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UBER TECHNOLOGIES INCUBER TECHNOLOGIES INCUBER TECHNOLOGIES INC

UBER TECHNOLOGIES INC

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Uber Posts Q1 Results That Beat Expectations for RevenueUber (NYSE: NYSE:UBER ) announced its first-quarter results on Wednesday, which surpassed analysts' revenue estimates but also reported a net loss. The company's revenue increased by 15% to $10.13 billion year over year. However, the gross bookings fell short of expectations, with the company reporting $37.65 billion, compared to the $37.93 billion expected by industry analysts. The net loss of the company widened to $654 million, compared to a loss of $157 million in the same quarter the previous year. Uber ( NYSE:UBER ) attributed this loss to a $721 million net headwind from unrealized losses related to the reevaluation of its equity investments. The company's adjusted EBITDA was $1.38 billion, up 82% year over year, which is slightly higher than the $1.31 billion anticipated by analysts. Uber's monthly active platform consumers reached 149 million in Q1, up by 15% YoY from 130 million. During the same period, there were 2.6 billion trips completed on the platform, a 21% YoY increase. The company's mobility segment reported $5.63 billion in revenue, up 30% YoY, and 2% QoQ. The delivery segment reported $3.21 billion in revenue, up 4% YoY and 3% QoQ. The freight business booked $1.28 billion, a decrease of 8% YoY and flat QoQ. In Q2, Uber expects to report gross bookings between $38.75 billion and $40.25 billion, with adjusted EBITDA of $1.45 billion to $1.53 billion. The company's CEO, Dara Khosrowshahi, said that the loss had "nothing to do with the operating business" and that the company does not expect it to keep happening going forward. Khosrowshahi added that Uber cannot predict the markets. Despite the loss, Khosrowshahi stated that the demand for Uber remains strong across their platform, supported by their improving marketplace experience, the continued shift of consumer spending from goods to services, and the secular trend towards on-demand transportation and delivery. The company is focused on increasing its penetration of core use cases while expanding into new consumer segments to drive user growth and win more of their daily trips.
NYSE:UBER
by DEXWireNews
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied for three days to close out the week. The following week it retraced the rally for 2-3 days and then consolidated for a week with a re-awakening of bullish momentum in the past prior trading day. From here, I believe that UBER is ready for potential push to an ATH and gain buying pressure along that way perhaps accelerated by short sellers liquidating their positions. I will take a long trade here of both shares and call options.
NYSE:UBERLong
by AwesomeAvani
UBER Stock Chart Fibonacci Analysis 021824Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:UBER
by fibonacci6180
Uber's Bold Move: A $7 Billion Share BuybackUber Technologies (NYSE: NYSE:UBER ) has announced its maiden $7 billion share buyback program, marking a pivotal moment for the tech giant. This strategic decision comes hot on the heels of Uber's remarkable rebound, showcasing its resilience and adaptability in the face of adversity. Following a tumultuous period induced by the pandemic, Uber ( NYSE:UBER ) has emerged stronger than ever, bolstered by a robust recovery in its ride-share segment and sustained growth in its food delivery business. The company's stock, which soared by over 100% last year, surged an additional 8% to $74.75 upon the announcement of the buyback, reflecting investor enthusiasm and confidence in Uber's trajectory. Uber's Chief Financial Officer, Prashanth Mahendra-Rajah, aptly described the share repurchase program as a "vote of confidence in the company's strong financial momentum." This move underscores Uber's commitment to delivering value to its shareholders while capitalizing on its newfound profitability. Looking ahead, Uber ( NYSE:UBER ) projects impressive growth metrics over the next three years, with expectations of mid to high teens percentage growth in gross bookings and a striking high 30s to 40% growth in adjusted core profit. Moreover, the company anticipates maintaining a free cash flow of 90% or higher annually, further solidifying its financial foundation. Thomas Hayes, chairman of hedge fund Great Hill Capital, hailed Uber's decision as a testament to its operational prowess and the surging demand for its services. He noted, "Uber is hitting on all cylinders and has decided it's time to return capital back to the owners. It's a vote of confidence in demand for their services as well as operational discipline perfectly executed by CEO Dara Khosrowshahi." The buyback program, which is expected to reduce Uber's share count by up to 5%, has been met with widespread acclaim from investors. This move not only signifies Uber's bullish outlook on its future prospects but also underscores its commitment to enhancing shareholder value. The resurgence of the ride-share market, coupled with Uber's landmark achievement of posting its first annual net profit since going public in 2019, underscores the company's remarkable turnaround. With a staggering free cash flow of $3.4 billion in 2023, compared to $390 million the previous year, Uber is undoubtedly on a trajectory of unprecedented growth and success. In conclusion, Uber's $7 billion share buyback initiative encapsulates its unwavering confidence in its ability to deliver sustainable growth and create long-term value for its shareholders. As the company continues to innovate and expand its global footprint, this bold move serves as a testament to Uber's resilience, adaptability, and unwavering commitment to driving shareholder returns in an ever-evolving landscape.
NYSE:UBERLong
by DEXWireNews