ai

Verne: media@verne.team

Uber: press@uber.com


Original: Verne, Pony.ai, and Uber Partner to Launch Europe’s First Commercial Robotaxi Service

Uber Joins the Ibotta Performance Network in Exclusive, Multi-Year PartnershipMarch 25, 2026 8:15 AM
Business Wire
Ibotta Performance Network now spans the industry’s leading third-party grocery delivery providers, further solidifying its position as North America’s definitive platform for CPG promotions


Ibotta, Inc. (NYSE: IBTA), the performance marketing platform for promotions, today announced a partnership with Uber Technologies, Inc. (NYSE: UBER) to deliver Ibotta-powered digital promotions across Uber’s grocery and retail ecosystem in the United States. This partnership strengthens the Ibotta Performance Network’s existing marketplace presence and gives CPG brands a direct path to shoppers at the final stage of the funnel — the point of purchase. The announcement marks the first time Uber has entered into a multi-year exclusive agreement with a national digital promotions provider and further establishes Ibotta’s unrivaled footprint across the third-party grocery delivery landscape.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260325766216/en/Uber joins the Ibotta Performance Network in exclusive, multi-year partnership
“Ibotta’s exclusive partnership with Uber makes it easier for brands to connect with consumers in a competitive marketplace,” said Bryan Leach, founder and CEO of Ibotta. “By putting offers directly into the Uber ecosystem, we are placing high-value savings in the palms of millions. Our partners now have a front-row seat to where their customers shop, ride, and eat – allowing them to influence the sale right when the customer is ready to buy.”


Through the Ibotta Performance Network, Uber users in the U.S. will benefit from promotions and coupons for everyday grocery and retail items, home care, personal care, and more. Ibotta offers will debut within the Uber Eats app initially, with plans to expand across grocery and retail items within the Uber and Postmates apps later this year. Uber has made significant investments in its grocery and retail delivery business, with year-over-year growth accelerating in Q4 2025, led by strong retail moments in the U.S. Since the start of 2025, Uber Eats has expanded its footprint with major retailers including Albertsons, Aldi, Kroger, Wegmans, and more.


“This collaboration with Ibotta marks a significant step in Uber’s commitment to delivering value across every category – from rides to retail,” said Hashim Amin, North American Head of Grocery and Retail at Uber. “By joining the industry-leading Ibotta Performance Network, we are making it easier than ever for consumers to access savings from their favorite brands, while directly connecting CPG brands to their target audience. It’s about going beyond convenience to make the entire Uber ecosystem as rewarding as it is essential.”


"Ibotta brings a best-in-class, performance-driven promotions network that connects brands to real retail outcomes at scale," said Kristi Argyilan, Global Head of Uber Advertising. "Combined with Uber Advertising's suite of full-funnel solutions, CPG brands can deliver the most relevant savings and offers to consumers throughout their entire journey, from consideration to decision and point of purchase. This partnership closes the loop between inspiration and transaction, ensuring our partners are in a position to drive results." ??


For more information and to learn more about how Ibotta is building the first performance marketing platform for CPGs, visit Ibotta.com.


About Ibotta ("I bought a...")


Ibotta (NYSE: IBTA) is the leading provider of digital promotions for CPG brands, reaching over 200 million consumers through a network of publishers called the Ibotta Performance Network (IPN). The IPN allows marketers to influence what people buy, and where and how often they shop – all while paying only when their campaigns directly result in a sale. American shoppers have earned over $2.7 billion through the IPN since 2012. Ibotta is headquartered in Denver and has been listed as a top place to work by The Denver Post and Inc. Magazine.


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 72 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260325766216/en/
Media contacts

Ibotta, Inc.

Corporate Communications

Hilary O’Byrne, hilary.obyrne@ibotta.com


Uber

press@uber.com


Original: Uber Joins the Ibotta Performance Network in Exclusive, Multi-Year Partnership

Uber shares rise after partnership with Nvidia for robotaxi expansionMarch 17, 2026 7:31 AM
IH Market News
Uber Technologies (NYSE:UBER) shares gained around 2% in premarket trading Tuesday after the company revealed a new collaboration with Nvidia (NASDAQ:NVDA) to launch robotaxis powered by the chipmaker’s autonomous driving technology, with initial deployments planned for Los Angeles and San Francisco in 2027.The two companies said the autonomous ride-hailing service is expected to expand to 28 cities worldwide by 2028, representing a significant step in Uber’s strategy to scale driverless mobility.The robotaxis will operate using Nvidia’s DRIVE Hyperion platform together with Alpamayo, a reasoning-based artificial intelligence model designed to handle complex driving scenarios.The rollout will begin with vehicles collecting real-world driving data to train the system for city-specific conditions. This will be followed by deployments overseen by operators before eventually transitioning to fully autonomous Level 4 driverless services.Uber said the collaboration forms part of its broader plan to develop a “multi-player” autonomous ecosystem on its platform, enabling multiple technology developers and automakers to provide robotaxi services instead of relying solely on Uber’s internal technology.The agreement comes as competition intensifies in the autonomous ride-hailing market, with companies racing to bring driverless transport services to commercial scale. Alphabet’s Waymo remains the most advanced operator, already offering fully driverless rides in cities such as Phoenix, San Francisco and Los Angeles.Tesla, meanwhile, is pursuing a camera-based approach to self-driving technology and aims to introduce its own robotaxi network while leveraging its large-scale manufacturing capabilities.Uber has also recently partnered with Lucid Group and autonomous driving startup Nuro to introduce robotaxis on its platform, using Lucid vehicles equipped with Nuro’s autonomous driving systems.Lucid said it expects to begin commercial deployment of a robotaxi built on its Gravity SUV later this year as part of that collaboration. While developing autonomous technology remains expensive, companies view robotaxis as a potentially high-margin business once operations can be scaled successfully.Uber Technologies stock priceNvidia stock price

Original: Uber shares rise after partnership with Nvidia for robotaxi expansion

Uber and Motional Launch Robotaxi Service in Las VegasMarch 13, 2026 8:00 AM
Business Wire
Starting today, Uber Technologies, Inc. (NYSE: UBER) and Motional, a leader in autonomous vehicle technology that is majority owned by Hyundai Motor Group, announced that Uber riders in Las Vegas can now be matched with an all-electric Motional IONIQ 5 robotaxi — unlocking an exciting new way to hit the jackpot on the Strip.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260313258110/en/Uber riders in Las Vegas can now be matched with an all-electric Motional IONIQ 5 robotaxi
At launch, the service will be available at designated locations along Las Vegas Boulevard, including rideshare zones at the Resorts World Las Vegas and Encore at the Wynn Las Vegas — plus Westgate Las Vegas Resort & Casino and curbside in Downtown Las Vegas and throughout the Town Square shopping district near the airport — with plans to expand the operating area in the future.


Here’s what riders can expect when matched with a Motional robotaxi on Uber:



Request a ride: Riders who request an UberX, Uber Electric, Uber Comfort, or Uber Comfort Electric may be matched with a Motional robotaxi — at no additional cost. If matched, riders will receive a notification each time and will always have the option to accept or switch to a non-AV ride.



Start the ride: Once the Motional robotaxi arrives, riders can unlock the vehicle and start the trip — all from the familiar Uber app. And, once inside the vehicle, they’ll be welcomed by audio cues reminding them to close the doors and fasten their seat belts.



Ride preferences: Uber customers in Las Vegas — residents and visitors alike — who are excited about riding in a robotaxi can boost their chances of getting matched by opting in to the Ride Preferences section of their Uber app under Settings.



Ride support: Uber and Motional both put safety at the center of operations, and Motional’s robotaxis meet all of Uber’s Autonomous Safety Guidelines. If assistance is needed at any time during a trip, riders will have access to human support — available in the Uber app.



“We’re excited to take the next step with Motional as we launch autonomous rides in Las Vegas,” said Sarfraz Maredia, President of Autonomous Mobility & Delivery at Uber. “This milestone reflects our shared commitment to introduce autonomous vehicles in a way that prioritizes safety, increases reliability, and expands access to more ride options for our customers.”


Custom-designed for ride hail, and engineered for reliable and durable driverless operations, the IONIQ 5 robotaxi was created through the partnership between Motional and Hyundai Motor Group. It is one of the first SAE Level 4-capable AVs to be certified under the U.S. Federal Motor Vehicle Safety Standards (FMVSS).


Initially, Motional robotaxis will feature a vehicle operator monitoring the road ahead from behind the steering wheel. A fully driverless service — with no human operator in the vehicle — is expected to begin by the end of this year.


“Motional is ready to put our extensive ride hail experience to work with Uber again,” said David Carroll, vice president of commercialization at Motional. “With our AI-first autonomous driving system, we’re able to seamlessly navigate hundreds of in-demand pick up and drop off locations where Uber riders want and expect to be able to go, whether that’s major hotel casinos on the Strip, shopping in Town Square or exploring downtown Las Vegas.”


Motional and Uber established a 10-year framework agreement in 2022 that set a partnership in motion for effective scaling and broad adoption of AVs by pairing Motional’s advanced driverless technology with Uber’s network of millions of customers. This agreement followed a successful pilot program with Uber Eats for delivery service in Los Angeles in early 2022, and then led to a ride hailing pilot in Las Vegas in late 2022.


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 72 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 Motional:


Motional is an autonomous vehicle technology company on a mission to make autonomous vehicles a safe, reliable, and accessible reality. The company formed in 2020 as is majority-owned by Hyundai Motor Group, one of the world’s largest vehicle manufacturers. The company has extensive experience in commercial robotaxi operations, having conducted over 130,000 autonomous rides through its early commercial pilot programs. Headquartered in Boston, Motional has operations in the U.S and Asia. For more information, visit www.motional.com and follow the company on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260313258110/en/
Uber: press@uber.com

Motional: press@motional.com


Original: Uber and Motional Launch Robotaxi Service in Las Vegas

Wayve, Uber and Nissan Announce Collaboration on RobotaxisMarch 11, 2026 9:00 PM
Business Wire

Uber’s first autonomous vehicle partnership for Japan, in collaboration with Wayve as the AI technology partner and Nissan as the automaker partner



Part of Wayve and Uber’s planned global robotaxi rollout across 10+ cities, including London



Robotaxi pilot in Tokyo planned for late 2026 subject to discussions with relevant authorities



Wayve, Uber and Nissan today announced the signing of a memorandum of understanding to collaborate on the development of robotaxis and commence activities to realize the deployment of robotaxi services. The parties will begin preparations for a pilot deployment in Tokyo by late 2026, introducing the Nissan LEAF powered by the Wayve AI Driver, available to riders through Uber.


