Latest news with #UberOne
Yahoo
14 hours ago
- Business
- Yahoo
Where Will Uber Technologies Stock Be in 5 Years?
Uber's stock has nearly doubled since its public debut six years ago. It overcame some difficult competitive, macro, and regulatory challenges. Its stock looks reasonably valued relative to its long-term growth potential. 10 stocks we like better than Uber Technologies › Uber (NYSE: UBER), the world's largest ride-hailing service provider, went public six years ago at $45 per share. Its stock slumped below its initial public offering (IPO) price in its first four years as the pandemic throttled its growth and rising rates squeezed its valuations, but it now trades at about $84. Uber's business recovered as its ride-hailing and delivery services continued to expand; it divested its money-losing overseas and autonomous driving units; and it expanded its sticky subscription platform. Will its stock soar even higher over the next five years? Uber is primarily known for its ride-hailing and food delivery services, but it also offers business-oriented services along with bike and scooter rentals. It operates in about 15,000 cities across 70 countries, generating over half of its revenue in the U.S. and Canada. From 2020 to 2024, Uber's number of year-end monthly active platform consumers (MAPCs) rose from 93 million to a record high of 171 million. That figure dipped sequentially to 170 million in the first quarter of 2025, but that still represented 14% growth from a year earlier. Its growth in trips, gross bookings, and revenue stalled out in 2020 as the pandemic forced more people to stay at home. However, it recovered quickly over the following four years as it stayed ahead of its smaller competitors, rolled out new enterprise, healthcare, and teen-oriented services, and expanded its Uber One subscriptions. Metric 2020 2021 2022 2023 2024 Q1 2025 Trips Growth (YOY) (27%) 27% 19% 24% 19% 18% Gross Bookings Growth (YOY) (11%) 56% 19% 19% 18% 14% Revenue Growth (YOY) (14%) 57% 49% 17% 18% 14% Data source: Uber Technologies. YOY = Year over year. Uber One's total number of subscribers rose 60% to 30 million at the end of 2024. The stickiness of that expanding ecosystem boosted its pricing power and take rate (the percentage of each booking it retains as revenue) throughout 2024. Lyft, which operates in fewer markets than Uber, served 44 million annual active customers who used its ride-hailing, scooter, and bike rental services at least once during the year. It had 24.2 million quarterly active riders in the first quarter of 2025. Uber's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also turned positive in 2022 as it divested its unprofitable segments, pruned its workforce, and trimmed its other expenses. It also turned profitable on a generally accepted accounting principles (GAAP) basis in 2023. Its adjusted EBITDA nearly quadrupled from 2022 to 2024, while its GAAP net income increased more than fivefold (driven by a one-time tax benefit and the revaluation of its equity investments) from 2023 to 2024. Uber controls 76% of the U.S. ride-hailing market, according to IncRev. Global Growth Insights estimates that Uber controls 28% of the global market, while its closest competitor, China's Didi -- which Uber also owns a stake in -- holds a 21% share. According to Mordor Intelligence, the global ride-hailing market could grow at a CAGR of 9.6% from 2025 to 2030. Grand View Research expects the global food delivery market to expand at a compound annual growth rate (CAGR) of 9.4% during those five years. Based on those estimates, Uber could grow its revenue and adjusted EBITDA at a CAGR of 10% over the following five years. If that happens, its revenue will rise from an estimated $50.6 billion in 2025 to $81.5 billion in 2030. Its adjusted EBITDA would increase from an estimated $8.6 billion this year to $13.9 billion. With an enterprise value (EV) of $173.6 billion, Uber looks reasonably valued at 20 times this year's adjusted EBITDA. It still faces competitive and regulatory challenges in certain markets, but its brand recognition and economies of scale should fuel its long-term growth. If Uber maintains that same EV/EBITDA ratio, its valuation and stock price could rise about 60% over the next five years. That would be a solid gain that would keep it ahead of the S&P 500, which has delivered an average annual return of about 10% since its inception, and make it a great long-term play on the ride-hailing and delivery markets. Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 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 $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. 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NBC News
