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Uber's bookings growth - a key measure of ridership for online taxi operators - slowed to a more than one-year low in the third quarter of this year

Uber slides as slowing bookings growth spooks investors

Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down nearly 8%.

Business • 31 Oct 24

Uber has posted its first annual net profit last year since the company went public in 2019

Uber announces $7bn buyback after first profitable year

Uber Technologies said today it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in lift-share and healthy demand at its food delivery business.

Business • 14 Feb 24

The number of drivers and delivery agents on Uber's platform rose 31% to an all-time high of almost 5 million

Uber turns cash flow positive for the first time

Uber Technologies has today reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its lift-hailing and food-delivery services.

Business • 02 Aug 22

Uber shares have more than halved in value over the past year.

Uber slips on report it breached laws

Shares of Uber fell 2.3% in premarket trading, after a Guardian report on Sunday said the ride-hailing giant had breached the law and taxi regulations and secretly lobbied governments in its global expansion.

Business • 11 Jul 22

Uber also today raised its forecast for third-quarter gross bookings

Uber forecasts first-ever adjusted profit

Uber Technologies could post its first profit on an adjusted basis in the current quarter, its chief financial officer said today, sending the lift hailing company's shares up nearly 7% in premarket trading.

Business • 21 Sep 21

Uber Technologies sells its flying taxi unit to Joby Aviation

Joby Aviation takes over Uber's air taxi business

Joby Aviation, an electric passenger aircraft developer, said it would take over Uber Technologies' flying taxi unit, Elevate, the second cash-burning business the lift-hailing company has sold off in two days.

Business • 09 Dec 20

Uber Technologies agrees deal for its autonomous driving unit, Uber Advanced Technologies Group (ATG)

Uber sells ATG self-driving business to Aurora

Uber Technologies is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, in a move that would accelerate the lift-sharing company's goal to achieve profitability.

Business • 08 Dec 20

Postmates operates in 4,200 US cities delivering food and other products from restaurants and shops to customers' doorstep

Uber to buy Postmates in $2.65 billion stock deal

Uber Technologies said today it would buy Postmates in a $2.65 billion deal, looking to expand its reach into the food-delivery market as the coronavirus crisis upends its core lift-hailing business.

Business • 06 Jul 20

Jack Ma has said he is departing the SoftBank board

SoftBank Vision Fund posts $18 billion operating loss

Japan's SoftBank Group has today reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its largest-ever loss.

Business • 18 May 20

Uber's chief executive Dara Khosrowshahi said he won't take his base salary for the rest of 2020

Uber to cut 3,700 jobs, CEO to waive base salary

Uber Technologies will cut about 3,700 full-time jobs and chief executive Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said today.

Business • 06 May 20

Uber's costs jumped about 33% to $4.92 billion in the third quarter

Uber's quarterly loss widens as costs rise

Uber Technologies last night posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures.

Business • 05 Nov 19

Uber said it lost $3.03 billion in 2018 from operations.

Uber unveils IPO but warns it may never make a profit

Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the lift-hailing company has said in its IPO filing.

Business • 12 Apr 19

Uber CEO Dara Khosrowshahi is tasked with convincing investors he has successfully changed the company's culture and business practices

Uber plans to sell $10 billion worth of stock in IPO

Uber Technologies has decided it will seek to sell around $10 billion worth of stock in its initial public offering.

Business • 10 Apr 19

Lyft raised its IPO price range to between $70-$72 a share, meaning it is now targeting a valuation of up to $24.3 billion

Lyft ups IPO target as investors fret over missing out

Lyft has raised the price range for its initial public offering, as investors looked past the lift-hailing startup's mounting losses to the company's growing market share against larger rival Uber Technologies.

Business • 28 Mar 19

The San Francisco-based firm lost $1.07 billion for the three months ending September 30, a 20% increase from the previous quarter

Uber posts $1 billion quarterly loss on slower bookings

Uber Technologies said that growth in bookings for its lift-hailing and delivery services rose 6% in the latest quarter.

Business • 15 Nov 18

Uber Technologies agrees deal with rival Grab

Uber sells Southeast Asia business to Grab

Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, marking the US company's second retreat from an Asian market.

Business • 26 Mar 18

Travis Kalanick's resignation comes after an investigation led by former US Attorney General Eric Holder

Uber's chief executive Kalanick resigns

Uber Technologies' chief executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned today under pressure from investors after a string of setbacks.

Business • 21 Jun 17

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