This marks Uber’s first autonomous vehicle partnership in Japan and the next milestone in Wayve and Uber’s global robotaxi rollout, which includes planned services across more than ten cities worldwide, including London.


Under this scheme, the goal is to integrate Wayve’s end-to-end AI autonomous driving system into Nissan’s base vehicle, which can accommodate the Wayve AI Driver and connect to Uber’s ride hailing platform, matching robotaxis with individuals seeking transportation.


During the initial phase, the vehicles will operate on the Uber network with a trained safety operator in the car, allowing riders to experience a robotaxi service as part of their everyday journeys.


Wayve, Uber and Nissan aim to deploy their state of the art, safe and reliable robotaxi service in Tokyo, one of the world’s most challenging markets with its dense traffic patterns, complex road layouts and high safety standards.


The Wayve AI Driver is designed to learn from real-world data and generalize across new roads and cities without the use of an HD map. This enables rapid expansion into global markets and supports deployment in dynamic urban environments like Tokyo.


Alex Kendall, Cofounder & CEO, Wayve, said:


“Tokyo represents an important step forward in bringing embodied intelligence to one of the world’s most sophisticated mobility markets. We have been testing our technology throughout Japan since early 2025, building extensive experience in the country’s unique road environments. Partnering with Uber and Nissan to begin pilot deployment of Robotaxi allows us to introduce this technology in a responsible way, while continuing to learn and expand.”


Ivan Espinosa, President and CEO, Nissan Motor Co., Ltd., said:


“Nissan is proud to collaborate in this next chapter of mobility innovation. Our work with Wayve to integrate advanced AI technology across our consumer vehicle portfolio has laid strong foundations, and we are excited to take this partnership further with a pilot deployment of Robotaxi in Tokyo, bringing together Wayve’s AI technology, Uber’s network, and Nissan vehicles. Nissan’s vision is to bring mobility intelligence to everyday life, and we believe this initiative reflects how we translate that ambition into real-world applications.”


Dara Khosrowshahi, CEO, Uber, said:


“Autonomous mobility is becoming an increasingly important part of the Uber platform. We are excited to expand our collaboration with Wayve and to work with Nissan to bring robotaxi services to Tokyo. Following our planned pilot deployment in London, we look forward to expanding into Tokyo and introducing new, modern ways to travel in some of the world’s largest cities. It also reflects our long-term commitment to Japan, a critical market where innovation can help address driver shortages and support the future of urban transportation. Our goal is to give riders more ways to move with seamless access through the Uber app.”


Uber intends to launch the service through a licensed taxi partner in Japan, working in close alignment with relevant authorities, and is currently in the process of selecting its partners.


As part of the announcement, the companies are providing a first look at the Robotaxi prototype based on the Nissan LEAF.


The announcement reinforces a shared ambition to scale safe, intelligent autonomous mobility globally, by combining Wayve's AI technology, Nissan’s cutting-edge vehicles and Uber’s network, the partners aim to bring autonomous mobility to more cities.


About Wayve


Founded in 2017, Wayve is a global leader in Embodied AI for autonomous driving. The company is building AI driving software that enables vehicles to perceive, reason, and drive in complex real world environments. Its end to end AI foundation models are trained on vast amounts of driving data and designed to generalize across cities, vehicle platforms, and use cases, enabling deployment in any vehicle, in any market.


Wayve partners with leading automakers and mobility platforms to power advanced driver assistance and automated driving systems, advancing the progression toward fully autonomous mobility. Wayve’s mission is to reimagine mobility with embodied intelligence. Learn more at www.wayve.ai.


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 72 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 Nissan


For more information about Nissan's products, services and commitment to sustainable mobility, visit nissan-global.com. You can also follow us on Facebook, Instagram, X and LinkedIn and see all our latest videos on YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311758923/en/
Wayve: media@wayve.ai

Uber: press@uber.com

Nissan: nissan_japan_communications@mail.nissan.co.jp


Original: Wayve, Uber and Nissan Announce Collaboration on Robotaxis

Uber shares rise after partnership with Zoox to deploy robotaxisMarch 11, 2026 12:05 PM
IH Market News
Uber Technologies Inc. (NYSE:UBER) gained about 3.75% Wednesday morning after announcing a strategic collaboration with Zoox to introduce robotaxis on the Uber platform in Las Vegas and Los Angeles.The rollout is expected to begin in Las Vegas this summer, with service planned to expand to Los Angeles in mid-2027. Riders using the Uber app will be able to request Zoox autonomous vehicles on eligible trips. Zoox will also continue operating its own ride-hailing app alongside the Uber integration in both cities.Zoox robotaxis are purpose-built vehicles designed specifically for ride-hailing services rather than modified passenger cars. The agreement marks the first time Zoox has partnered with an external platform. The company operates as an independent subsidiary of Amazon.“The Zoox robotaxi is unlike any other vehicle on the planet – it was purpose-built from the ground up to deliver an extraordinary experience,” said Dara Khosrowshahi. “Zoox’s commitment to safety and their advanced autonomous driving technology make them an ideal partner.”Aicha Evans added that the collaboration represents “an opportunity to continue advancing the use of autonomous mobility in daily life.”The partnership strengthens Uber’s push into autonomous mobility as the ride-hailing industry continues investing in self-driving technology. Zoox, headquartered in Foster City, California, focuses on developing fully autonomous ride-hailing services.Uber Technologies stock price

Original: Uber shares rise after partnership with Zoox to deploy robotaxis

Serve Robotics shares jump after partnership with White Castle for robot deliveriesMarch 11, 2026 9:58 AM
IH Market News
Serve Robotics Inc. (NASDAQ:SERV) surged about 12% on Wednesday after announcing a new partnership with White Castle to deliver food orders using autonomous robots through the Uber Eats service.Customers ordering White Castle meals within Serve’s delivery coverage area will now be able to receive their orders via the company’s autonomous sidewalk robots. The agreement further expands Serve’s robotic delivery network on Uber Eats (NYSE:UBER), which already operates robot delivery services in cities including Los Angeles, Miami, Dallas–Fort Worth, Atlanta, Chicago, Fort Lauderdale and Alexandria, Virginia.Serve’s third-generation delivery robots are built to transport temperature-sensitive food items, ensuring menu options such as White Castle’s sliders, Chicken Rings, Mozzarella Sticks, Crinkle-Cut Fries and Crave Cases maintain their quality during transit.“White Castle is a legendary brand that helped define convenient, fast meals, and we’re thrilled to bring that legacy into the future,” said Ali Kashani, CEO of Serve Robotics.Chris Shaffery, Senior Vice President of Restaurant Operations at White Castle, said the collaboration offers “an exciting new way to combine convenience, technology, and great taste together, while allowing Cravers to enjoy their favorite items in a fun and sustainable way.”The robotic delivery option is now available through Uber Eats for customers located within Serve’s current operating zones, with plans to expand the service to additional U.S. cities in the future.Serve Robotics stock price

Original: Serve Robotics shares jump after partnership with White Castle for robot deliveries

Zoox and Uber Announce Strategic PartnershipMarch 11, 2026 8:00 AM
Business Wire
Zoox robotaxis to be deployed on the Uber network in Las Vegas starting this summer and in Los Angeles in 2027


Zoox and Uber Technologies, Inc. (NYSE: UBER) today announced a strategic partnership to deploy Zoox purpose-built robotaxis on Uber.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260311226885/en/Zoox robotaxis to be deployed on the Uber network in Las Vegas starting this summer and in Los Angeles in 2027
The partnership is planned to launch in Las Vegas this summer and in Los Angeles by mid-2027. The Zoox robotaxis will be available through the Uber app. After launch, Uber riders will have the opportunity to be matched with a Zoox robotaxi on eligible trips. Zoox will continue to offer its service through the Zoox app in both Las Vegas and Los Angeles, in addition to offering rides through Uber.


Zoox robotaxis are unique in that they are not retrofitted passenger cars. Instead, they are built specifically for ride-hailing and designed for comfort, conversation, and connection with friends and family. This is the first time Zoox is partnering with a third-party platform like Uber.


“We are excited to partner with Uber, a company that shares our vision for transforming mobility,” said Aicha Evans, CEO of Zoox. “This partnership is an opportunity to continue advancing the use of autonomous mobility in daily life. Through our collaboration, Zoox will provide a differentiated rider experience to those who already know and love the convenience of riding with Uber."


“The Zoox robotaxi is unlike any other vehicle on the planet – it was purpose-built from the ground up to deliver an extraordinary experience,” said Dara Khosrowshahi, CEO of Uber. “Zoox’s commitment to safety and their advanced autonomous driving technology make them an ideal partner. We’re thrilled to work together to introduce more riders to the future of mobility.”


About Zoox


Based in Foster City, CA, Zoox is reinventing personal transportation–building a safer, cleaner, and more enjoyable future on the road. At the core of its vision is a purpose-built robotaxi that offers the world a better way to ride. Through a combination of cutting-edge technology and a focus on the rider experience, Zoox is transforming urban mobility with its comprehensive and cohesive autonomous ride-hailing service. Zoox is an independent subsidiary of Amazon.com, Inc.