a day ago
- Business
- NBC News
Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company's longest-tenured top executives and the head of is delivery business is leaving after almost 13 years. Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to his LinkedIn profile. He was named senior vice president of delivery in 2021. 'It's hard to imagine Uber without Pierre, because there hasn't been much Uber without Pierre,' CEO Dara Khosrowshahi said in a statement that was part of a regulatory filing. 'As one of our first employees, he was a driving force behind our global Mobility expansion and stepped up to run Uber Eats just weeks before the first Covid lockdowns.' The company didn't say what Gore-Coty plans to do next. Uber also said that Andrew Macdonald, the company's senior vice president of mobility and business operations, will become chief operating officer, reporting to Khosrowshahi. Macdonald, 41, will oversee the company's global mobility, delivery and autonomous businesses in addition to 'key cross-platform functions like membership, customer support, safety, and more,' the filing said. Gore-Coty is one of 11 people listed on Uber's executive team page. Macdonald is the only one who has worked at the company longer. He joined in May 2012, four months before Gore-Coty, according to LinkedIn. 'These last nearly 13 years have been the ride of a lifetime,' Gore-Coty said in the statement. 'It was a true team effort, and I'm so proud of what we've built and the impact we've had on daily life in cities around the world.' Uber shares were little changed in extended trading after closing on Monday at $83.64. The stock is up 39% this year, while the Nasdaq is about flat. Last month, the company reported first-quarter results that beat on earnings but missed on revenue. A month earlier, the Federal Trade Commission sued Uber, alleging that the company engaged in 'deceptive billing and cancellation practices' related to its Uber One subscription service.
Entrepreneur
27-05-2025
- Automotive
- Entrepreneur
Uber, Rideshares Creating a Decline in Gen Z Drivers
Getting a license used to represent freedom for young drivers. Here's why some Gen Zers are saying no thanks. In 2003, statistics from the U.S. Department of Transportation showed that 45% of eligible people age 19 or under had a driver's license. In 2023, that number has declined to about 33%. Are Gen Zers failing the parallel parking portion of their tests in record numbers? No, the decline in licensed drivers has nothing to do with skill and everything to do with tech, reports Business Insider. Related: 'It Is What It Is': Uber CEO Defends New Return-to-Office Policies at 'Heated' All-Hands Meeting More and more young folks are getting around in Ubers, and see no real reason to get behind the wheel themselves. On a recent conversation on the Decoder podcast, Uber CEO Dara Khosrowshahi revealed that his 18-year-old son is part of the trend. "I'm still trying to get my son to get his driver's license, but Uber's freed him up," Khosrowshahi said. Khosrowshahi explained that for older generations, getting a driver's license meant freedom — you could finally go where you wanted to go without needing a lift from your parents. These days, Uber delivers that same freedom, he said, without the cost of buying a car, insuring it, and keeping it fueled up. Related: Uber's CEO Says Drivers Have About 10 Years Left Before They Will Be Replaced Uber has long billed itself as an alternative to car ownership, and has not been quiet about its efforts to capture the teen demographic. They've offered a version of the app geared at teens since 2023, and their subscription program, Uber One, allows parents to get rides for their kids. Uber's efforts with this demographic and others seem to be paying off. In its 2025 first-quarter investor report, Uber's gross bookings grew 14% year-over-year to $42.8 billion. The company estimates second-quarter gross bookings will reach $45.75 to $47.25 billion.
