Uber looks beyond ride-hailing as rebound and quest for profit continues

204
18
Favorite

Uber looks beyond ride-hailing as rebound and quest for profit continues

MarketWatch2021-08-02

Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles Uber is scheduled to report second-quarter earnings Wednesday, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

204

Report

Comment（18）

syleo
·2021-08-02
?
Reply
1
Report
lizzie1
·2021-08-02
Good read with interesting perspectives
Reply
1
Report
AaronNg
·2021-08-02
Like and comment
Reply
5
Report
Fold Replies
- nnavinraj:
  Like
  2021-08-02
  Reply
  Report
xiaobaii
·2021-08-02
like & comment please, thank you very much
Reply
5
Report
Fold Replies
- KKSV:
  Yeah
  2021-08-02
  Reply
  Report
- AndreaOYL:
  Ok
  2021-08-02
  Reply
  Report
JiaLe
·2021-08-02
Like and comment
Reply
2
Report
Fold Replies
- xiaobaii:
  like & comment please, thank you very much
  2021-08-02
  Reply
  Report
- xiaobaii:
  like & comment please, thank you very much
  2021-08-02
  Reply
  Report
Upswing118
·2021-08-02
Didi to give this a run for their $?
Reply
3
Report
Fold Replies
- JiaLe:
  Ok please
  2021-08-02
  Reply
  Report
- xiaobaii:
  like & comment please, thank you very much
  2021-08-02
  Reply
  Report
yeelyn18
·2021-08-02
Cool
Reply
2
Report
Fold Replies
- xiaobaii:
  like & comment please, thank you very much
  2021-08-02
  Reply
  Report
- yeelyn18:
  Nice
  2021-08-02
  Reply
  Report
Upswing118
·2021-08-02
Great potential[財迷]
Reply
1
Report
Fold Replies
- YIPKF:
  Great
  2021-08-02
  Reply
  Report
JCKL488
·2021-08-02
Look at the prices of Uber and Lyft and imagine how huge Didi can get ?
Reply
2
Report
Fold Replies
- ChooiLing:
  good
  2021-08-02
  Reply
  Report
Deonc
·2021-08-02
A company will continue to growth.
Reply
5
Report
Went
·2021-08-02
Like
Reply
1
Report
Fold Replies
- AaronNg:
  Nice
  2021-08-02
  Reply
  Report
Sne
·2021-08-02
Good
Reply
1
Report
Fold Replies
- wc77:
  like and comment pls
  2021-08-02
  Reply
  Report
CuriousMind
·2021-08-02
Uber looks beyonf ride hailing as rebound and quest for profit continues
Reply
7
Report
Fold Replies
- flyingfish28:
  Ok
  2021-08-02
  Reply
  Report
Roticanai
·2021-08-02
Like
Reply
3
Report
Butt3rc00ki3
·2021-08-02
Like
Reply
2
Report
不是那么好割的小韭菜
·2021-08-02
Cool
Reply
2
Report
Fold Replies
- Dinesh123:
  something to think about
  2021-08-02
  Reply
  Report
Jaden1995
·2021-08-02
Fire
Reply
2
Report
ashethen
·2021-08-02
Like pls
Reply
2
Report
Fold Replies
- jerminos:
  Done!
