Latest news with #DaraKhosrowshahi
Time of India
5 days ago
- Business
- Time of India
Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe
Corner Office Conversation is The Economic Times' flagship interview podcast featuring unfiltered, one-on-one conversations with some of India and the world's most powerful business leaders. Hosted by ET's top journalists and editors, this fortnightly show goes beyond headlines and press releases to explore how CEOs and founders think, decide, and lead in an era of disruption. From Marc Benioff (Salesforce), Dara Khosrowshahi (Uber), and Roland Busch (Siemens) to Adar Poonawalla (Serum Institute ...Read More ), Suresh Narayanan (Nestlé India), and Ravi Kumar S (Cognizant), these conversations uncover personal leadership playbooks, global strategy pivots, lessons from failures, and bold visions for the future — across industries like tech, healthcare, manufacturing, finance, and consumer goods. New episodes drop alternate Monday. ...Read Less
Los Angeles Times
7 days ago
- Automotive
- Los Angeles Times
Uber partnering with Lucid, Nuro to launch robotaxis in 2026
Uber Technologies Inc. is teaming up with electric vehicle maker Lucid Group Inc. and self-driving tech startup Nuro to launch a robotaxi fleet. Uber announced Thursday it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years. The ride-sharing company also announced it's making separate multi-hundred-million dollar investments in both Lucid and Nuro. That funding will include $300 million for Lucid that will be used in part to upgrade to its assembly line to integrate Nuro hardware into the Gravity vehicles, according to the EV company. Separately, Lucid also said it plans a 1-for-10 reverse stock split, subject to shareholder approval. The Lucid-Nuro deal adds to more than a dozen partnerships that Uber has announced with autonomous vehicle tech developers and carmakers, including Waymo and Volkswagen Group of America, as it aims to be the go-to commercial app for robotaxis. Earlier this week, Uber announced a partnership with Chinese AV maker Baidu to deploy robotaxis in several non-US markets. Currently autonomous rides are available through the Uber app in Phoenix, Austin, Atlanta and Abu Dhabi. The substantial investments by Uber further underscore its strategy shift away from developing autonomous technology in-house, as it did under co-founder and former Chief Executive Officer Travis Kalanick, in favor of partnering with and investing in firms that specialize in AV. Uber has monetized some of its equity stakes in firms such as autonomous freight company Aurora Innovation Inc. to fund future investments in the driverless ecosystem, CEO Dara Khosrowshahi has said. Competition is intensifying in the still-nascent robotaxi market, with EV giant Tesla Inc. rolling out its long-promised service in Austin last month and CEO Elon Musk pledging to expand to other cities. Uber first partnered with Nuro in 2022 on food delivery robots. The following year Nuro pivoted from building and scaling custom AVs to focusing on developing autonomous software. The Uber partnership also adds a notable customer for Lucid, one of the few pure play EV makers in the US, as it works to popularize Gravity, its second vehicle model. The company has been working to amp up production and deliveries, and has estimated it will produce 20,000 vehicles in 2025, more than double the year before. Prototype robotaxis developed by Lucid and Nuro are already in operation on Nuro's Las Vegas closed-circuit testing grounds. Lucid interim CEO Marc Winterhoff said Uber chose its SUV because the company can integrate the necessary hardware at its factory. Nuro's software will be added once Uber receives the vehicles. Winterhoff had said in a call with investors in May that the company was in advanced discussions with partners about using Gravity for autonomous vehicle purposes. 'This is a stepping stone on our journey to expand our tech leadership from electric vehicles and licensing into partnerships in other areas,' Winterhoff told Bloomberg this week. 'A lot can happen in six years. I really see this as the first starting point.' Lucid also has been working on advanced driver systems and announced earlier this year that it had partnered with King Abdullah University of Science and Technology in Saudi Arabia. Winterhoff said the company still plans to work on its own autonomous and driver assistance technology. This week Lucid separately announced it's adding hands-free drive and lane change assist to its software suite. Carlson and Lung write for Bloomberg.
Yahoo
7 days ago
- Automotive
- Yahoo
Are Uber's AV Partnerships a Catalyst for Future Returns?