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 72 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311226885/en/
Press Contacts


Zoox: press@zoox.com


Uber: press@uber.com


Original: Zoox and Uber Announce Strategic Partnership

Joby Aviation shares surge after Uber launches Dubai air taxi booking serviceFebruary 25, 2026 11:18 AM
IH Market News
Joby Aviation (NYSE:JOBY) shares jumped 7.5% on Wednesday after the company partnered with Uber (NYSE:UBER) to introduce a new air taxi booking option in Dubai, marking a key milestone in the rollout of commercial urban air mobility services.The newly launched offering, branded Uber Air powered by Joby, enables customers to reserve flights on Joby’s all-electric air taxis directly through the Uber app. The company expects to begin carrying passengers in Dubai later this year.Users can access the service by entering their destination in the Uber app. When eligible, the Uber Air powered by Joby option will appear alongside traditional ride choices, allowing passengers to book a fully integrated journey that includes Uber Black ground transportation for pickup and drop-off.Joby’s aircraft is designed to carry up to four passengers alongside a certified commercial pilot. The electric air taxi features six tilting propellers that allow vertical takeoff and landing before transitioning into forward flight, reaching speeds of up to 200 mph with a range of approximately 100 miles per charge.In the United States, commercial deployment will require full certification from the Federal Aviation Administration. Joby said it has already completed more than 50,000 miles of flight testing and has entered the final phase of the certification process.The collaboration builds on a long-standing partnership between Joby and Uber that began in 2019. Joby acquired Uber’s Elevate division in 2021, and the companies last year outlined plans to integrate Blade’s helicopter services into the Uber platform in 2026 following Joby’s purchase of Blade’s passenger operations. The partners ultimately aim to expand electric air taxi services into major markets including New York, Los Angeles, the United Kingdom, and Japan.Joby Aviation stock price

Original: Joby Aviation shares surge after Uber launches Dubai air taxi booking service

Life360 and Uber Announce New Integration to Help Families Stay Connected on Every TripFebruary 17, 2026 1:00 PM
PR Newswire (US)

The collaboration signals Uber's continued investment in Life360 Ad SolutionsSAN FRANCISCO, Feb. 17, 2026 /PRNewswire/ -- Uber Technologies, Inc. (NYSE: UBER) and Life360 (Nasdaq: LIF; ASX: 360), global leaders in transportation and family safety, today announced the expansion of their strategic partnership to help families navigate everyday transportation with greater ease, visibility, and confidence.







The first-of-its-kind integration will allow users across Life360 and Uber to link their accounts – including Uber teen accounts, making it easier for parents and teens to coordinate rides, stay informed in real time, and move through their day with added peace of mind. Building on a successful collaboration that already helps families navigate everyday moments, such as timely Uber ride reminders when members land at airports, the next phase brings Uber more deeply into the Life360 experience.Over the coming months, the companies will deliver an integrated experience with real-time trip tracking, ride booking, membership benefits, and more to Life360 and Uber users. The collaboration aims to serve the evolving trust, coordination, and mobility needs of modern families and their teens."Families today are juggling more than ever, and coordinating transportation shouldn't be another source of stress," said Margarita Peker, Global Head of Family Verticals at Uber. "By linking Uber accounts with Life360, we're creating a one-stop experience where families can stay informed when loved ones are on the move – especially parents of teens as they coordinate rides and track trips to school, activities, and more.""Life360 exists to make everyday family life better," said Lauren Antonoff, Chief Executive Officer at Life360. "That means showing up with real value in the moments when coordination and safety matter most. Uber has been a thoughtful partner in those moments, and this expanded partnership helps families access trusted services in ways that are seamless, practical, and genuinely useful."The new integration will be available later this year as part of the companies' renewed partnership and will evolve over time as Uber and Life360 collaborate to meet the changing needs of today's families.Since launching in 2023, Uber teen accounts have completed tens of millions of trips across more than 50 countries worldwide. Parents can invite their teen (ages 13-17) to create a specialized account that allows teens to request their own rides and order food with parental supervision and key safety features – like trip tracking and real-time notifications for parents - built into the experience. Only highly-rated and experienced drivers who have undergone a multi-step safety screening, including a Motor Vehicle Record and criminal background check, are able to receive trip and delivery requests from teen account holders.Life360's partnership with Uber reflects the company's continued evolution as a family super app, bringing trusted experiences into one place. Designed to work across iOS and Android, this approach supports more seamless coordination between families and the services they rely on, helping them navigate everyday life with less friction while staying connected along the way.About Life360
Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app, Tile tracking devices, and Pet GPS tracker empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. As a remote-first company based in the San Francisco Bay Area, Life360 serves approximately 95.8 million monthly active users (MAU), as of December 31, 2025, across more than 180 countries. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small. For more information, please visit life360.com.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 61 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 new possibilities.Uber Press Contact: press@uber.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/life360-and-uber-announce-new-integration-to-help-families-stay-connected-on-every-trip-302689769.htmlSOURCE Uber

Original: Life360 and Uber Announce New Integration to Help Families Stay Connected on Every Trip

Baidu and Uber Partner to Bring Apollo Go Autonomous Ride-hailing to Dubai in Collaboration with Dubai’s Roads and Transport AuthorityFebruary 10, 2026 7:57 AM
Business Wire
Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) and Uber Technologies, Inc. (NYSE: UBER), in partnership with Dubai’s Roads and Transport Authority (RTA), today announced the next phase of their global partnership, bringing the Apollo Go autonomous ride-hailing service to the Uber platform in Dubai.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260210608046/en/Baidu and Uber Partner to Bring Apollo Go Autonomous Ride-hailing to Dubai
Expected to launch in the coming month, the fully autonomous vehicles will be available via the Uber app across select locations within the Jumeirah area, and the deployment will expand based on operational learnings and regulatory approvals across the city.


This collaboration also aligns directly with Dubai’s ambitious goal of having 25% of all transportation trips be autonomous by 2030.


For trips within the service area, passengers will have the opportunity to be matched with an Apollo Go vehicle when booking an Uber Comfort or UberX, or by selecting the “Autonomous” option in the Uber app. Fleet management will be handled by third-party operator New Horizon.


“Bringing Apollo Go to Dubai via the Uber platform marks a pivotal step in our mission to provide safe, efficient, and accessible autonomous mobility worldwide,” said Nan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group. “As a key deliverable of the strategic partnership between Apollo Go and Uber announced last July, this deployment officially brings our autonomous ride-hailing service to Dubai, utilizing Uber’s vast network to turn our shared vision into reality.”


“We’re excited to partner with Baidu as we continue to grow our autonomous footprint across Dubai. Just as we helped millions of people try out EVs for the first time, we will expand consumer access to autonomous technology in major cities around the world,” said Sarfraz Maredia, Global Head of Autonomous at Uber. “With more than 20 AV partners already completing millions of autonomous trips annually, Uber is the global platform where the autonomous vehicle industry can launch at scale.”


This announcement comes on the heels of another market expansion last December, when the parties announced plans to bring the autonomous ride-hailing service to London, a right-hand drive market, as well as the inauguration of Apollo Go Park in Dubai in January, its first overseas operations and management hub.


As a leading autonomous ride-hailing service provider globally, Apollo Go has logged more than 240 million autonomous kilometers, of which over 140 million kilometers were completed in fully driverless mode. With a global footprint across 22 cities, Apollo Go's weekly ride count has recently surpassed 250,000, and the service has completed more than 17 million cumulative rides as of October 31, 2025.


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.


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 72 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260210608046/en/
Media Contacts

Baidu

intlcomm@baidu.com
Uber

press@uber.com


Original: Baidu and Uber Partner to Bring Apollo Go Autonomous Ride-hailing to Dubai in Collaboration with Dubai’s Roads and Transport Authority

Uber Doubles Down on Türkiye with Agreement to Acquire Getir’s Delivery BusinessFebruary 9, 2026 6:00 AM
Business Wire
Agreement with Mubadala reinforces Uber’s continued investment in Türkiye and marks the next phase in Getir’s growth journey


Uber Technologies, Inc. (NYSE: UBER) and Mubadala Investment Company today announced an agreement for Uber to acquire Getir’s delivery portfolio in Türkiye, including food, grocery, retail, and water delivery, subject to regulatory approval and other closing conditions.


This deal represents another milestone in Uber’s continued investment in Türkiye, bringing together Getir and Trendyol Go delivery into the Uber family and further reinforcing Uber’s commitment to Türkiye.


Following the closing of the deal, Uber plans to combine the unique strengths of Getir and Trendyol Go, increasing selection for consumers, supporting more delivery opportunities for couriers, and driving increased demand to restaurants and retailers across Türkiye. Getir consumers will continue to access delivery services through the Getir Super App, but with the benefit of more restaurants from Trendyol Go. Additionally, Trendyol Go customers will be able to access Getir’s grocery offerings directly through the Trendyol Go app.


“With a thriving digital economy and a dynamic consumer base, Uber is committed to investing in Türkiye for the long term,” said Dara Khosrowshahi, CEO of Uber. “By bringing together these leading platforms, we aim to support the continued growth of a vibrant and competitive ecosystem, that delivers even more value for consumers, couriers, and merchants.’’


“Mubadala has been a committed partner to Getir, supporting the company and building a leading food and on-demand delivery platform in Türkiye,” said Waleed Al Mokarrab Al Muhairi, Deputy Group CEO at Mubadala Investment Company. “This transaction reflects the strength of the business and the progress it has made, particularly over the last year. Türkiye remains a highly attractive market for Mubadala, and we continue to evaluate long-term investment opportunities in the country.”


“This agreement is a significant milestone for Getir and is a testament to the strong operating model and leading brand our team has built in our home market of Türkiye,” said Batuhan Gultakan, CEO of Getir. “We are excited to bring Getir’s pioneering ultrafast delivery expertise to Uber’s global ecosystem, as we continue to enhance the experience for consumers, couriers, restaurants, and retailers. We are proud of what we have achieved with the support of Mubadala and look forward to the next chapter of growth as part of the Uber family.”


Forward-Looking Statements


This press release contains forward-looking statements regarding 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,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “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 acquisition, 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 Uber or the expected benefits of the proposed transaction, or the failure to satisfy any of the closing conditions to the proposed transaction on a timely basis or at all; costs, expenses or difficulties related to the acquisition of the Getir businesses; 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 Getir’s employees, merchants, suppliers, delivery partners and other business partners; the risk of litigation or regulatory actions to Uber or Getir; inability to retain key personnel; changes in legislation or government regulations affecting Uber or Getir; the potential impact of the acquisition on Uber’s financial results; and economic financial, social or political conditions that could adversely affect Uber, Getir 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, 2024 and subsequent quarterly reports, annual 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. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Uber on the date hereof. Uber undertakes no duty to update this information unless required by law.