  2021-08-02
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2155215241?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-08-02 11:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2155215241","market":"us","top_or_hot":-1,"title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","media":"MarketWatch","content":"<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBER","symbol_name":"优步","start_time":0,"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","article_id":"2155215241","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","pubTimestamp":1627876207,"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UBER":"优步"},"translate_title":"随着反弹和对利润的追求继续，优步将目光投向了打车以外的领域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":0.9},"content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":805538548,"gmtCreate":1627890502584,"gmtModify":1703497273674,"author":{"id":"3578625353408103","authorId":"3578625353408103","name":"syleo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578625353408103","authorIdStr":"3578625353408103"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805538548","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805239577,"gmtCreate":1627882060299,"gmtModify":1703497122194,"author":{"id":"3580781470014015","authorId":"3580781470014015","name":"lizzie1","avatar":"https://static.tigerbbs.com/6be71e2b781839928751c0a0587d5bf0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3580781470014015","authorIdStr":"3580781470014015"},"htmlText":"Good read with interesting perspectives&nbsp;","listText":"Good read with interesting perspectives&nbsp;","text":"Good read with interesting perspectives","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805239577","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805205968,"gmtCreate":1627880728254,"gmtModify":1703497101319,"author":{"id":"3559167756156665","authorId":"3559167756156665","name":"AaronNg","avatar":"https://static.tigerbbs.com/0fbfb121556dc390305847fad3f4ced2","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"3559167756156665","authorIdStr":"3559167756156665"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805205968","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400546,"gmtCreate":1627881404501,"gmtModify":1663231811249,"authorId":3578099872805879,"author":{"id":3578099872805879,"idStr":"3578099872805879","authorId":3578099872805879,"name":"nnavinraj","avatar":"https://static.tigerbbs.com/ff06b63457b059098678fc929e99957c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.56%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805205968,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"}],"langContent":"EN"},{"id":805208552,"gmtCreate":1627880533276,"gmtModify":1703497097498,"author":{"id":"3571345352614779","authorId":"3571345352614779","name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3571345352614779","authorIdStr":"3571345352614779"},"htmlText":"like &amp; comment please, thank you very much&nbsp;","listText":"like &amp; comment please, thank you very much&nbsp;","text":"like & comment please, thank you very much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/805208552","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400533,"gmtCreate":1627881322335,"gmtModify":1663231811533,"authorId":3577785816786397,"author":{"id":3577785816786397,"idStr":"3577785816786397","authorId":3577785816786397,"name":"KKSV","avatar":"https://static.tigerbbs.com/af79ae4e2c2eee7b0446d54673c5439e","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805208552,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"},{"id":5400549,"gmtCreate":1627881448433,"gmtModify":1663231810335,"authorId":3581992579777082,"author":{"id":3581992579777082,"idStr":"3581992579777082","authorId":3581992579777082,"name":"AndreaOYL","avatar":"https://static.tigerbbs.com/77b4612658f637613951a604a22f550f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805208552,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":805677343,"gmtCreate":1627880208182,"gmtModify":1703497089553,"author":{"id":"3577097645660752","authorId":"3577097645660752","name":"JiaLe","avatar":"https://static.tigerbbs.com/24a1ed581cfd6c2dbde8ebd02058830d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577097645660752","authorIdStr":"3577097645660752"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/805677343","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400441,"gmtCreate":1627880542640,"gmtModify":1663231810739,"authorId":3571345352614779,"author":{"id":3571345352614779,"idStr":"3571345352614779","authorId":3571345352614779,"name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805677343,"type":1,"supId":0,"prevId":0,"content":"like &amp; comment please, thank you very much ","text":"like &amp; comment please, thank you very much ","html":"like &amp; comment please, thank you very much "},{"id":5400442,"gmtCreate":1627880549113,"gmtModify":1663231807543,"authorId":3571345352614779,"author":{"id":3571345352614779,"idStr":"3571345352614779","authorId":3571345352614779,"name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805677343,"type":1,"supId":0,"prevId":0,"content":"like &amp; comment please, thank you very much ","text":"like &amp; comment please, thank you very much ","html":"like &amp; comment please, thank you very much "}],"langContent":"EN"},{"id":805676724,"gmtCreate":1627879959068,"gmtModify":1703497084412,"author":{"id":"4087685930931350","authorId":"4087685930931350","name":"Upswing118","avatar":"https://static.tigerbbs.com/5ee810deeb4fd3c3d863b49cef1d9956","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4087685930931350","authorIdStr":"4087685930931350"},"htmlText":"Didi to give this a run for their $?","listText":"Didi to give this a run for their $?","text":"Didi to give this a run for their $?