Latest news with #UberTeen
Yahoo
07-05-2025
- Business
- Yahoo
Ahead Of Uber Earnings, Analyst Raises Forecast
BofA Securities analyst Justin Post maintained a Buy rating on Uber Technologies, Inc (NYSE:UBER) with a price target of $96, up from $95 on Sunday. Uber will report its quarterly earnings results on May 7 before the market opens. For the first quarter, Post's bookings and revenue estimates were $43.5 billion, and $11.73 billion were higher than the Street estimates of $42.9 billion and $11.62 billion. Also Read: Autonomous Ride-Hailing Just Got Real: VW And Uber Reveal First US City The analysts' EBITDA estimate of $1.89 billion was higher than Street's estimate of $1.84 billion. He noted that Instacart's results and stable growth outlook were positive for Uber Delivery in the U.S. For Mobility, Post projected bookings growth of 21% ex-foreign-exchange, which is more of a deceleration than BAC card data, which indicates Online Transit spend was stable sequentially. Post remained constructive on New Verticals' contribution to growth as Uber invests into new customers and products like Uber Teen or autonomous vehicles. However, the analyst recently flagged some softer TSA data on U.S. airport activity, so U.S. travel-related trips on Uber could see some modest near-term pressure. Post also noted that U.S. Rideshare industry pricing data from Bloomberg has pointed to a deceleration in Uber ride pricing. The analyst projected stable 18% ex-foreign exchange growth for Delivery, while BAC card data suggests Online Delivery growth decelerated 1 point versus the fourth quarter. He is constructive on Uber's Grocery & Retail segment, which is estimated to add 2 points to growth in the first quarter as Uber signs deals with brands previously reluctant to partner with 3P apps. Post expects the tone on autonomous vehicles to be very constructive. Waymos launched exclusively on the Uber app in Austin at the beginning of March. Uber handles matching and fleet management services, while Waymo operates in-car software and roadside assistance. Early data coming out of Austin and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's recent earnings call comments suggest the ramp is going well, but noted that Uber may also be leaning into tools to boost autonomous vehicle adoption. Post also expects Uber to highlight its recent partnership with Volkswagen (OTC:VWAGY) to deploy autonomous vehicles across multiple cities, starting in Los Angeles. Volkswagen's AV, 'ID. Buzz,' will begin testing in late 2025, with plans to offer rides to the public on Uber in 2026. The partnership is Uber's first major auto OEM partner, which can provide large-scale manufacturing capability that goes far beyond software-focused partners.
Hi Dubai
27-02-2025
- Business
- Hi Dubai
Uber Launches Uber School in Collaboration with RTA to Simplify Student Transport in Dubai
With the school year in full swing, Uber, in partnership with Dubai's Roads & Transport Authority (RTA), has introduced Uber School—a convenient and affordable transport solution designed for students aged 8 and above. Integrated into Uber Teens accounts, this new service simplifies daily commutes, offering families a safe, flexible, and cost-effective way to navigate school schedules. A Smarter Way to Commute Uber School operates exclusively between 6 AM and 6 PM, aligning with regular school hours and extracurricular activities. The service includes: Up to 35% savings on daily transport costs when booking 10 or more trips per week . on daily transport costs when booking . Real-time ride tracking , allowing parents to monitor every journey. , allowing parents to monitor every journey. Enhanced safety features, including PIN verification, driver and vehicle details, and optional audio recording for additional security. Carine Arif, Head of Communications, MENA at Uber, highlighted the initiative's focus on affordability and reliability: "We designed Uber School with students in mind, ensuring an affordable, efficient, and reliable commuting solution with enhanced safety features. Whether students are traveling to or from school, parents can have peace of mind with real-time trip tracking and notifications at every step." How to Sign Up for Uber School Set up an Uber Teen account via the Uber app by navigating to Account > Family and Teens > Invite Child. The student completes a mandatory safety onboarding process. To activate Uber School, parents fill out a registration form. Once approved, Uber School rides can be requested through the Uber app. RTA's Commitment to Advancing School Transportation Adel Shakeri, Director of Planning and Business Development at RTA, emphasized the significance of this collaboration: "We are pleased to partner with Uber, a globally trusted ride-hailing provider, to introduce a vital and reliable service for school students and their families in Dubai." Shakeri added that school transport is a critical part of Dubai's education system, ensuring both student safety and parental peace of mind. He affirmed RTA's ongoing efforts to enhance and diversify school transport options, positioning Uber School as a valuable addition to the sector. A Reliable Partner for Parents With Dubai's growing student population and increasingly busy schedules, Uber School provides a practical, stress-free, and affordable solution for school commutes. This initiative aligns with Uber's mission to reimagine mobility, offering safer, more efficient, and convenient transportation for families across the emirate. News Source: Gambit Communications