About Uber Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how to get a ride at the tap of a button. More than 68 billion trips later, we’re building products to move people, food, and things through cities, opening the world to new possibilities.


About Mubadala Investment Company


Mubadala is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala’s $330 billion portfolio spans six continents with interests in multiple sectors and asset classes. Mubadala leverages its deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. Mubadala’s investment philosophy is centered around investing in high quality companies operating in attractive markets with strong tailwinds. It seeks to identify and back strong management teams and provide capital to support their organic and inorganic growth strategies.


About Getir


Getir pioneered a new market in 2015 by launching the world's first map-based supply system that delivers grocery products within minutes. As Türkiye's first super app, the company connects users with grocery products, over 100,000 restaurants nationwide, and local merchants. The company, whose operations are built on artificial intelligence, algorithms, and a micro-logistics architecture, manages a growing ecosystem with over 87,000 business partners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209015918/en/
Uber

press@uber.com


Mubadala

Tom Drummond

tdrummond@mubadala.ae


Getir

Dilge Berktas

press@getir.com


Original: Uber Doubles Down on Türkiye with Agreement to Acquire Getir’s Delivery Business

Adyen and Uber Expand Global Partnership to Power New Markets, Launch Uber KiosksFebruary 9, 2026 4:42 AM
PR Newswire (US)

Adyen and Uber expand their relationship to support Uber's payment processing across more key geographiesUber will leverage Adyen's Checkout API to offer additional payment methodsUber launched kiosks at venues powered by Adyen terminalsNEW YORK, Feb. 9, 2026 /PRNewswire/ -- Adyen, the global financial technology platform of choice for leading businesses, and Uber (NYSE: UBER), the world's leading mobility and delivery platform, today announced the renewal and expansion of their global partnership. Building on more than a decade of successful collaboration first starting in 2012, Adyen continues to serve as a key payments engine supporting Uber's global footprint, which now spans over 70 countries across six continents.







The expanded partnership reflects Uber's growing use of Adyen's global payments platform to enhance performance and offer more alternative payment methods, to support Uber's continued international growth. Notable new territories where Uber is leveraging Adyen's services are United Arab Emirates, Hong Kong, and the Caribbean, along with the expansion of local acquiring in key regions like Japan, Mexico, New Zealand, and Australia, and the adoption of high-growth local payment methods such as Pix in Brazil, AfterPay in Australia and WeChat Pay globally to serve travelers ordering Uber through the WeChat mini app. Looking ahead, Uber and Adyen will continue to partner on payment  innovation, which includes new payment method integrations and support for new business lines such as Uber kiosks in airports, hotels, and venues globally."The expansion of our partnership with Uber underscores a shared commitment to achieving global scale together, which has continued for well over a decade," commented Trevor Nies, SVP Global Head of Digital at Adyen. "Having already supported strong volume acceleration in 40 key markets over the last year, including the US, UK, and Brazil, we remain focused on enhancing Uber's payments experience, from offering new payment methods to pioneering new business lines.""A reliable and innovative payment platform is a fundamental requirement for Uber's global growth. Continuing and expanding our partnership with Adyen is key to that, enabling us to support our growth and quickly integrate new methods," said Karl Hébert, Vice President of Global Commerce at Uber. "We are excited to leverage their technology to realize the full potential of our ongoing innovation and expansion into new business areas."Pioneering New Mobility: Uber Launches kiosks with Adyen
Uber has launched kiosks, powered by Adyen terminals, providing a new, phone-free way to book an Uber—perfect for international visitors arriving without a local data plan. Uber kiosk gives travelers a simple way to request a ride, even if they don't have the Uber app.Simply walk up to the kiosk, enter your destination, then select your ride type. The kiosk prints a paper receipt with your trip details, making the experience as straightforward as possible. The first kiosk debuted at LaGuardia Airport (LGA) Terminal C, with additional rollouts planned for hotels, ports, & international airports in the coming months.About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with companies such as Meta, Uber, H&M, eBay, and Microsoft. The collaboration with Uber, described in this press release, underlines Adyen's continuous growth with existing and new customers over the years.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 72 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.



View original content to download multimedia:https://www.prnewswire.com/news-releases/adyen-and-uber-expand-global-partnership-to-power-new-markets-launch-uber-kiosks-302681864.htmlSOURCE Adyen

Original: Adyen and Uber Expand Global Partnership to Power New Markets, Launch Uber Kiosks

Adyen and Uber Expand Global Partnership to Power New Markets, Launch Uber KiosksFebruary 9, 2026 4:41 AM
PR Newswire (US)

Adyen and Uber expand their relationship to support Uber's payment processing across more key geographiesUber will leverage Adyen's Checkout API to offer additional payment methodsUber launched kiosks at venues powered by Adyen terminalsNEW YORK, Feb. 9, 2026 /PRNewswire/ -- Adyen, the global financial technology platform of choice for leading businesses, and Uber (NYSE: UBER), the world's leading mobility and delivery platform, today announced the renewal and expansion of their global partnership. Building on more than a decade of successful collaboration first starting in 2012, Adyen continues to serve as a key payments engine supporting Uber's global footprint, which now spans over 70 countries across six continents.
The expanded partnership reflects Uber's growing use of Adyen's global payments platform to enhance performance and offer more alternative payment methods, to support Uber's continued international growth. Notable new territories where Uber is leveraging Adyen's services are United Arab Emirates, Hong Kong, and the Caribbean, along with the expansion of local acquiring in key regions like Japan, Mexico, New Zealand, and Australia, and the adoption of high-growth local payment methods such as Pix in Brazil, AfterPay in Australia and WeChat Pay globally to serve travelers ordering Uber through the WeChat mini app. Looking ahead, Uber and Adyen will continue to partner on payment  innovation, which includes new payment method integrations and support for new business lines such as Uber kiosks in airports, hotels, and venues globally."The expansion of our partnership with Uber underscores a shared commitment to achieving global scale together, which has continued for well over a decade," commented Trevor Nies, SVP Global Head of Digital at Adyen. "Having already supported strong volume acceleration in 40 key markets over the last year, including the US, UK, and Brazil, we remain focused on enhancing Uber's payments experience, from offering new payment methods to pioneering new business lines.""A reliable and innovative payment platform is a fundamental requirement for Uber's global growth. Continuing and expanding our partnership with Adyen is key to that, enabling us to support our growth and quickly integrate new methods," said Karl Hébert, Vice President of Global Commerce at Uber. "We are excited to leverage their technology to realize the full potential of our ongoing innovation and expansion into new business areas."Pioneering New Mobility: Uber Launches kiosks with Adyen
Uber has launched kiosks, powered by Adyen terminals, providing a new, phone-free way to book an Uber—perfect for international visitors arriving without a local data plan. Uber kiosk gives travelers a simple way to request a ride, even if they don't have the Uber app.Simply walk up to the kiosk, enter your destination, then select your ride type. The kiosk prints a paper receipt with your trip details, making the experience as straightforward as possible. The first kiosk debuted at LaGuardia Airport (LGA) Terminal C, with additional rollouts planned for hotels, ports, & international airports in the coming months.About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payment capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with companies such as Meta, Uber, H&M, eBay, and Microsoft. The collaboration with Uber, described in this press release, underlines Adyen's continuous growth with existing and new customers over the years.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 72 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.Logo - https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpg



View original content:https://www.prnewswire.co.uk/news-releases/adyen-and-uber-expand-global-partnership-to-power-new-markets-launch-uber-kiosks-302681881.html

Original: Adyen and Uber Expand Global Partnership to Power New Markets, Launch Uber Kiosks

Adyen et Uber étendent leur partenariat mondial pour alimenter de nouveaux marchés et lancent les premières bornes UberFebruary 9, 2026 4:41 AM
PR Newswire (Canada)

