Uber to shutter most of its service in Belgium tomorrow after court ruling

Uber will halt its ride-hailing service in most of Belgium tomorrow following a court ruling Wednesday that extends a 2015 order banning its p2p UberPop service to also cover professional drivers providing its ride-hailing service. Uber told us that it is studying the detail of the ruling to decide whether to appeal the decision with …

Uber One bundles rides, deliveries, and food for $50 per year

Uber is no stranger to subscriptions, offering Amazon Prime-style benefits for a monthly fee since 2018. Today, the company is rolling out its latest, dubbed Uber One, which is aimed at highlighting the company’s post-pandemic shift to food and grocery delivery. For $9.99 a month or $49.99 a year, Uber One members will get access to …

Olo, Uber Expand Restaurant Delivery Fulfillment to Include Alcohol

Olo, which works in on-demand commerce for restaurants, is working alongside Uber to integrate tech to help restaurants expand, a press release says. Uber will put its Uber Direct tech into Dispatch, the delivery fulfillment solution from Olo. That will make efficient delivery technology available. “Through the expansion of our partnership with Uber, we are now able …

Uber Freight Partners with Marqeta and Branch to Offer Faster Payments and Fuel Rewards for Carriers

LAS VEGAS–(BUSINESS WIRE)–On stage at Money 20/20, Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced it is partnering with Branch, a leading workforce payments platform, and Uber Freight to bring fast, reliable payments and carrier-first financial services to the logistics and transportation industries. “Uber Freight is not only offering carriers greater customization and visibility in the load …

GetSwift Partners with Uber

GetSwift Technologies Limited (NEO: GSW) (“GetSwift” or the “Company”) is pleased to announce that today it has signed a partnership agreement with Uber Technologies, Inc (“Uber”) to integrate and offer a suite of best-in-class products and services. With this partnership, when fully deployed and integrated, both existing and new clients across the United States, and expected later …

Uber Says It’s on Track to Maybe Make a Fake Profit

Uber says it’s set to break even or make an operating profit for the first time ever ahead of schedule—you know, on paper, so long as you squint your eyes at the books in the Uber-approved way. According to Reuters, Uber said on Tuesday that it expects to break even this quarter, according to its definition of “adjusted …

Uber’s profitability rides on Eats

WASHINGTON, Sept 21 (Reuters Breakingviews) – Uber Technologies’ (UBER.N) sooner-than-expected profitability depends on what’s under the hood read more . The company said on Tuesday its adjusted EBITDA could be as much as $25 million in the third quarter, sending the company’s shares up more than 6% in morning trading. But the details are important, and they are not disclosed. The …

Uber Announces Results for Second Quarter 2021

Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2021. Financial Highlights for Second Quarter 2021 Gross Bookings grew 114% year-over-year (“YoY”) to $21.9 billion, or 104% on a constant currency basis, with Mobility Gross Bookings of $8.6 billion (+184% YoY) and Delivery Gross Bookings of $12.9 billion (+85% …

Uber beats estimates, but core business loses $509 million in Q2

Uber beat estimates on the top and bottom line and turned an unexpected one-time profit during the second quarter. Shares dipped more than 4% in after-hours trading. Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv: Earnings per share: 58 cents vs. an expected loss of 51 cents Revenue: $3.93 billion vs. $3.75 billion expected …

Uber to buy a company that makes software to manage shipping for $2.25 billion

Uber Freight, the rideshare company’s trucking division, said Thursday it’s acquiring Transplace in a deal that values the transportation logistics company at $2.25 billion. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. The deal consists of up to $750 million in common stock of Uber and …