Recently, Uber Technologies UBER signed a deal with China's internet giant Baidu BIDU as part of its efforts to tap into the rapidly evolving autonomous delivery space. Through the deal, China's company aims to launch its driverless cars on the ride-hailing app, Uber, in Asia and the Middle East this year. The collaboration unites Baidu's cutting-edge AI capabilities with Uber's unmatched distribution power. The multi-year partnership will see thousands of Baidu's Apollo Go autonomous vehicles (AVs) on the Uber platform across multiple global markets outside of the United States and mainland China. By bringing Baidu's advanced AVs onto Uber's extensive network, the collaboration focuses on increasing the supply of affordable and reliable ridesharing options, thereby showing its customer-friendly face. After launch, if a rider requests a qualifying Uber trip, the person may be presented with the option to have the trip fulfilled by a fully driverless Apollo Go AV. Expressing delight at the development, Uber's CEO Dara Khosrowshahi stated, 'This partnership brings together two of the world's most iconic technology companies to help shape the future of mobility.' In another robotaxi-related development, Uber partnered with Lucid Group LCID and self-driving start-up Nuro. Following the deal, at least 20,000 self-driving Lucid vehicles armed with Nuro's autonomous driving software will be added to Uber's network over the next six years in exchange for the latter's substantial investment in both companies. The above deals highlight Uber's asset-light approach through strategic partnerships to gain a stronghold in the evolving and highly lucrative robotaxi market. These agreements underscore Uber's commitment to integrating cutting-edge AV technologies into its platform. With this approach, Uber has avoided the massive R&D costs associated with developing autonomous systems independently. Uber's dominant market share in the ride-hailing industry also gives it a unique advantage. With its vast network of drivers and customers, Uber can quickly scale autonomous services once the technology matures. Its app is designed to integrate AVs from multiple partners, giving users a variety of options. Uber's strategy of leveraging external expertise could prove to be very effective as it aims to gain a stronghold in the robotaxi ride-hailing market, offering massive growth opportunities. The race to deploy robotaxis at scale is set to reshape transportation. Uber's AV ambitions are gaining real-world traction through scalable, cross-market deployments. While macro risks and regulatory scrutiny remain, Uber's ability to scale both core businesses (mobility and delivery) and emerging automation initiatives positions it well for long-term growth. Uber is focused on unlocking growth in suburban and low-density markets. Uber's Price Performance, Valuation and Estimates Shares of UBER have gained 50.1% so far this year against the Zacks Internet-Services industry's 1.4% decline in the same timeframe. Image Source: Zacks Investment Research From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 3.45X. UBER is inexpensive compared with its industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for UBER's 2025 and 2026 earnings has been revised upward over the past 60 days. Image Source: Zacks Investment Research UBER's Zacks Rank UBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baidu, Inc. (BIDU) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Lucid Group, Inc. (LCID) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
3 Strategic Growth Levers Powering Uber's Next Chapter
Key Points Uber's core markets are still underpenetrated. New revenue streams like Uber Ads and Uber One are scaling fast. Uber's making a long-term bet on its autonomous strategy. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) has come a long way from its cash-burning days. In 2023, the company reached a long-awaited milestone: profitability according to generally accepted accounting principles (GAAP). Better still, it sustained its profitability into 2024, further cementing its position as an emerging technology giant. But it's not stopping there. Under CEO Dara Khosrowshahi, the company aims to leverage its strengths to deliver sustainable growth in the coming years. Here are three strategic growth levers that could define Uber's next chapter. 1. Deepening penetration in existing services Uber's core businesses -- mobility and delivery -- are both profitable and still underpenetrated in many markets. As these businesses scale further, Uber's ability to grow within its existing footprint could be a powerful profit driver. For example, in mobility, Uber can increase trips per active user, especially in suburban and international markets. In delivery, it can grow order frequencies and basket sizes and expand into higher-value verticals like grocery and retail. To this end, Uber One -- Uber's Amazon Prime-like membership program -- plays an important role in improving customer retention and wallet share. By offering a variety of perks across multiple services, Uber One gives customers strong incentives to increase usage -- whether it's rides, food, groceries, or parcels. What makes this strategy compelling is the role of operating leverage. With Uber's fixed cost largely unchanged as the platform scales (or grows slower than revenue), the bulk of its incremental revenue tends to flow through to profit. In fact, in the most recent quarter, revenue rose 14% year over year, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 35% and free cash flow surged 66% -- a clear sign that profitability is scaling faster than top-line growth. In short, Uber doesn't need new markets to grow, it just needs existing users to do a little more. 2. Further monetization of its platform With more than 150 million monthly active users across its apps, Uber has something few companies in local commerce have: recurring daily demand and distribution at scale. And it's beginning to monetize that in new ways. For merchants, Uber Ads is becoming an important way to advertise their products and attract new potential customers. Merchants can pay for visibility across various services within the Uber app, be it in Uber Ride or Uber Eats. To put the opportunity into perspective, Uber announced that its advertising revenue had surpassed the $1.5 billion annual run rate in the first quarter of 2025. On the consumer side, Uber One is another key monetization lever. With 19 million members, there's still significant headroom for growth. In addition to recurring subscription revenue, these members tend to spend more frequently across multiple services -- a win for both user engagement and unit economics. More importantly, these monetization layers likely carry much higher margins than core transactions and could meaningfully expand