Adyen et Uber élargissent leur collaboration pour soutenir le traitement des paiements d'Uber dans un plus grand nombre de marchés géographiques clésUber utilisera l'API Checkout d'Adyen pour offrir des modes de paiement supplémentairesUber a lancé des bornes sur les sites alimentés par les terminaux AdyenNEW YORK, 9 février 2026 /CNW/ - Adyen, la plateforme mondiale de technologie financière pour les entreprises de premier plan, et Uber (NYSE : UBER), la principale plateforme de mobilité et de livraison au monde, annoncent aujourd'hui le renouvellement et l'expansion de leur partenariat mondial. S'appuyant sur plus d'une décennie de collaboration fructueuse ayant débuté en 2012, Adyen continue de servir de moteur de paiement clé pour soutenir l'empreinte mondiale d'Uber, qui s'étend maintenant à plus de 70 pays sur six continents.
Le partenariat élargi reflète l'utilisation croissante par Uber de la plateforme mondiale de paiements d'Adyen pour améliorer la performance et offrir davantage de modes de paiement alternatifs, afin de soutenir la croissance internationale continue d'Uber. Les nouveaux territoires où Uber tire parti des services d'Adyen sont les Émirats arabes unis, Hong Kong et les Caraïbes, la poursuite d'acquisitions locales dans des régions clés comme le Japon, le Mexique, la Nouvelle-Zélande et l'Australie, et l'adoption de méthodes de paiement à forte croissance comme Pix au Brésil, AfterPay en Australie et WeChat Pay à l'échelle mondiale auront pour mission de renforcer l'expérience des voyageurs qui commandent un Uber au moyen de la mini-application WeChat. À l'avenir, Uber et Adyen continueront de s'associer à l'innovation en matière de paiement, qui comprend l'intégration de nouveaux modes de paiement et le soutien de nouveaux secteurs d'activité comme les bornes Uber dans les aéroports, les hôtels et les sites.« L'expansion de notre partenariat avec Uber témoigne d'un engagement commun à atteindre ensemble une échelle mondiale, qui se poursuit depuis plus d'une décennie », déclare Trevor Nies, vice-président principal, responsable mondial du numérique chez Adyen. « Ayant déjà soutenu une forte accélération du volume dans 40 marchés clés au cours de la dernière année, notamment aux États-Unis, au Royaume-Uni et au Brésil, nous continuons de nous concentrer sur l'amélioration de l'expérience de paiement d'Uber, qu'il s'agisse d'offrir de nouveaux modes de paiement ou de lancer de nouveaux secteurs d'activité. »« Une plateforme de paiement fiable et innovante est une exigence fondamentale pour la croissance mondiale d'Uber. La poursuite et l'expansion de notre partenariat avec Adyen sont essentielles et nous permettant de soutenir notre croissance et d'intégrer rapidement de nouvelles méthodes », déclare Karl Hébert, vice-président, commerce mondial, Uber. « Nous sommes heureux de tirer parti de leur technologie pour concrétiser le plein potentiel de notre innovation continue et de notre expansion dans de nouveaux secteurs d'activité. »Pionnier de la mobilité : Uber lance des bornes avec Adyen
Uber a lancé des bornes, alimentées par des terminaux Adyen, afin d'offrir un nouveau moyen sans téléphone de réserver un Uber, idéal pour les visiteurs internationaux qui arrivent sans forfait local. La borne Uber offre aux voyageurs un moyen simple de demander un déplacement, même s'ils n'ont pas l'application Uber.Il vous suffit de vous rendre à la borne, d'entrer votre destination, puis de sélectionner votre type de trajet. La borne imprime un reçu papier avec les détails de votre trajet, ce qui rend l'expérience aussi simple que possible. La première borne a été lancée au terminal C de l'aéroport de LaGuardia (LGA), et d'autres déploiements sont prévus pour les hôtels, les ports et les aéroports internationaux au cours des prochains mois.À propos d'Adyen
Adyen (AMS : ADYEN) est la plateforme technologique financière de choix pour les entreprises de premier plan. En fournissant des capacités de paiement de bout en bout, des informations basées sur des données et des produits financiers dans une solution globale unique, Adyen aide les entreprises à réaliser plus rapidement leurs ambitions. Avec des bureaux aux quatre coins du globe, Adyen travaille avec des entreprises telles que Meta, Uber, H&M, eBay et Microsoft. La collaboration avec Uber décrite dans ce communiqué souligne la croissance continue d'Adyen auprès des clients existants et nouveaux au fil des ans.À propos d'Uber
La mission d'Uber est de créer des opportunités grâce au mouvement. Nous avons lancé nos activités en 2010 pour résoudre un problème simple : comment accéder à une course en appuyant sur un bouton ? Plus de 72 milliards de déplacements plus tard, nous construisons des produits pour rapprocher les gens de leur destination. En changeant la façon dont les personnes, la nourriture et les objets se déplacent dans les villes, Uber est une plateforme qui ouvre le monde à de nouvelles possibilités.Logo - https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpgSOURCE Adyen

Original: Adyen et Uber étendent leur partenariat mondial pour alimenter de nouveaux marchés et lancent les premières bornes Uber

Uber Shares Slide After Q4 Earnings Fall Short of ForecastsFebruary 4, 2026 8:21 AM
IH Market News
Uber Technologies, Inc. (NYSE:UBER) saw its shares drop sharply in premarket trading after reporting fourth-quarter 2025 earnings that missed Wall Street expectations, even as the company delivered strong revenue growth and record cash generation.The ride-hailing and delivery group posted adjusted earnings per share of $0.71, coming in 11% below the analyst consensus of $0.80. Revenue totaled $14.4 billion, slightly ahead of the $14.32 billion expected by the market and up 20% from the same quarter a year earlier. During the period, total trips increased 22% year on year to 3.8 billion, while gross bookings rose 22% to $54.1 billion.“Uber accelerated into another record-breaking quarter, with more than 200 million monthly users completing more than 40 million trips every day—our largest and most engaged consumer base ever,” CEO Dara Khosrowshahi said in a statement.Despite the earnings miss, Uber reported record quarterly operating cash flow of $2.9 billion and free cash flow of $2.8 billion, representing a 65% increase from a year earlier. Adjusted EBITDA climbed 35% year on year to $2.5 billion, with margins improving to 4.6% of gross bookings from 4.2% in the fourth quarter of 2024.Investor sentiment was also weighed down by the company’s outlook for the first quarter of 2026. Uber forecast non-GAAP earnings per share of $0.65 to $0.72, below analysts’ expectations of $0.75, although the midpoint still implies 37% growth year on year. Gross bookings are projected to range between $52.0 billion and $53.5 billion, equating to constant-currency growth of 17% to 21%.By business segment, Mobility revenue rose 19% year on year to $8.2 billion, while Delivery revenue surged 30% to $4.9 billion. Freight revenue was flat at $1.27 billion.“Our performance this year reflects the significant power of our platform strategy, with $193 billion in Gross Bookings and $10 billion in free cash flow,” said CFO Prashanth Mahendra-Rajah, who is set to step down from his role.Uber Technologies stock price

Original: Uber Shares Slide After Q4 Earnings Fall Short of Forecasts

Uber Announces Results for Fourth Quarter and Full Year 2025February 4, 2026 6:55 AM
Business Wire
Quarterly trips grew 22% year-over-year and Gross Bookings grew 22% year-over-year

Record quarterly GAAP Income from operations of $1.8 billion; Adjusted EBITDA of $2.5 billion, up 35% year-over-year

Record quarterly operating cash flow of $2.9 billion and Free cash flow of $2.8 billion


Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter and full year ended December 31, 2025.


“Uber accelerated into another record-breaking quarter, with more than 200 million monthly users completing more than 40 million trips every day—our largest and most engaged consumer base ever,” said Dara Khosrowshahi, CEO. “We enter 2026 with a rapidly growing topline, significant cash flow, and a clear path to becoming the largest facilitator of AV trips in the world.”


“Our performance this year reflects the significant power of our platform strategy, with $193 billion in Gross Bookings and $10 billion in free cash flow,” said Prashanth Mahendra-Rajah, CFO. “Uber is a once-in-a-generation company with enormous opportunity still ahead, and it has been a true privilege—and a great deal of fun—to have played my part in its success.”


“After five years of 20%+ growth, we are entering 2026 with strong momentum, while remaining solidly on track to deliver on our three-year growth and profit outlook,” said Balaji Krishnamurthy, incoming CFO. “With large and growing free cash flows, over the coming years we will invest with discipline across a multitude of opportunities, including positioning Uber to win in an AV future.”


Financial and Operational Highlights for Fourth Quarter 2025



Trips during the quarter grew 22% year-over-year (“YoY”) to 3.8 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 18% YoY and monthly Trips per MAPC growth of 3% YoY.



Gross Bookings grew 22% YoY to $54.1 billion, and 22% on a constant currency basis.



Revenue grew 20% YoY to $14.4 billion, or 19% on a constant currency basis.



GAAP Income from operations grew 130% YoY to $1.8 billion.



GAAP Net income attributable to Uber Technologies, Inc. was $296 million, which includes a $1.6 billion net headwind (pre-tax) from revaluations of Uber’s equity investments. GAAP Diluted earnings per share (“EPS”) was $0.14.



Adjusted EBITDA grew 35% YoY to $2.5 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.6%, up from 4.2% in Q4 2024.



Non-GAAP Operating Income grew 46% YoY to $1.9 billion. Non-GAAP Operating Income as a percentage of Gross Bookings was 3.5%, up from 3.0% in Q4 2024.



Non-GAAP Net Income grew 25% YoY to $1.5 billion and Non-GAAP EPS grew 27% YoY to $0.71.



Net cash provided by operating activities was $2.9 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.8 billion.



Unrestricted cash, cash equivalents, and short-term investments were $7.6 billion at the end of the fourth quarter.



Outlook for Q1 2026


For Q1 2026, we anticipate:



Gross Bookings of $52.0 billion to $53.5 billion, representing growth of 17% to 21% YoY on a constant currency basis.


Our outlook assumes a roughly 4 percentage-point currency tailwind to total reported YoY growth.






Non-GAAP EPS of $0.65 to $0.72, representing growth of 37% YoY at the midpoint.


Our outlook translates to Adjusted EBITDA of $2.37 billion to $2.47 billion.








Financial and Operational Highlights for Fourth Quarter 2025













 



 






 






Three Months Ended

December 31,






 






 






 






 








(In millions, except percentages)






 






2024






 






2025






 






% Change






 






% Change




(Constant Currency (1))








 






 






 






 






 






 






 






 






 








Monthly Active Platform Consumers (“MAPCs”)






 






 






171






 






 






 






202






 






 






18






%






 






 








Trips






 






 






3,068






 






 






 






3,751






 






 






22






%






 






 








Gross Bookings






 






$






44,197






 






 






$






54,140






 






 






22






%






 






22






%








Revenue






 






$






11,959






 






 






$






14,366






 






 






20






%






 






19






%








GAAP Income from operations






 






$






770






 






 






$






1,774






 






 






130






%






 






 








GAAP Net income attributable to Uber Technologies, Inc. (2)






 






$






6,883






 






 






$






296






 






 






(96






)%






 






 








GAAP Diluted EPS






 






$






3.21






 






 






$






0.14






 






 






(96






)%






 






 








Adjusted EBITDA (1)






 






$






1,842






 






 






$






2,487






 






 






35






%






 






 








Non-GAAP Operating Income (1)






 






$






1,318






 






 






$






1,918






 






 






46






%






 






 








Non-GAAP Net Income (1)






 






$






1,201






 






 






$






1,496






 






 






25






%






 






 








Non-GAAP EPS (1)






 






$






0.56






 






 






$






0.71






 






 






27






%






 






 








Net cash provided by operating activities






 






$






1,750






 






 






$






2,883






 






 






65






%






 






 








Free cash flow (1)






 






$






1,706






 






 






$






2,808






 






 






65






%






 






 









(1)







See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.








(2)







Q4 2024 net income includes a $6.4 billion benefit from a tax valuation release and a $556 million net benefit (pre-tax) from revaluations of Uber’s equity investments. Q4 2025 net income includes a $1.6 billion net headwind (pre-tax) from revaluations of Uber’s equity investments.









