Uber Technologies (NYSE:UBER) Expands Autonomous Vehicle Partnerships

Simply Wall St.
06 Apr

Uber Technologies (NYSE:UBER) has been active with numerous partnerships and expansions, such as collaborating with WeRide and Dubai's RTA to introduce autonomous vehicles, and expanding Coco Robotics for delivery in Miami. Despite these efforts, the stock showed a flat price movement in the last quarter. This stability contrasts with the broader market's sharp decline due to tariff-induced turmoil, as major indices like the Dow and Nasdaq saw significant drops. Uber's American business developments, such as partner integrations on Uber Eats and potential acquisitions, reveal its consistent strategy in technology and market expansion amidst a volatile trading environment.

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NYSE:UBER Earnings Per Share Growth as at Apr 2025

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Over the past five years, Uber Technologies has delivered a total shareholder return of 138.36%. This significant growth reflects various factors contributing to Uber’s market position. The company’s focus on autonomous vehicle technology and fleet electrification has been key in enhancing revenue streams and reducing operational costs. Since early 2025, Uber has expanded its delivery service partnerships, including adding Coco Robotics in Miami, which aligns with their vision of emissions-free deliveries. Meanwhile, Uber's acquisition discussions, notably with Blu-Smart Mobility, could enhance their footprint in electric mobility in India, indicating a broadened market access.

Additionally, the major jump in Uber’s net income for the 2024 fiscal year, reported at US$9.86 billion compared to US$1.89 billion in the previous year, underscores financial strengths likely influencing long-term investor confidence. Although the broader US market declined 3.3% over the past year, Uber's performance was in sync with the US Transportation industry, maintaining stable market presence during the tumultuous period.

Gain insights into Uber Technologies' historical outcomes by reviewing our past performance report.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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