Uber's blended profitability over time. 3. Betting on autonomous -- ride-hailing and delivery Uber has long envisioned a world where autonomous vehicles power its platform. Although it sold off its internal self-driving unit early on, the company has shifted toward a partnership-first strategy. Today, Uber is partnering with 18 autonomous vehicle (AV) companies, including Waymo and WeRide. Autonomous rides on Uber's platform are now pacing toward an annualized run rate of 1.5 million trips -- still small but growing steadily. Plus, outside of mobility, Uber is expanding autonomous deliveries to more U.S. cities with its partners, such as Coco in Chicago and Miami, Serve in Miami and Dallas, and Avride in Jersey City. While full-scale AV adoption may be years away, Uber is positioning itself as a distribution layer for autonomy. If robotaxis and autonomous delivery scale in the future, Uber could benefit without bearing the capital burden. What it means for investors Uber has already proven it can scale. Now, it's focused on monetizing that scale more efficiently. As the company deepens penetration in its core businesses, unlocks new monetization opportunities, and positions itself for a long-term autonomous future, Uber has multiple levers to sustain and grow its profits. With a maturing business model, rising free cash flow, and optionality in next-gen mobility, Uber is quietly transitioning from a growth story into a profitable compounder. Do the experts think Uber Technologies is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Uber Technologies make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,058% vs. just 179% for the S&P — that is beating the market by 878.83%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Uber Technologies. The Motley Fool has a disclosure policy. 3 Strategic Growth Levers Powering Uber's Next Chapter was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
18-07-2025
- Business
- Globe and Mail
3 Strategic Growth Levers Powering Uber's Next Chapter
Key Points Uber's core markets are still underpenetrated. New revenue streams like Uber Ads and Uber One are scaling fast. Uber's making a long-term bet on its autonomous strategy. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) has come a long way from its cash-burning days. In 2023, the company reached a long-awaited milestone: profitability according to generally accepted accounting principles (GAAP). Better still, it sustained its profitability into 2024, further cementing its position as an emerging technology giant. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » But it's not stopping there. Under CEO Dara Khosrowshahi, the company aims to leverage its strengths to deliver sustainable growth in the coming years. Here are three strategic growth levers that could define Uber's next chapter. 1. Deepening penetration in existing services Uber's core businesses -- mobility and delivery -- are both profitable and still underpenetrated in many markets. As these businesses scale further, Uber's ability to grow within its existing footprint could be a powerful profit driver. For example, in mobility, Uber can increase trips per active user, especially in suburban and international markets. In delivery, it can grow order frequencies and basket sizes and expand into higher-value verticals like grocery and retail. To this end, Uber One -- Uber's Amazon Prime-like membership program -- plays an important role in improving customer retention and wallet share. By offering a variety of perks across multiple services, Uber One gives customers strong incentives to increase usage -- whether it's rides, food, groceries, or parcels. What makes this strategy compelling is the role of operating leverage. With Uber's fixed cost largely unchanged as the platform scales (or grows slower than revenue), the bulk of its incremental revenue tends to flow through to profit. In fact, in the most recent quarter, revenue rose 14% year over year, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 35% and free cash flow surged 66% -- a clear sign that profitability is scaling faster than top-line growth. In short, Uber doesn't need new markets to grow, it just needs existing users to do a little more. 2. Further monetization of its platform With more than 150 million monthly active users across its apps, Uber has something few companies in local commerce have: recurring daily demand and distribution at scale. And it's beginning to monetize that in new ways. For merchants, Uber Ads is becoming an important way to advertise their products and attract new potential customers. Merchants can pay for visibility across various services within the Uber app, be it in Uber Ride or Uber Eats. To put the opportunity into perspective, Uber announced that its advertising revenue had surpassed the $1.5 billion annual run rate in the first quarter of 2025. On the consumer side, Uber One is another key monetization lever. With 19 million members, there's still significant headroom for growth. In addition to recurring subscription revenue, these members tend to spend more frequently across multiple services -- a win for both user engagement and unit economics. More importantly, these monetization layers likely carry much higher margins than core transactions and could meaningfully expand Uber's blended profitability over time. 3. Betting on autonomous -- ride-hailing and delivery Uber has long envisioned a world where autonomous vehicles power its platform. Although it sold off its internal self-driving unit early on, the company has shifted toward a partnership-first strategy. Today, Uber is partnering with 18 autonomous vehicle (AV) companies, including Waymo and WeRide. Autonomous rides on Uber's platform are now pacing toward an annualized run rate of 1.5 million trips -- still small but growing steadily. Plus, outside of mobility, Uber is expanding autonomous deliveries to more U.S. cities with its partners, such as Coco in Chicago and Miami, Serve in Miami and Dallas, and Avride in Jersey City. While full-scale AV adoption may be years away, Uber is positioning itself as a distribution layer for autonomy. If robotaxis and autonomous delivery scale in the future, Uber could benefit without bearing the capital burden. What it means for investors Uber has already proven it can scale. Now, it's focused on monetizing that scale more efficiently. As the company deepens penetration in its core businesses, unlocks new monetization opportunities, and positions itself for a long-term autonomous future, Uber has multiple levers to sustain and grow its profits. With a maturing business model, rising free cash flow, and optionality in next-gen mobility, Uber is quietly transitioning from a growth story into a profitable compounder. Should you invest $1,000 in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
