Uber Q1 Net Loss Sharply Widens

Uber In Deal To Offer Turo Vehicles Through Uber Rent

Rideshare and delivery network company Uber Technologies, Inc. has teamed with Turo, Inc., the world's largest peer-to-peer car sharing marketplace, for a multi-year partnership to offer Turo vehicles through Uber Rent platform beginning in early 2025. Millions of Uber customers throughout the U.S., Canada, France, the United Kingdom, and Australia will be able to rent from Turo vehicles...

RTTNews | 41 days ago

Uber In Deal With GM's Cruise To Offer Robotaxis Next Year

Uber Technologies, Inc. and Cruise LLC, the autonomous vehicle company owned by General Motors Co., are joining to offer Cruise autonomous vehicles through the Uber platform. The companies, which are revolutionizing transportation, agreed on a multiyear strategic partnership that will be launched next year. Under the deal, a number of Chevy Bolt-based autonomous vehicles will be offered for...

RTTNews | 54 days ago

Uber Stock Up As Q2 Beats Market, Sees Higher Q3 Earnings

Shares of Uber Technologies, Inc. were gaining more than 7 percent in the morning trading on the NYSE after the transportation company reported Tuesday higher second-quarter profit and revenues, both above market estimates, benefited by increased gross bookings. The company also issued third-quarter outlook, expecting strong growth in adjusted EBITDA and gross bookings.

RTTNews | 71 days ago

Uber And BYD Ink Multi-Year Partnership To Bring 100K BYD EVs To Uber Platform Worldwide

Uber Technologies, Inc. (UBER) and Chinese EV maker BYD Co. Ltd. (BYDDF.PK) announced Wednesday a multi-year strategic partnership that will bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets.

RTTNews | 77 days ago

Uber, Lyft Settle With Massachusetts AG To Pay $175 Mln, Minimum Pay To Drivers

Rideshare and delivery network companies Uber Technologies, Inc. and Lyft, Inc. have agreed to a minimum pay standard of $32.50 per hour to its drivers, in a lawsuit settlement with Massachusetts Attorney General. The drivers are also entitled to a suite of benefits and protections. The companies also agreed to pay a combined total of $175 million to the state to resolve allegations...

RTTNews | 110 days ago

Uber Partners St. Louis-based Save A Lot For Grocery Delivery Across 32 US States

Uber Technologies, Inc. (UBER) announced Tuesday a new partnership with St. Louis-based discount grocery store chain Save A Lot, one of the country's largest discount grocers with more than 600 independently owned grocery locations, which will be serviceable by Uber across 32 U.S. states.

RTTNews | 120 days ago

Uber Eats Partners Blitz Motors In London For Sustainable Food Delivery

Food delivery platform Uber Eats announced Wednesday a partnership with Blitz Motors, a smart electric moped supplier, to revolutionize last-mile delivery services in London and accelerate its commitment to sustainability and transformation.

RTTNews | 154 days ago

Uber Q1 Net Loss Sharply Widens, Misses Estimates

Ride-hailing and delivery platform Uber Technologies, Inc. (UBER) reported Wednesday a net loss for the first quarter that sharply widened from last year, hurt by a huge net unrealized loss related to the revaluation of Uber's equity investments. Loss per share for the quarter missed analysts' expectations, while quarterly revenues topped it.

RTTNews | 161 days ago

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