 




Full Year 2025 Financial and Operational Highlights













 



 






 






Year Ended

December 31,






 






 






 






 








(In millions, except percentages)






 






2024






 






2025






 






% Change






 






% Change




(Constant Currency)








 






 






 






 






 






 






 






 






 








Trips






 






 






11,273






 






 






 






13,567






 






 






20






%






 






 








Gross Bookings






 






$






162,773






 






 






$






193,454






 






 






19






%






 






20






%








Revenue






 






$






43,978






 






 






$






52,017






 






 






18






%






 






18






%








GAAP Income from operations






 






$






2,799






 






 






$






5,565






 






 






99






%






 






 








GAAP Net income attributable to Uber Technologies, Inc. (2)






 






$






9,856






 






 






$






10,053






 






 






2






%






 






 








GAAP Diluted EPS






 






$






4.56






 






 






$






4.73






 






 






4






%






 






 








Adjusted EBITDA (1)






 






$






6,484






 






 






$






8,730






 






 






35






%






 






 








Non-GAAP Operating Income (1)






 






$






4,310






 






 






$






6,453






 






 






50






%






 






 








Non-GAAP Net Income (1)






 






$






3,970






 






 






$






5,237






 






 






32






%






 






 








Non-GAAP EPS (1)






 






$






1.82






 






 






$






2.45






 






 






35






%






 






 








Net cash provided by operating activities






 






$






7,137






 






 






$






10,099






 






 






42






%






 






 








Free cash flow (1)






 






$






6,895






 






 






$






9,763






 






 






42






%






 






 









(1)







See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.








(2)







Net income for the year ended December 31, 2024 includes a $6.4 billion benefit from a tax valuation release and a $1.8 billion net benefit (pre-tax) from revaluations of Uber’s equity investments. Net income for the year ended December 31, 2025 includes a $5.0 billion benefit from a tax valuation release and a $97 million net headwind (pre-tax) from revaluations of Uber’s equity investments.









 


Results by Offering and Segment




Gross Bookings













 



 






 






Three Months Ended

December 31,






 






 






 






 








(In millions, except percentages)






 






2024






 






2025






 






% Change






 






% Change




(Constant Currency)








 






 






 






 






 






 






 






 






 








Gross Bookings:






 






 






 






 






 






 






 






 








Mobility






 






$






22,798






 






 






$






27,442






 






 






20






%






 






19






%








Delivery






 






 






20,126






 






 






 






25,431






 






 






26






%






 






26






%








Freight






 






 






1,273






 






 






 






1,267






 






 






(1






)%






 






(1






)%








Total






 






$






44,197






 






 






$






54,140






 






 






22






%






 






22






%





















 




Revenue













 



 






 






Three Months Ended

December 31,






 






 






 






 








(In millions, except percentages)






 






2024






 






2025






 






% Change






 






% Change




(Constant Currency)








 






 






 






 






 






 






 






 






 








Revenue:






 






 






 






 






 






 






 






 








Mobility






 






$






6,911






 






 






$






8,204






 






 






19






%






 






18






%








Delivery






 






 






3,773






 






 






 






4,892






 






 






30






%






 






29






%








Freight






 






 






1,275






 






 






 






1,270






 






 






—






%






 






(1






)%








Total






 






$






11,959






 






 






$






14,366






 






 






20






%






 






19






%





















 




Adjusted EBITDA and Segment Adjusted EBITDA











 



 






 






Three Months Ended

December 31,






 






 








(In millions, except percentages)






 






2024






 






2025






 






% Change








 






 






 






 






 






 






 








Segment Adjusted EBITDA:






 






 






 






 






 






 








Mobility






 






$






1,769






 






 






$






2,203






 






 






25






%








Delivery






 






 






727






 






 






 






1,015






 






 






40






%








Freight






 






 






(22






)






 






 






—






 






 






**








Corporate G&A and Platform R&D (1)






 






 






(632






)






 






 






(731






)






 






(16






)%








Adjusted EBITDA (2)






 






$






1,842






 






 






$






2,487






 






 






35






%









(1)







Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.








(2)







“Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.








** Percentage not meaningful.









 




Non-GAAP Operating Income and Segment Operating Income (Loss)











 



 






 






Three Months Ended

December 31,






 






 








(In millions, except percentages)






 






2024






 






2025






 






% Change








 






 






 






 






 






 






 








Segment Operating Income (Loss):






 






 






 






 






 






 








Mobility






 






$






1,608






 






 






$






2,027






 






 






26






%








Delivery






 






 






639






 






 






 






905






 






 






42






%








Freight






 






 






(41






)






 






 






(18






)






 






56






%








Corporate G&A and Platform R&D (1)






 






 






(888






)






 






 






(996






)






 






(12






)%








Non-GAAP Operating Income (2)






 






$






1,318






 






 






$






1,918






 






 






46






%









(1)







Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.








(2)







“Non-GAAP Operating Income” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.







Webcast and conference call information


A live audio webcast of our fourth quarter ended December 31, 2025 earnings release call will be available at https://investor.uber.com/, along with the earnings press release and slide presentation. The call begins on February 4, 2026 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.


We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (https://investor.uber.com/), and our blogs (https://uber.com/blog) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.


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 72 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.


Forward-Looking Statements


This press release contains forward-looking statements regarding our 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,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “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 our 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: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments, particularly with respect to our relationships with drivers and couriers and the impact of the global economy, including rising inflation and interest rates. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our most recent quarterly report on Form 10-Q for the quarter ended September 30, 2025 and subsequent annual reports, quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this release and in the attachments is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.


Non-GAAP Financial Measures


To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.


We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.


There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.


For more information on these non-GAAP financial measures, please see the sections titled “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. In regards to forward-looking non-GAAP guidance, we are not able to reconcile the forward-looking Non-GAAP EPS and Adjusted EBITDA measures to the closest corresponding GAAP measures without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.







 



UBER TECHNOLOGIES, INC.








CONDENSED CONSOLIDATED BALANCE SHEETS








(In millions)








(Unaudited)








 






 






 






 






 








 






 






As of December 31, 2024






 






As of December 31, 2025








Assets






 






 






 






 








Cash and cash equivalents






 






$






5,893






 






 






$






7,105






 








Short-term investments






 






 






1,084






 






 






 






528






 








Restricted cash and cash equivalents






 






 






545






 






 






 






631






 








Accounts receivable, net






 






 






3,333






 






 






 






3,827






 








Prepaid expenses and other current assets






 






 






1,390






 






 






 






1,902






 








Total current assets






 






 






12,245






 






 






 






13,993






 








Restricted cash and cash equivalents






 






 






2,172






 






 






 






1,911






 








Restricted investments






 






 






7,019






 






 






 






8,874






 








Investments






 






 






8,460






 






 






 






9,178






 








Equity method investments






 






 






302






 






 






 






287






 








Property and equipment, net






 






 






1,952






 






 






 






1,897






 








Operating lease right-of-use assets






 






 






1,158






 






 






 






1,114






 








Intangible assets, net






 






 






1,125






 






 






 






1,048






 








Goodwill






 






 






8,066






 






 






 






8,931






 








Deferred tax assets






 






 






6,171






 






 






 






10,951






 








Other assets






 






 






2,574






 






 






 






3,618






 








Total assets






 






$






51,244






 






 






$






61,802






 








Liabilities, redeemable non-controlling interests and equity






 






 






 






 








Accounts payable






 






$






858






 






 






$






1,013






 








Short-term insurance reserves






 






 






2,754






 






 






 






3,387






 








Operating lease liabilities, current






 






 






175






 






 






 






169






 








Accrued and other current liabilities






 






 






7,689






 






 






 






7,751






 








Total current liabilities






 






 






11,476






 






 






 






12,320






 








Long-term insurance reserves






 






 






7,042






 






 






 






9,076






 








Long-term debt, net of current portion






 






 






8,347






 






 






 






10,521






 








Operating lease liabilities, non-current






 






 






1,454






 






 






 






1,390






 








Other long-term liabilities






 






 






449






 






 






 






412






 








Total liabilities






 






 






28,768






 






 






 






33,719






 








 






 






 






 






 








Redeemable non-controlling interests






 






 






93






 






 






 






165






 








Equity






 






 






 






 








Common stock






 






 






—






 






 






 






—






 








Additional paid-in capital






 






 






42,801






 






 






 






38,101






 








Accumulated other comprehensive loss






 






 






(517






)






 






 






(432






)








Accumulated deficit






 






 






(20,726






)






 






 






(10,628






)








Total Uber Technologies, Inc. stockholders' equity






 






 






21,558






 






 






 






27,041






 








Non-redeemable non-controlling interests






 






 






825






 






 






 






877






 








Total equity






 






 






22,383






 






 






 






27,918






 








Total liabilities, redeemable non-controlling interests and equity






 






$






51,244






 






 






$






61,802






 















 




UBER TECHNOLOGIES, INC.








CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS








(In millions, except share amounts which are reflected in thousands, and per share amounts)








(Unaudited)








 






 






 






 






 








 






 






Three Months Ended

December 31,






 






Year Ended

December 31,








 






 






2024






 






2025






 






2024






 






2025








Revenue






 






$






11,959






 






 






$






14,366






 






 






$






43,978






 






 






$






52,017






 








Costs and expenses






 






 






 






 






 






 






 






 








Cost of revenue, exclusive of depreciation and amortization shown separately below






 






 






7,234






 






 






 






8,681






 






 






 






26,651






 






 






 






31,338






 








Operations and support






 






 






678






 






 






 






755






 






 






 






2,732






 






 






 






2,854






 








Sales and marketing






 






 






1,209






 






 






 






1,354






 






 






 






4,337






 






 






 






4,898






 








Research and development






 






 






785






 






 






 






885






 






 






 






3,109






 






 






 






3,402






 








General and administrative






 






 






1,114






 






 






 






732






 






 






 






3,639






 






 






 






3,241






 








Depreciation and amortization






 






 






169






 






 






 






185






 






 






 






711






 






 






 






719






 








Total costs and expenses






 






 






11,189






 






 






 






12,592






 






 






 






41,179






 






 






 






46,452






 








Income from operations






 






 






770






 






 






 






1,774






 






 






 






2,799






 






 






 






5,565






 








Interest expense






 






 






(117






)






 






 






(115






)






 






 






(523






)






 






 






(440






)








Interest income






 






 






191






 






 






 






200






 






 






 






721






 






 






 






743






 








Other income (expense), net






 






 






65






 






 






 






(1,568






)






 






 






1,128






 






 






 






(68






)








Income before income taxes and loss from equity method investments






 






 






909






 






 






 






291






 






 






 






4,125






 






 






 






5,800






 








Provision for (benefit from) income taxes






 






 






(6,002






)






 






 






(40






)






 






 






(5,758






)






 






 






(4,346






)








Loss from equity method investments






 






 






(10






)






 






 






(14






)






 






 






(38






)






 






 






(53






)








Net income including non-controlling interests






 






 






6,901






 






 






 






317






 






 






 






9,845






 






 






 






10,093






 








Less: net income (loss) attributable to non-controlling interests, net of tax






 






 






18






 






 






 






21






 






 






 






(11






)






 






 






40






 








Net income attributable to Uber Technologies, Inc.






