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Uber Posts Q1 Results That Beat Expectations for RevenueUber (NYSE: NYSE:UBER ) announced its first-quarter results on Wednesday, which surpassed analysts' revenue estimates but also reported a net loss. The company's revenue increased by 15% to $10.13 billion year over year. However, the gross bookings fell short of expectations, with the company reporting $37.65 billion, compared to the $37.93 billion expected by industry analysts. The net loss of the company widened to $654 million, compared to a loss of $157 million in the same quarter the previous year. Uber ( NYSE:UBER ) attributed this loss to a $721 million net headwind from unrealized losses related to the reevaluation of its equity investments. The company's adjusted EBITDA was $1.38 billion, up 82% year over year, which is slightly higher than the $1.31 billion anticipated by analysts. Uber's monthly active platform consumers reached 149 million in Q1, up by 15% YoY from 130 million. During the same period, there were 2.6 billion trips completed on the platform, a 21% YoY increase. The company's mobility segment reported $5.63 billion in revenue, up 30% YoY, and 2% QoQ. The delivery segment reported $3.21 billion in revenue, up 4% YoY and 3% QoQ. The freight business booked $1.28 billion, a decrease of 8% YoY and flat QoQ. In Q2, Uber expects to report gross bookings between $38.75 billion and $40.25 billion, with adjusted EBITDA of $1.45 billion to $1.53 billion. The company's CEO, Dara Khosrowshahi, said that the loss had "nothing to do with the operating business" and that the company does not expect it to keep happening going forward. Khosrowshahi added that Uber cannot predict the markets. Despite the loss, Khosrowshahi stated that the demand for Uber remains strong across their platform, supported by their improving marketplace experience, the continued shift of consumer spending from goods to services, and the secular trend towards on-demand transportation and delivery. The company is focused on increasing its penetration of core use cases while expanding into new consumer segments to drive user growth and win more of their daily trips.
NYSE:UBER
by DEXWireNews
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader. SET UP . the (W) is in downtrend . Long-term(M) in downtrend . price correcting to Lowest High of the (W) downtrend ODD ENHANCER . over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend . general market in downtrend . Supply Zone (SZ) never been tested before
NYSE:UBERShort
by greatful-me
Selling Uber Swing low.Uber Technologies - Short Term - We look to Sell a break of 27.59 (stop at 29.51) Daily signals are bearish. A Doji style candle has been posted from the high. The primary trend remains bearish. The previous swing low is located at 27.69. Daily pivot is at 27.69. A break of 27.69 is needed to confirm follow through negative momentum. Buying at the start of the week has stalled and prices are reversing. Our profit targets will be 23.11 and 21.11 Resistance: 33.00 / 35.00 / 37.00 Support: 30.00 / 28.00 / 25.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
NYSE:UBERShort
by Saxo
1
The "UBER Files" The Uber Files, first leaked to The Guardian, consists of over 124,000 internal documents that show how UBER attempted to secretly gain support from politicians in Europe, including French president Emmanuel Macron when he was serving as the country’s economy minister, chancellor George Osborne and other ministers, for its aggressive global expansion. The documents date between 2013 and 2017. Despite the efforts, UBER is not a profitable company, yet its market cap is 43.868Bil. If you haven`t shorted UBER here: On this falling wedge bearish chart pattern i expect to see it go lower, to $13.80, before a technical rebound. Looking forward to read your opinion about it.
NYSE:UBERShort
by TopgOptions
White House backs ride-sharing oversightThis is bad news for Uber and I couldn't be more pleased. Everyone, this is absolutely not financial advice and just my opinion, but it would be SUPER cool if we all just made Uber go to like $2 a share. That might still be too much because their business doesn't actually even make money anyways.... hmmm... So the white house is putting pressure on. Showtime just released a new film about the scandalous ex-CEO Bolt is driving new competition (literally lol) and doing great. Plus they're threatening drivers that don't accept all rides with deactivation. FACT: They only exist in a market where money is free. Turns out money can't be free forever???...poo
NYSE:UBERShort
by MonetaryRebel
$UBER Time to short, or is it? California's prop 22 was found unconstitutional by a supreme court judge late last week, news that were sort of expected since the bill already had plenty of discrepancies. Despite the news and what that means for UBER specifically, I am more interested in how this stock has moved since the bill passed. Pretty noticeable at first glance, despite missing EPS, on November the stock started an impulsive move leaving a gap behind and that it's closing to nowadays price. If we look at it from a bearish point of view, the .618 was strong resistance above which indicated another wave down towards the 1.618. Interestingly enough, the stock is now below March lows' VWAP and it's fast approaching the IPO VWAP. Very important to note that the 8MA is extended from price action, so a bounce in the near term is not out of the question. Now, will it be at the IPO VWAP? Or will it close below, sending it lower towards the gap and the 1.618? One thing is for sure, these two VWAPs will provide all the information we need in order to short efficiently or to prepare for some choppy price action.
NYSE:UBERShort
by Modus777
UBERLooks like some bad news hit Uber again with UK drivers becoming "employees" not 1099 contractors. Also the change to reclassify the UK workers will mean that UBER will pay $300m in order to make this change & comply. I stay long and suggest buying between the levels I marked off. The CEO Dara Khosrowshahi has said that UBER eats has made this a completely different company & I can see this as well with UBER eats now disrupting food delivery plus COVID 19 restrictions. Also Wall ST is so super bearish uber so I stay long (got to take the opposite side of that). My theory is that the Wall St banks & funds parade their talking heads all over the MSM shit talking UBER to suppress the price & accumulate. Don't believe me I have a good example Amazon. DYOR guys and make your own choices.
NYSE:UBERLong
by Big_Mike716