Uber’s Autonomous Future: Key Insights
Uber Technologies (NYSE: UBER), which operates the world’s largest ride-hailing network serving over 200 million users, is shifting its focus towards autonomous vehicles. CEO Dara Khosrowshahi believes this transition represents a multitrillion-dollar opportunity, potentially reducing the company’s $85.4 billion annual driver-related costs. Currently, autonomous vehicles account for just 0.1% of global ride-sharing trips, with plans to increase this to 15 cities worldwide by the end of 2026 and become the market leader by 2029.
In 2025, Uber reported $193.4 billion in gross bookings, yielding a revenue of $52 billion after covering expenses, leaving an adjusted profit of $5.2 billion. Its autonomous vehicle strategy aims to unlock substantial revenue growth as the company invests heavily in partnerships with over 20 developers, including Waymo, which completes over 450,000 paid autonomous trips weekly across five U.S. cities.
Despite intense competition, Uber’s current price-to-sales ratio stands at 3.1, significantly lower than key competitors, positioning it as an appealing option for long-term investors interested in the emerging autonomous driving market.
