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Uber provides a stronger perspective than expected for the current quarter, soothing consumers than us, consumers, spending less on cargo and food delivery despite increasing economic uncertainty under President Donald Trump.
The carpooling application said on Wednesday that raw reservations, a measurement of total customer expenditure in all its commercial units, for the three months ending on June 30, would be between $ 45.8 billion and $ 47.3 billion, compared to the estimates of $ 45.8 billion analysts, according to visible alpha data. His adjusted income forecasts were also ahead of expectations.
“Uber gave a good beginning of the year, in a dizzying context of trade in trade and economic policy,” said CEO Dara Khosrowshahi. He added that the company focused on reducing prices and expanding its partnerships in autonomous vehicles.
Analysts sought signs that American consumers made up expenses in dress and food delivery in higher prices stimulated by price.
Uber said raw reservations increased by 14% to $ 42.8 billion in the first quarter, falling slightly below $ 43 billion expectations, according to visible alpha data.
A strong US dollar struck the raw reservations of around 1.7 billion dollars with the challenge of persisting to a lesser extent during the current quarter, he added.
The latest Uber results occur while the food delivery market and grocery store is in the middle of the consolidation.
Uber Rival Doordash announced its intention to Acquire Deliveroo in London For 2.9 billion pounds sterling on Tuesday, while the prosecution – the European investment branch of the South African group Naspers – concluded an agreement of 4.1 billion euros To take the largest food delivery group in Europe, you just have to eat to take a private takeaway in February.
Uber on Tuesday, Uber announced an agreement to acquire an 85% stake in the Turkish food and grocery delivery platform, Trendyol, goes to $ 700 million.
Khosrowshahi said that autonomous vehicle technology was the “greatest opportunity to come to Uber”. The group has established partnerships at the heart of its approach in the space of autonomous vehicles after having sold its own autonomous research unit in Aurora Innovation in 2020.
Uber has signed 18 agreements worldwide with a suite of suppliers from Robotaxi, car manufacturers and developers of autonomous vehicles, including Volkswagen, China's Pony.ai and Weride, and Wayve based in the United Kingdom.
Khosrowshahi said that its partnership with Alphabet Waymo in Austin, where the company in March began deploying a fleet managed by Autonomous Jaguar I-Pace vehicles, had exceeded its expectations.
Uber manages and dispatches about 100 vehicles in Austin, with plans to deploy hundreds in the coming months as well as the launch in Atlanta in summer.
“Uber's scale is a fairly convincing part if these companies want to market,” said Deepak Mathivanan, actions' principal analyst at Cantor Fitzgerald. “We previously advanced Uber to play a more direct role … (but) the developments that we see in space justify a platform strategy.”
