Uber reports Q2 revenue up 12% YoY to $14.19B, below $14.24B est., Gross Bookings up 24% to $58B, and forecasts Q3 adjusted EPS below estimates; UBER drops 5%
Uber reports Q2 revenue up 12% YoY to $14.19B, below $14.24B est., Gross Bookings up 24% to $58B, and forecasts Q3 adjusted EPS below estimates; UBER drops 6%+
Lora Kolodny /CNBC:
Uber CEO Dara Khosrowshahi says the company plans to spend $10B+ “over the coming years” to deploy 120K driverless vehicles, aiming to be in 15+ cities in 2026
Chief Dara Khosrowshahi lauds strong bookings and record cash flow as company seeks to fund costly AV push
Lime's shares closed up 4% in its Nasdaq debut on Wednesday, valuing the company at ~$1.7B, after Lime and existing stockholders raised ~$174M in its US IPO
Uber-backed (UBER.N) Lime's (LIME.O) shares rose 4% in its Nasdaq debut on Wednesday, signaling robust investor confidence …
Sources: Uber has committed nearly $500M to self-driving startup Nuro, providing a crucial runway as Nuro works to prove its technology at commercial scale
Sources: Uber has committed nearly $500M to self-driving startup Nuro, providing a crucial runway as Nuro works to prove its technology at commercial scale
Uber (UBER.N) has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters …
US SEC filing: Vanguard marks down Ola Consumer's valuation to ~$70.3M; Ola, which faces intense competition from Uber and Rapido, was valued at $7.3B in 2021
US-based asset management firm Vanguard has sharply marked down the valuation of ride-hailing company Ola Cosumer to approximately $70.3 million …
Cerebras opens at $350, valuing the chipmaker at $100B+, after raising $5.5B by selling 30M shares at $185, the largest US tech IPO since Uber's debut in 2019
Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company's expected range.
Uber reports Q1 revenue up 14% YoY to $13.2B vs. $13.3B est., gross bookings up 25% to $53.7B vs. $52.9B est., forecasts Q2 bookings above est.; UBER jumps 8.5%
Uber reports Q1 revenue up 14% YoY to $13.2B vs. $13.3B est., gross bookings up 25% to $53.7B vs. $52.9B est., forecasts Q2 bookings above est.; UBER jumps 8.5%
Ride-hailing company posts weaker than expected first-quarter revenues but issues optimistic outlook