ride share

Wedbush analysts see a buying opportunity in shares of Uber Technologies Inc (NYSE: UBER) after the rideshare company posted strong quarterly results showing it's gaining momentum into 2023. What Happened: Uber reported third-quarter revenue of $8.3 billion, which was up 72...

Ride-share company Lyft Inc (NASDAQ: LYFT) reported second-quarter financial results after the market close Thursday. Here are the key highlights. Lyft's Q2 Report: Lyft reported second-quarter revenue of $990.7 million, up 30% year-over-year and up 13% on a quarter-over-quarter basis. The...

Ride-share drivers are turning to renting or buying electric vehicles. The move, which was being done to help combat high prices for gas at the pump, is turning into higher tips for some drivers as well. What Happened: Uber driver Heidi Barnes upgraded from a 2009 Toyota Camry from Toyota Motors (...

Walt Disney Co. (NYSE: DIS) and LYFT Inc (NASDAQ: LYFT) have teamed up again to bring Minnie Vans back to Walt Disney World, US News has reported. What Happened: In 2017, the ride-share company originally teamed up with Disney Parks to provide guests an exclusive way to travel around the...

Although Uber Technologies Inc’s (NYSE: UBER) Investor Day highlighted growth drivers, the company’s 2024 adjusted EBITDA target came in short of consensus, according to Wedbush. The Uber Technologies Analyst: Ygal Arounian reiterated an Outperform rating for Uber Technologies while...

Uber Technologies Inc (NYSE: UBER) shares are trading higher Tuesday after CEO Dara Khosrowshahi's participation in a discussion hosted by UBS. Khosrowshahi reportedly said he is confident Uber will come in at the top half of its guidance for the fourth quarter. Uber was up 4.77% at $...

Uber Technologies Inc (NYSE: UBER) is trading higher today after the company announced its third-quarter financial results. The stock initially traded lower on the report, but has since recovered and is currently trading near one-month highs. What Happened: Uber reported a quarterly adjusted...

Uber Technologies Inc (NYSE: UBER) is looking to expand its green energy drive to the U.K.  What Happened: Ride-hailing company Uber has struck a deal with Tesla Inc (NASDAQ: TSLA) to provide London drivers access to Tesla's EVs, according to media reports. Uber...

LYFT Inc (NASDAQ: LYFT) shares traded higher by 8.8% and Uber Technologies Inc (NASDAQ: UBER) gained 6.8% Wednesday after Lyft reported third-quarter earnings and revenue beats and said driver shortages are easing. Lyft reported third-quarter adjusted EPS of 5 cents on revenue of $864.4 million....

A leading ride-share company has ventured into the delivery of food and other goods. News from the company shows Uber Technologies Inc (NYSE: UBER) is ready to help with the holidays in a new business venture. What Happened: Uber announced the launch of “The Holiday Shop” via its...

Uber Technologies Inc (NYSE: UBER), Live Nation Entertainment, Inc. (NYSE: LYV) and Shake Shack Inc (NYSE: SHAK) are all scheduled to report quarterly financial results this week.  Josh Brown, CEO of Ritholtz Wealth Management, told investors what to expect from...

Last week, residents of New York City were provided a new option for getting around with the launch of Drivers Cooperative, a driver-owned rideshare service. The company is not the first rideshare service to take on the big two of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER), and it likely won't be...

LYFT Inc (NASDAQ: LYFT) shares traded lower by 3.8% on Wednesday after the company reported 7% quarter-over-quarter revenue growth. For the first quarter, Lyft reported an adjusted EPS loss of 35 cents on $609 million in revenue. Both numbers beat consensus analyst estimates of a 53-cent EPS loss...

While mobility continued to decline in the fourth quarter for Uber Technologies Inc (NYSE: UBER), strength was shown in the company’s delivery business. Analysts are out with comments and reactions to the fourth-quarter earnings, as well as thoughts about what’s next. The Uber...