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/805676724","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400395,"gmtCreate":1627880219144,"gmtModify":1663231807944,"authorId":3577097645660752,"author":{"id":3577097645660752,"idStr":"3577097645660752","authorId":3577097645660752,"name":"JiaLe","avatar":"https://static.tigerbbs.com/24a1ed581cfd6c2dbde8ebd02058830d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805676724,"type":1,"supId":0,"prevId":0,"content":"Ok please ","text":"Ok please ","html":"Ok please "},{"id":5400444,"gmtCreate":1627880555293,"gmtModify":1663231807929,"authorId":3571345352614779,"author":{"id":3571345352614779,"idStr":"3571345352614779","authorId":3571345352614779,"name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805676724,"type":1,"supId":0,"prevId":0,"content":"like &amp; comment please, thank you very much ","text":"like &amp; comment please, thank you very much ","html":"like &amp; comment please, thank you very much "}],"langContent":"EN"},{"id":805676835,"gmtCreate":1627879933227,"gmtModify":1703497083588,"author":{"id":"3574914526090483","authorId":"3574914526090483","name":"yeelyn18","avatar":"https://static.tigerbbs.com/ae47c3e96729c68a0234dd22850dfe69","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574914526090483","authorIdStr":"3574914526090483"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/805676835","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400445,"gmtCreate":1627880564045,"gmtModify":1663231807844,"authorId":3571345352614779,"author":{"id":3571345352614779,"idStr":"3571345352614779","authorId":3571345352614779,"name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805676835,"type":1,"supId":0,"prevId":0,"content":"like &amp; comment please, thank you very much ","text":"like &amp; comment please, thank you very much ","html":"like &amp; comment please, thank you very much "},{"id":5400370,"gmtCreate":1627879942344,"gmtModify":1663231807632,"authorId":3574914526090483,"author":{"id":3574914526090483,"idStr":"3574914526090483","authorId":3574914526090483,"name":"yeelyn18","avatar":"https://static.tigerbbs.com/ae47c3e96729c68a0234dd22850dfe69","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805676835,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":805671170,"gmtCreate":1627879802290,"gmtModify":1703497080782,"author":{"id":"4087685930931350","authorId":"4087685930931350","name":"Upswing118","avatar":"https://static.tigerbbs.com/5ee810deeb4fd3c3d863b49cef1d9956","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4087685930931350","authorIdStr":"4087685930931350"},"htmlText":"Great potential[財迷]&nbsp;","listText":"Great potential[財迷]&nbsp;","text":"Great potential[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805671170","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400359,"gmtCreate":1627879854011,"gmtModify":1663231811251,"authorId":3579748162894863,"author":{"id":3579748162894863,"idStr":"3579748162894863","authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805671170,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"CN"},{"id":805643447,"gmtCreate":1627878958389,"gmtModify":1703497064581,"author":{"id":"3574736103389937","authorId":"3574736103389937","name":"JCKL488","avatar":"https://static.tigerbbs.com/b46f479e98d6cf2484ad9c767786e663","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3574736103389937","authorIdStr":"3574736103389937"},"htmlText":"Look at the prices of Uber and Lyft and imagine how huge Didi can get ?","listText":"Look at the prices of Uber and Lyft and imagine how huge Didi can get ?","text":"Look at the prices of Uber and Lyft and imagine how huge Didi can get ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805643447","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400294,"gmtCreate":1627879370265,"gmtModify":1663231810243,"authorId":4089847537717220,"author":{"id":4089847537717220,"idStr":"4089847537717220","authorId":4089847537717220,"name":"ChooiLing","avatar":"https://static.tigerbbs.com/10bd4692906fdb9ba52a38f5f59e0248","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805643447,"type":1,"supId":0,"prevId":0,"content":"<u>good</u>","text":"<u>good</u>","html":"<u>good</u>"}],"langContent":"EN"},{"id":805640070,"gmtCreate":1627878764590,"gmtModify":1703497059744,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"A company will continue to growth.","listText":"A company will continue to growth.","text":"A company will continue to growth.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805640070","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805654530,"gmtCreate":1627878639320,"gmtModify":1703497057763,"author":{"id":"4090111832805340","authorId":"4090111832805340","name":"Went","avatar":"https://static.tigerbbs.com/5ce3e17c83c9a606263796d27bc000ba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4090111832805340","authorIdStr":"4090111832805340"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805654530","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400471,"gmtCreate":1627880739023,"gmtModify":1663231811447,"authorId":3559167756156665,"author":{"id":3559167756156665,"idStr":"3559167756156665","authorId":3559167756156665,"name":"AaronNg","avatar":"https://static.tigerbbs.com/0fbfb121556dc390305847fad3f4ced2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805654530,"type":1,"supId":0,"prevId":0,"content":"Nice ","text":"Nice ","html":"Nice "}],"langContent":"EN"},{"id":805656556,"gmtCreate":1627878391775,"gmtModify":1703497052474,"author":{"id":"4090980558099080","authorId":"4090980558099080","name":"Sne","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4090980558099080","authorIdStr":"4090980558099080"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805656556","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400255,"gmtCreate":1627878968968,"gmtModify":1663231810641,"authorId":3576029059404897,"author":{"id":3576029059404897,"idStr":"3576029059404897","authorId":3576029059404897,"name":"wc77","avatar":"https://static.tigerbbs.com/9ece187c7197f1ec611a9df7730f776e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805656556,"type":1,"supId":0,"prevId":0,"content":"like and comment pls","text":"like and comment pls","html":"like and comment pls"}],"langContent":"EN"},{"id":805623030,"gmtCreate":1627877440620,"gmtModify":1703497033124,"author":{"id":"4087814840204720","authorId":"4087814840204720","name":"CuriousMind","avatar":"https://community-static.tradeup.com/news/f806850e383499f739e74236aec6319d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4087814840204720","authorIdStr":"4087814840204720"},"htmlText":"Uber looks beyonf ride hailing as rebound and quest for profit continues","listText":"Uber looks beyonf ride hailing as rebound and quest for profit continues","text":"Uber looks beyonf ride hailing as rebound and quest for profit continues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805623030","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400080,"gmtCreate":1627877573440,"gmtModify":1663231809942,"authorId":3559187437759047,"author":{"id":3559187437759047,"idStr":"3559187437759047","authorId":3559187437759047,"name":"flyingfish28","avatar":"https://static.tigerbbs.com/75507aa8ddf5c1cc85f50faf9c40aa31","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805623030,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":805664551,"gmtCreate":1627877177573,"gmtModify":1703497028158,"author":{"id":"3581913988119713","authorId":"3581913988119713","name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581913988119713","authorIdStr":"3581913988119713"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805664551","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805662019,"gmtCreate":1627877016731,"gmtModify":1703497023677,"author":{"id":"3581548481060535","authorId":"3581548481060535","name":"Butt3rc00ki3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581548481060535","authorIdStr":"3581548481060535"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805662019","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805661642,"gmtCreate":1627876805486,"gmtModify":1703497021715,"author":{"id":"3558920222538997","authorId":"3558920222538997","name":"不是那么好割的小韭菜","avatar":"https://static.tigerbbs.com/904e087829710bbff7692246e238149c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3558920222538997","authorIdStr":"3558920222538997"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805661642","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5400121,"gmtCreate":1627877836452,"gmtModify":1663231809747,"authorId":3583544603126482,"author":{"id":3583544603126482,"idStr":"3583544603126482","authorId":3583544603126482,"name":"Dinesh123","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805661642,"type":1,"supId":0,"prevId":0,"content":"something to think about","text":"something to think about","html":"something to think about"}],"langContent":"EN"},{"id":805663306,"gmtCreate":1627876729205,"gmtModify":1703497019407,"author":{"id":"3585995652682085","authorId":"3585995652682085","name":"Jaden1995","avatar":"https://static.tigerbbs.com/2ba4894fcc2a552901fc4ca628df9e6f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585995652682085","authorIdStr":"3585995652682085"},"htmlText":"Fire","listText":"Fire","text":"Fire","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805663306","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":805682659,"gmtCreate":1627876275571,"gmtModify":1703497011806,"author":{"id":"4087606671753930","authorId":"4087606671753930","name":"ashethen","avatar":"https://static.tigerbbs.com/4f54274c70963f355c7d10c52305c1e7","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"4087606671753930","authorIdStr":"4087606671753930"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805682659","repostId":2155215241,"repostType":4,"repost":{"id":"2155215241","kind":"highlight","pubTimestamp":1627876207,"share":"https://ttm.financial/m/news/2155215241?lang=&edition=fundamental","pubTime":"2021-08-02 11:50","market":"us","language":"en","title":"Uber looks beyond ride-hailing as rebound and quest for profit continues","url":"https://stock-news.laohu8.com/highlight/detail?id=2155215241","media":"MarketWatch","summary":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and frei","content":"<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd0c97b38d0bbb977294c80b93048fa4\" tg-width=\"700\" tg-height=\"446\" width=\"100%\" height=\"auto\"><span>Uber is scheduled to report second-quarter earnings Wednesday, Aug. 4.</span></p>\n<p>With the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.</p>\n<p>Delivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.</p>\n<p>\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.</p>\n<p>Investment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.</p>\n<p>KeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> are improving, as both companies pulled back on driver incentives from June to July.</p>\n<p>MKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. <a href=\"https://laohu8.com/S/DIDI\">$(DIDI)$</a>, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"</p>\n<p>Chinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.