Uber shares slide as slowing bookings growth spooks investors

Oct 31, 2024 · Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its …

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Uber Shares Slide As Slowing Bookings Growth Spooks Investors

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Oct 31, 2024 · Gross bookings for Uber's mobility business grew 26.4%, with user engagement hitting an all-time high. Overall revenue for the third quarter came in at $11.19 billion, beating …

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Uber Shares Plunge 11% As Slowing Bookings Growth Spooks …

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Oct 31, 2024 · Uber Technologies pointed to a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its …

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Uber Shares Slide 8% As Slowing Bookings Growth Spooks Investors

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Oct 31, 2024 · Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its …

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Uber Shares Fall On Weak First-Quarter Gross Bookings Guidance

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1 day ago · Gross bookings, which includes ride hails, delivery orders and driver and merchant earnings but not tips, will be $42 billion to $43.5 billion for the first quarter, Uber said in a …

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Uber Stock Sinks As Operating Income Falls Well Short Of Estimates

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1 day ago · Uber last quarter had guided Q4 gross bookings of $42.75 billion to $44.25 billion and year-over-year trips growth "similar compared to Q3," when they increased 17% to 2.9 billion.

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Why Uber Stock Is Falling After Earnings | Kiplinger

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1 day ago · For the first quarter, Uber said it expects to achieve gross bookings in the range of $42 billion to $43.5 billion, representing growth of 17% to 21% from the year-ago period.

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Uber Stock Falls Despite Strong Q4 Growth. Bookings Outlook, …

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2 days ago · But Uber stock fell as currency headwinds from a strong dollar pushed its guidance for bookings growth below expectations. Uber said early Wednesday that it earned $3.21 per …

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Uber Stock Falls Despite Strong Q4 Growth. Bookings Guide

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But Uber stock fell as currency headwinds from a strong dollar pushed its guidance for bookings growth below expectations. Uber said early Wednesday that it earned $3.21 per share on …

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Uber Stock Regains Grounds After Robotaxi Sell-Off. Here's Why ...

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Dec 12, 2024 · But Wednesday's slide marked the second time the past seven days that Uber stock sold off in response to robotaxi-related news. Shares sank more than 10% last …

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Uber Gross Bookings Growth Slows, Shares Slide - Deccan Herald

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Oct 31, 2024 · Uber gross bookings growth slows, shares slide Gross bookings for the third quarter rose 16.1 per cent to $40.97 billion but missed estimates of $41.24 billion, according to …

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Uber Stock Is Down Despite Reporting 'Strongest Quarter Ever

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1 day ago · Looking ahead, Uber guided for first-quarter gross bookings of $42 billion to $43.5 billion, held in check by an estimated 5.5% headwind to year-over-year growth due to a strong …

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Uber Shares Slide As Slowing Bookings Growth Spooks Investors

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Uber shares slide as slowing bookings growth spooks investors. ... sending its shares down nearly 8%. Bookings growth, a key measure of ridership for online taxi operators, slowed to a more …

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Uber Shares Slide 8% As Slowing Bookings Growth Spooks Investors

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Oct 31, 2024 · Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its …

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Uber Shares Slide 8% As Slowing Bookings Growth Spooks Investors

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Oct 31, 2024 · Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its …

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FAQs about Uber shares slide as slowing bookings growth spooks investors Coupon?

Why did Uber's share price drop 8% in Q4?

Uber Technologies signaled a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down nearly 8%. ...

Why did Uber's stock drop 9% in premarket trading?

Uber Technologies pointed to a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down 9% in premarket trading. ...

Why were Uber shares weighed down in premarket trading?

Play(2min) jetcityimage Uber Technologies (NYSE:UBER) shares were weighed down in Wednesday’s premarket trading as the company’s impressiveQ4 bookings and revenue growth were overshadowed by a slight miss in anticipated bookings growth and adjusted EBITDA for the current quarter. ...

Why did Uber's gross bookings go down 6% in premarket trading?

Uber Technologies 's gross bookings grew at its slowest pace in over a year in a sign that riders were opting for less expensive public transportation over taxis, sending its shares down more than six per cent in premarket trading. ...

Why did Uber's shares fall?

Uber Technologies shares fell after it posted weaker-than-expected bookings for last quarter. The company, which had previously lost money for more than a decade, maintained profitability thanks to better returns from both its equity investments and its ride-hailing and delivery services. Already a WSJ subscriber? Sign in ...

Why has Uber slowed in recent quarters?

Uber's growth has slowed in recent quarters from post-pandemic highs as an uncertain economy and elevated inflation levels weigh on commuters. The company's diversified range of services around the world, which include freight, delivery and ride-hailing, has helped it offset risks in each of the three verticals. ...