Uber Technologies

Its total revenue of $11.96 billion also surpassed analysts' average estimate of $11.77 billion

The ride-hailing firm's India based tech Tech Teams transform 85% of app localisation process to touchless

Uber also plans to make a significant investment in driver incentives and discounts for riders

Revenue increased 15% to $9.94 billion, ahead of estimates for $9.78 billion

Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing

The ride-hailing company laid off 200 employees in its recruitment division as another measure to streamline costs. The layoff represents 1 per cent of its global workforce.

This layoff will affect less than one per cent of Uber's global workforce of more than 37,000

Catch all the latest updates from across the world. Stay tuned

Uber Technologies Inc said on Friday plans by the local government in India's Delhi city to only allow electric vehicles to function as bike taxis would risk finishing off the sector

Uber forecast adjusted EBITDA, a profitability metric that excludes some costs, between $660 million and $700 million for the first quarter, well above the average analyst estimate of $593.06 million

Uber Technologies' former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company's troubled past under its original leadership

The selling undisclosed shareholder in the block trade offered the stock at between Rs 48 and Rs 54 a piece

Uber generated free cash flow of $382 mn in second quarter, topping analysts' expectations of $263.2 mn, as trips exceeded pre-pandemic levels, boosted by reopening of offices, travel demand surge

Uber Technologies on Wednesday announced it will hire 500 employees for its India tech centres by the end of this year.

Uber had previously claimed that it has assuaged safety concerns by improving insurance document verification systems and rolling out real-time identification

The company said it planned to include every taxi on its Uber app by 2025 and last year added 122,000 new taxis to its platform.

Revenue rose 83 per cent to $5.8 billion in the period, the company said on Wednesday in a statement

Uber forecast an adjusted profit of $25 million to $75 million for the last quarter of 2021. Analysts on average expected $114 million, according to Refinitiv data.

Uber Technologies Inc could post its first profit on an adjusted basis in the current quarter, its chief financial officer said on Tuesday, sending the ride hailing company's shares up nearly 7%

The Russian internet giant will own 100% of Yandex.Eats, Yandex.Lavka and Yandex.Delivery, as well as a self-driving venture that operates cars and drones, according to a statement Tuesday