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Will UBER Gear Shift in Robotaxis, Delivery Outspeed Rising Costs, Rideshare Slowdown?

Dela

Uber Technologies (UBER) earnings showed a slowdown in the rideshare giant's core business, but other arms of its revenue stream showed strength, including delivery. Christine Short explains why the stock is rallying on the report and the future prospects she sees for Uber's longevity. Andrew Wang points out that booking grew 20% but adjusted EBIDTA accelerated 31%, something he sees as a bullish indicator. However, as both guests point out, rising costs serve as a lasting headwind for Uber even as it turns toward autonomous driving.


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