Uber Technologies Performance Overview
Uber Technologies (NYSE: UBER) has seen substantial growth over the past three years, with shares soaring 237%, transforming a $10,000 investment into $33,700. As of December 9, shares are up 35% over the last year, outperforming the S&P 500’s total return of 14%. Despite a five-year increase of 68%, Uber experienced significant volatility, including declines of 18% in 2021 and 41% in 2022.
Currently, Uber boasts 189 million monthly active users, a 142% increase from five years ago. The company operates in 15,000 cities worldwide with 9.4 million drivers and couriers. In Q3, Uber reported an operating income of $1.1 billion and $2.2 billion in free cash flow, reflecting its strong market position and profitability. However, uncertainties remain, particularly with the rise of autonomous vehicle services from competitors like Alphabet’s Waymo and Tesla.
