24 Hrs
Source:
المشهد العربي
Uber invests $10B in autonomous tech
Uber Technologies announced its financial results for the second quarter of 2026, revealing revenues of $14.19 billion, a 12% increase. Net income rose by 77% to reach $2.39 billion. Additionally, free cash flow surpassed $10 billion for the first time in the company's history, amid plans to invest over $10 billion in autonomous vehicle technologies in the coming years. The company experienced a 24% growth in bookings, reaching $58.02 billion, and passenger trips increased by 18% to 3.9 billion rides, with the active monthly user base growing by 16%. The CEO explained that strong performance was driven by high demand for services and a travel resurgence. For the third quarter, bookings are expected to range between $58.25 billion and $60.25 billion, with a projected earnings per share between $0.84 and $0.88, although this is slightly below analysts' expectations of $0.89.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)