 






$






6,883






 






 






$






296






 






 






$






9,856






 






 






$






10,053






 








Net income per share attributable to Uber Technologies, Inc. common stockholders:






 






 






 






 






 






 






 






 








Basic






 






$






3.27






 






 






$






0.14






 






 






$






4.71






 






 






$






4.82






 








Diluted






 






$






3.21






 






 






$






0.14






 






 






$






4.56






 






 






$






4.73






 








Weighted-average shares used to compute net income per share attributable to common stockholders:






 






 






 






 






 






 






 






 








Basic






 






 






2,105,899






 






 






 






2,073,483






 






 






 






2,094,602






 






 






 






2,085,253






 








Diluted






 






 






2,141,426






 






 






 






2,106,011






 






 






 






2,150,508






 






 






 






2,119,689






 























 




UBER TECHNOLOGIES, INC.








CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS








(In millions)








(Unaudited)








 






 






 






 






 








 






 






Three Months Ended

December 31,






 






Year Ended

December 31,








 






 






2024






 






2025






 






2024






 






2025








Cash flows from operating activities






 






 






 






 






 






 






 






 








Net income including non-controlling interests






 






$






6,901






 






 






$






317






 






 






$






9,845






 






 






$






10,093






 








Adjustments to reconcile net income to net cash provided by operating activities:






 






 






 






 






 






 






 






 








Depreciation and amortization






 






 






176






 






 






 






193






 






 






 






737






 






 






 






747






 








Stock-based compensation






 






 






419






 






 






 






451






 






 






 






1,796






 






 






 






1,826






 








Deferred income taxes






 






 






(6,128






)






 






 






(287






)






 






 






(6,027






)






 






 






(4,779






)








Accretion of discounts on marketable debt securities, net






 






 






(62






)






 






 






(35






)






 






 






(251






)






 






 






(158






)








Unrealized gain (loss) on debt and equity securities, net






 






 






(556






)






 






 






1,602






 






 






 






(1,832






)






 






 






97






 








Unrealized foreign currency transactions






 






 






135






 






 






 






10






 






 






 






308






 






 






 






(120






)








Other






 






 






92






 






 






 






(20






)






 






 






187






 






 






 






166






 








Change in assets and liabilities, net of impact of business acquisitions and disposals:






 






 






 






 






 






 






 






 








Accounts receivable






 






 






246






 






 






 






(109






)






 






 






(142






)






 






 






(466






)








Prepaid expenses and other assets






 






 






(30






)






 






 






(154






)






 






 






(694






)






 






 






(1,028






)








Operating lease right-of-use assets






 






 






59






 






 






 






42






 






 






 






196






 






 






 






177






 








Accounts payable






 






 






62






 






 






 






(106






)






 






 






86






 






 






 






126






 








Accrued insurance reserves






 






 






658






 






 






 






581






 






 






 






2,819






 






 






 






2,660






 








Accrued expenses and other liabilities






 






 






(158






)






 






 






446






 






 






 






330






 






 






 






967






 








Operating lease liabilities






 






 






(64






)






 






 






(48






)






 






 






(221






)






 






 






(209






)








Net cash provided by operating activities






 






 






1,750






 






 






 






2,883






 






 






 






7,137






 






 






 






10,099






 








Cash flows from investing activities






 






 






 






 






 






 






 






 








Purchases of property and equipment






 






 






(44






)






 






 






(75






)






 






 






(242






)






 






 






(336






)








Purchases of non-marketable equity securities






 






 






(1






)






 






 






(390






)






 






 






(289






)






 






 






(676






)








Purchases of marketable securities






 






 






(3,020






)






 






 






(7,502






)






 






 






(12,765






)






 






 






(21,447






)








Proceeds from maturities and sales of marketable securities






 






 






4,437






 






 






 






6,499






 






 






 






10,204






 






 






 






20,046






 








Acquisition of businesses, net of cash acquired






 






 






—






 






 






 






(11






)






 






 






—






 






 






 






(815






)








Other investing activities






 






 






61






 






 






 






(135






)






 






 






(85






)






 






 






(336






)








Net cash provided by (used in) investing activities






 






 






1,433






 






 






 






(1,614






)






 






 






(3,177






)






 






 






(3,564






)








Cash flows from financing activities






 






 






 






 






 






 






 






 








Issuance of term loan and notes, net of issuance costs






 






 






—






 






 






 






—






 






 






 






3,972






 






 






 






3,359






 








Principal repayment on term loan and notes






 






 






(2,000






)






 






 






(1,150






)






 






 






(3,986






)






 






 






(2,350






)








Principal payments on finance leases






 






 






(50






)






 






 






(45






)






 






 






(172






)






 






 






(157






)








Proceeds from the issuance of common stock under the Employee Stock Purchase Plan






 






 






53






 






 






 






63






 






 






 






156






 






 






 






183






 








Repurchases of common stock






 






 






(555






)






 






 






(1,912






)






 






 






(1,252






)






 






 






(6,523






)








Redemption of non-controlling interests






 






 






(851






)






 






 






(70






)






 






 






(851






)






 






 






(109






)








Other financing activities






 






 






6






 






 






 






(4






)






 






 






46






 






 






 






(116






)








Net cash used in financing activities






 






 






(3,397






)






 






 






(3,118






)






 






 






(2,087






)






 






 






(5,713






)








Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents






 






 






(179






)






 






 






13






 






 






 






(267






)






 






 






215






 








Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents






 






 






(393






)






 






 






(1,836






)






 






 






1,606






 






 






 






1,037






 








Cash and cash equivalents, and restricted cash and cash equivalents






 






 






 






 






 






 






 






 








Beginning of period






 






 






9,003






 






 






 






11,483






 






 






 






7,004






 






 






 






8,610






 








End of period






 






$






8,610






 






 






$






9,647






 






 






$






8,610






 






 






$






9,647






 























 


Key Terms for Our Key Metrics


Driver(s). The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both.


Gross Bookings. We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives) and Freight revenue. Gross Bookings do not include tips earned by Drivers. Gross Bookings are an indication of the scale of our current platform, which ultimately impacts revenue.


Monthly Active Platform Consumers (“MAPCs”). We define MAPCs as the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. While a unique consumer can use multiple product offerings on our platform in a given month, that unique consumer is counted as only one MAPC.


Segment Adjusted EBITDA. We define each segment’s Adjusted EBITDA as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Adjusted EBITDA.


Segment Operating Income (Loss). We define each segment’s Operating Income (Loss) as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Non-GAAP Operating Income.


Trips. We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. For example, an UberX Share ride with three paying consumers represents three unique Trips, whereas an UberX ride with three passengers represents one Trip. We believe that Trips are a useful metric to measure the scale and usage of our platform.


Definitions of Non-GAAP Measures


We collect and analyze operating and financial data to evaluate the health of our business and assess our performance. In addition to revenue, net income (loss), income (loss) from operations, and other results under GAAP, we use: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, revenue growth rates in constant currency, which are described below, to evaluate our business. We have included these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance, generate future operating plans, and make strategic decisions. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. In addition, they provide useful measures for period-to-period comparisons of our business, as they remove the effect of certain non-cash expenses, certain variable charges and other gains, losses, benefits, or charges that are unpredictable, in both magnitude and timing, and items not indicative of our ongoing operating performance. Our calculation of these non-GAAP financial measures may differ from similarly-titled non-GAAP measures, if any, reported by our peer companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP.


Adjusted EBITDA


We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) interest income, (vii) other income (expense), net, (viii) depreciation and amortization, (ix) stock-based compensation expense, (x) certain legal, non-income tax, and regulatory reserve changes and settlements, (xi) goodwill and asset impairments/loss on sale of assets, (xii) acquisition, financing and divestitures related expenses, (xiii) restructuring and related charges and (xiv) other items not indicative of our ongoing operating performance.



Legal, non-income tax, and regulatory reserve changes and settlements. Legal, non-income tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, non-income tax and regulatory matters and related expenses incurred in our ongoing operating performance.



Limitations of Adjusted EBITDA and Adjusted EBITDA Reconciliation


Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following:



Adjusted EBITDA excludes certain recurring, non-cash charges, such as depreciation of property and equipment and amortization of intangible assets, and although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements;



Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy;



Adjusted EBITDA excludes certain restructuring and related charges, part of which may be settled in cash;



Adjusted EBITDA excludes other items not indicative of our ongoing operating performance;



Adjusted EBITDA does not reflect period to period changes in taxes, income tax expense or the cash necessary to pay income taxes;



Adjusted EBITDA does not reflect the components of other income (expense), net, which primarily includes: foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net; and



Adjusted EBITDA excludes certain legal, non-income tax, and regulatory reserve changes and settlements that may reduce cash available to us.



Non-GAAP Operating Income


We define Non-GAAP Operating Income as income from operations, excluding (i) amortization of acquired intangible assets, (ii) certain legal, non-income tax, and regulatory reserve changes and settlements, (iii) goodwill and asset impairments/loss on sale of assets, (iv) acquisition, financing and divestitures related expenses, (v) restructuring and related charges, and (vi) other items not indicative of our ongoing operating performance.