Yahoo
26-05-2025
- Automotive
- Yahoo
Uber CEO Dara Khosrowshahi's son still hasn't gotten his license and uses ride-hailing instead. He's not alone
Uber has long said its ride-hailing service is an alternative to owning a car. CEO Dara Khosrowshahi said the company's success has affected his own son's transportation habits. Khosrowshahi said on a podcast that young people are putting off getting driver's licenses. Uber's quest to compete with owning a car has come home for CEO Dara Khosrowshahi. Like many young people, Khosrowshahi's son doesn't have his license despite being over 18. The reason: he can get around using the ride-hailing app that his father oversees, the CEO said on an episode of The Verge's Decoder podcast. "I'm still trying to get my son to get his driver's license, but Uber's freed him up," Khosrowshahi said. Uber executives have long said that they view their ride-hailing offering as an alternative to car ownership. Khosrowshahi's son and others like him show how much progress Uber may have made on that front. In 2023, about 33% of eligible drivers aged 19 or under had a license, according to data from the US Department of Transportation. In 2003, it was 45%. Ride-hailing apps like Uber, which was founded in 2009, are one of the reasons for that decline, Khosrowshahi said. "It is absolutely having an effect on car ownership," he said of the company. Uber did not respond to a request for additional comment from Business Insider. Driving is one of a few life milestones for young adults that some members of Gen Z are holding off on reaching, along with their first romantic relationships and entering the workforce. While some are waiting because of personal choice, others say economic realities are limiting what they can achieve. Khosrowshahi also said that the shift away from driving among young people marks a cultural change. For decades, many young people have gotten their driver's licenses as soon as they're old enough to. Podcast host Nilay Patel said that he got his license at 15-and-a-half while growing up in Wisconsin, for instance. "It was a goal in life," Khosrowshahi said. "It represented freedom." Uber started offering a version of its app for teens in 2023. Since then, the company has integrated rides for young people into its broader offering. It now lets parents request rides for their kids as well as share their benefits from Uber One, the company's paid subscription program. In March, Khosrowshahi said at an investor conference that teens were among the "new demographics that we're going after." The company has also introduced a streamlined version of its app for seniors to use. Khosrowshahi said that Uber doesn't keep estimates of how many people — teens or other demographic groups — might have avoided buying a car because they use Uber. But he did say on the podcast that car ownership is still "the big Kahuna" that Uber is targeting with its ride-hailing business. Do you have a story to share about gig work? Contact this reporter at abitter@ or 808-854-4501. Read the original article on Business Insider Sign in to access your portfolio
Business Insider
26-05-2025
- Automotive
- Business Insider
Uber CEO Dara Khosrowshahi's son still hasn't gotten his license and uses ride-hailing instead. He's not alone
Uber 's quest to compete with owning a car has come home for CEO Dara Khosrowshahi. Like many young people, Khosrowshahi's son doesn't have his license despite being over 18. The reason: he can get around using the ride-hailing app that his father oversees, the CEO said on an episode of The Verge's Decoder podcast. "I'm still trying to get my son to get his driver's license, but Uber's freed him up," Khosrowshahi said. Uber executives have long said that they view their ride-hailing offering as an alternative to car ownership. Khosrowshahi's son and others like him show how much progress Uber may have made on that front. In 2023, about 33% of eligible drivers aged 19 or under had a license, according to data from the US Department of Transportation. In 2003, it was 45%. Ride-hailing apps like Uber, which was founded in 2009, are one of the reasons for that decline, Khosrowshahi said. "It is absolutely having an effect on car ownership," he said of the company. Uber did not respond to a request for additional comment from Business Insider. Driving is one of a few life milestones for young adults that some members of Gen Z are holding off on reaching, along with their first romantic relationships and entering the workforce. While some are waiting because of personal choice, others say economic realities are limiting what they can achieve. Khosrowshahi also said that the shift away from driving among young people marks a cultural change. For decades, many young people have gotten their driver's licenses as soon as they're old enough to. Podcast host Nilay Patel said that he got his license at 15-and-a-half while growing up in Wisconsin, for instance. "It was a goal in life," Khosrowshahi said. "It represented freedom." Uber started offering a version of its app for teens in 2023. Since then, the company has integrated rides for young people into its broader offering. It now lets parents request rides for their kids as well as share their benefits from Uber One, the company's paid subscription program. In March, Khosrowshahi said at an investor conference that teens were among the "new demographics that we're going after." The company has also introduced a streamlined version of its app for seniors to use. Khosrowshahi said that Uber doesn't keep estimates of how many people — teens or other demographic groups — might have avoided buying a car because they use Uber. But he did say on the podcast that car ownership is still "the big Kahuna" that Uber is targeting with its ride-hailing business.