Amortization of acquired intangible assets. Management views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of acquired intangible assets is a static expense, which is not typically affected by operations during any particular period and is not reflective of ongoing operating performance. Although we exclude the amortization of acquired intangibles, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation.



Legal, non-income tax, and regulatory reserve changes and settlements. Legal, non-income tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, non-income tax and regulatory matters and related expenses incurred in our ongoing operating performance.



Non-GAAP Net Income


Our Non-GAAP Net Income excludes the adjustments that are excluded from Non-GAAP Operating Income, as well as certain components below income from operations, such as certain items that are not indicative of our recurring core business operating results and certain income tax effects.



Other income (expense), net. Primarily includes items not indicative of our ongoing operating performance. From time to time, we may exclude other gains, losses, benefits, or charges that are unpredictable, in both magnitude and timing, and items not indicative of our ongoing operating performance. These items include, but are not limited to: foreign currency exchange gain (losses), net, and unrealized (gain) loss on debt and equity securities, net.



Income tax effects. Primarily include the income tax effects of the adjustments excluded from Non-GAAP Net Income and exclude other income tax benefits or expenses that are unpredictable, in both magnitude and timing, and not indicative of the tax associated with our ongoing operating performance.





 






 






Three Months Ended

December 31,






 






Year Ended

December 31,








 






 






2024






 






2025






 






2024






 






2025








GAAP effective tax rate






 






(660






)%






 






(14






)%






 






(140






)%






 






(75






)%








Total adjustments to GAAP provision for income taxes






 






672






%






 






38






%






 






152






%






 






97






%








Non-GAAP effective tax rate (1)






 






12






%






 






24






%






 






12






%






 






22






%









(1)







The year-over-year fluctuations in the Non-GAAP effective tax rate are primarily attributed to the net tax effects related to stock-based compensation expenses.







Non-GAAP EPS


We define Non-GAAP EPS as Non-GAAP Net Income attributable to common stockholders divided by Non-GAAP weighted-average shares outstanding. Adjustments to GAAP diluted weighted-average shares outstanding are for any potentially dilutive outstanding securities in periods where Non-GAAP Net Income is positive, but GAAP Net income was in a loss position.


Limitations of Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS and Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS Reconciliations


These non-GAAP financial measures have limitations as financial measures, should be considered as supplemental in nature, and are not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following:



These non-GAAP financial measures exclude certain recurring, non-cash charges, such as amortization of acquired intangible assets, and although these are non-cash charges, the assets being amortized may have to be replaced in the future, and Non-GAAP Operating Income and Non-GAAP Net Income do not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements;



These non-GAAP financial measures exclude certain restructuring and related charges, part of which may be settled in cash;



These non-GAAP financial measures exclude certain legal, non-income tax, and regulatory reserve changes and settlements that may reduce cash available to us;



These non-GAAP financial measures exclude other items not indicative of our ongoing operating performance; and



These non-GAAP financial measures do not reflect the components of other income (expense), net, which primarily includes: foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net.



Constant Currency


We compare the percent change in our current period results from the corresponding prior period using constant currency disclosure. We present constant currency growth rate information to provide a framework for assessing how our underlying revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior period’s monthly exchange rates for our transacted currencies other than the U.S. dollar.


Free Cash Flow


We define free cash flow as net cash flows from operating activities less capital expenditures.


Reconciliations of Non-GAAP Measures


Adjusted EBITDA


The following table presents reconciliations of Adjusted EBITDA to the most directly comparable GAAP financial measure for each of the periods indicated:




 






 






Three Months Ended

December 31,






 






Year Ended

December 31,








(In millions)






 






2024






 






2025






 






2024






 






2025








Adjusted EBITDA reconciliation:






 






 






 






 






 






 






 






 








Net income attributable to Uber Technologies, Inc.






 






$






6,883






 






 






$






296






 






 






$






9,856






 






 






$






10,053






 








Add (deduct):






 






 






 






 






 






 






 






 








Net income (loss) attributable to non-controlling interests, net of tax






 






 






18






 






 






 






21






 






 






 






(11






)






 






 






40






 








Loss from equity method investments






 






 






10






 






 






 






14






 






 






 






38






 






 






 






53






 








Provision for (benefit from) income taxes






 






 






(6,002






)






 






 






(40






)






 






 






(5,758






)






 






 






(4,346






)








Other (income) expense, net






 






 






(65






)






 






 






1,568






 






 






 






(1,128






)






 






 






68






 








Interest expense






 






 






117






 






 






 






115






 






 






 






523






 






 






 






440






 








Interest income






 






 






(191






)






 






 






(200






)






 






 






(721






)






 






 






(743






)








Income from operations






 






 






770






 






 






 






1,774






 






 






 






2,799






 






 






 






5,565






 








Add (deduct):






 






 






 






 






 






 






 






 








Depreciation and amortization






 






 






169






 






 






 






185






 






 






 






711






 






 






 






719






 








Stock-based compensation expense






 






 






419






 






 






 






451






 






 






 






1,796






 






 






 






1,826






 








Legal, non-income tax, and regulatory reserve changes and settlements






 






 






462






 






 






 






57






 






 






 






1,123






 






 






 






564






 








Goodwill and asset impairments/loss on sale of assets, net






 






 






6






 






 






 






—






 






 






 






3






 






 






 






2






 








Acquisition, financing and divestitures related expenses






 






 






9






 






 






 






15






 






 






 






25






 






 






 






43






 








Loss on lease arrangement, net






 






 






2






 






 






 






—






 






 






 






2






 






 






 






2






 








Restructuring and related charges






 






 






5






 






 






 






5






 






 






 






25






 






 






 






9






 








Adjusted EBITDA






 






$






1,842






 






 






$






2,487






 






 






$






6,484






 






 






$






8,730






 







Non-GAAP Operating Income, Non-GAAP Net Income and Non-GAAP EPS


The following tables present reconciliations of GAAP and Non-GAAP Operating Income, GAAP and Non-GAAP Net Income and GAAP and Non-GAAP EPS:




 






 






Three Months Ended

December 31,






 






Year Ended

December 31,








(In millions, except share amounts which are reflected in thousands, and per share amounts)






 






2024






 






2025






 






2024






 






2025








GAAP Income from operations






 






$






770






 






 






$






1,774






 






 






$






2,799






 






 






$






5,565






 








Add (deduct):






 






 






 






 






 






 






 






 








Amortization of acquired intangible assets






 






 






64






 






 






 






67






 






 






 






290






 






 






 






268






 








Legal, non-income tax, and regulatory reserve changes and settlements






 






 






462






 






 






 






57






 






 






 






1,123






 






 






 






564






 








Goodwill and asset impairments/loss on sale of assets






 






 






6






 






 






 






—






 






 






 






3






 






 






 






2






 








Acquisition, financing and divestitures related expenses






 






 






9






 






 






 






15






 






 






 






68






 






 






 






43






 








Loss on lease arrangement, net






 






 






2






 






 






 






—






 






 






 






2






 






 






 






2






 








Restructuring and related charges






 






 






5






 






 






 






5






 






 






 






25






 






 






 






9






 








Total adjustments excluded from Non-GAAP Operating Income






 






 






548






 






 






 






144






 






 






 






1,511






 






 






 






888






 








Non-GAAP Operating Income






 






$






1,318






 






 






$






1,918






 






 






$






4,310






 






 






$






6,453






 








 






 






 






 






 






 






 






 






 








GAAP Net income attributable to Uber Technologies, Inc.






 






$






6,883






 






 






$






296






 






 






$






9,856






 






 






$






10,053






 








Adjustments excluded from Non-GAAP Operating Income (see above)






 






 






548






 






 






 






144






 






 






 






1,511






 






 






 






888






 








Other (income) expense, net






 






 






(65






)






 






 






1,568






 






 






 






(1,128






)






 






 






68






 








Income tax effects (1)






 






 






(6,175






)






 






 






(526






)






 






 






(6,307






)






 






 






(5,825






)








Loss from equity method investments






 






 






10






 






 






 






14






 






 






 






38






 






 






 






53






 








Non-GAAP Net Income






 






 






1,201






 






 






 






1,496






 






 






 






3,970






 






 






 






5,237






 








Assumed net loss attributable to Freight Holding contingently issuable shares






 






 






(4






)






 






 






—






 






 






 






(49






)






 






 






(37






)








Non-GAAP Net Income attributable to common stockholders






 






$






1,197






 






 






$






1,496






 






 






$






3,921






 






 






$






5,200






 








 






 






 






 






 






 






 






 






 








Diluted weighted-average shares outstanding






 






 






2,141,426






 






 






 






2,106,011






 






 






 






2,150,508






 






 






 






2,119,689






 








 






 






 






 






 






 






 






 






 








GAAP Diluted EPS (2)






 






$






3.21






 






 






$






0.14






 






 






$






4.56






 






 






$






4.73






 








Non-GAAP EPS (2)






 






$






0.56






 






 






$






0.71






 






 






$






1.82






 






 






$






2.45






 









(1)







Income tax effects include the impact of the release of our valuation allowance on the U.S. federal and state deferred tax assets in Q4 2024, tax effects from a stock loss in Q1 2025, and a release of our valuation allowance on the Netherlands deferred tax assets in Q3 2025.








(2)







Per share amounts are calculated using unrounded numbers and therefore may not recalculate.







Free Cash Flow


The following tables present reconciliations of free cash flow to the most directly comparable GAAP financial measure for each of the periods indicated:




 






 






Three Months Ended

December 31,






 






Year Ended

December 31,








(In millions)






 






2024






 






2025






 






2024






 






2025








Free cash flow reconciliation:






 






 






 






 






 






 






 






 








Net cash provided by operating activities






 






$






1,750






 






 






$






2,883






 






 






$






7,137






 






 






$






10,099






 








Purchases of property and equipment






 






 






(44






)






 






 






(75






)






 






 






(242






)






 






 






(336






)








Free cash flow






 






$






1,706






 






 






$






2,808






 






 






$






6,895






 






 






$






9,763






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260204947622/en/
Investors and analysts: investor@uber.com
Media: press@uber.com


Original: Uber Announces Results for Fourth Quarter and Full Year 2025