</p>\n<p>As for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings:</b> Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.</p>\n<p><b>Revenue: </b>Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.</p>\n<p><b>Stock movement: </b>Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&amp;P 500 index has gained more than 17%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Investors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.</p>\n<p>\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.</p>\n<p>Rohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"</p>\n<p>Cowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"</p>\n<p>When it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.</p>\n<p>On the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.</p>\n<p>\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.</p>\n<p>Out of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber looks beyond ride-hailing as rebound and quest for profit continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber looks beyond ride-hailing as rebound and quest for profit continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"https://www.marketwatch.com/story/uber-looks-beyond-ride-hailing-as-rebound-and-quest-for-profit-continues-11627672915?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155215241","content_text":"Uber earnings preview: While its core business bounces back, Uber looks to grocery delivery and freight business while stock struggles\nUber is scheduled to report second-quarter earnings Wednesday, Aug. 4.\nWith the ride-hailing recovery rolling along, Uber Technologies Inc. is looking to bolster some of its other businesses.\nDelivery has been a bright spot as ride-hailing struggled to rebound during the COVID-19 pandemic, and Uber $(UBER)$ sought to boost its delivery options with the acquisition of Postmates of freight leader Transplace to speed up its freight division's path to breaking even.\n\"Ride-sharing, New Mobility products (i.e. shared bikes and scooters), app-based food delivery, and logistics are all set to benefit from multiyear secular offline-to-online conversion tailwinds, and we believe Uber is the best-positioned company to capitalize on these trends globally,\" Cowen analysts wrote in a note earlier this month.\nInvestment research firms' surveys show a continued upward trajectory for ride-hailing demand and spending on Uber services. According to a Cowen survey, Uber Eats' monthly active users rose at least 2% from the previous quarter and 3% year over year. That same survey showed second-quarter order frequency climbed to all-time highs.\nKeyBanc Capital Markets said its data indicates that driver-supply shortages seen by Uber and competitor Lyft Inc. $(LYFT)$ are improving, as both companies pulled back on driver incentives from June to July.\nMKM Partners analysts also pointed to Uber's equity stakes in companies such as Didi Global Inc. $(DIDI)$, Grab Holdings, Joby Aviation and more, and said they \"see several layers of growth unlocking over the next six months, probably better than any other Internet company at scale.\"\nChinese ride-hailing giant Didi, though, is under pressure Wednesday after reports that SoftBank Group Corp. is weighing selling a third of its stake in the company to offset its investment losses in Didi.\nAs for the Delta variant of COVID-19, analysts at Wedbush Securities said in a note that they expect to see \"good news around underlying ride-sharing demand metrics and profitability outlook despite\" it.\nWhat to expect\nEarnings: Analysts surveyed by FactSet on average expect Uber to post a loss of 54 cents a share, or a loss of $907.2 million, compared with the company's $1.8 billion loss in the year-ago period. The average expectation of analysts, hedge-fund managers, executives and more as gathered by Estimize also is a loss of 54 cents a share.\nRevenue: Analysts on average expect revenue of $3.74 billion, compared with $2.2 billion in the year-ago quarter, according to FactSet. Estimize is guiding for $3.86 billion.\nStock movement: Uber stock has declined following earnings in three of the past four quarters, and five of the nine reports it has made since going public. Uber shares are down 14% so far this year through Friday's session, while the S&P 500 index has gained more than 17%.\nWhat analysts are saying\nInvestors are awaiting profitability for Uber, which has lost billions of dollars since its inception, and see signs of it in some of its businesses and metrics.\n\"The core ride-sharing platform is profitable on a per-trip basis under our analysis, and the company is poised to continue to gain and retain share in multiple fast-growing geographies and adjacent spaces,\" wrote John Blackledge, Cowen analyst, in a note to investors earlier this month.\nRohit Kulkarni, managing director of MKM Partners, told investors in a note that Uber has \"a clear pathway to delivery profitability.\" Meanwhile, KeyBanc's Edward Yruma wrote that \"Uber is continuing to see positive spend vs. 2019 due to the strength in the Eats business, with 11% growth the week of 7/11.\"\nCowen's Blackledge said Uber's Transplace purchase should \"organize and expand Freight's operations, while accelerating the segment's path to profitability, which is now expected in the [fourth quarter of 2022].\"\nWhen it comes to the regulatory issues surrounding classification of ride-hailing drivers, analysts' takes differ. \"The ride-sharing industry is seeing intensifying regulatory scrutiny globally,\" wrote Yruma.\nOn the other hand, Mizuho Securities analysts said in June that in the U.S., \"state policies are moving in the right direction\" for Uber.\n\"Gig labor bills in critical states such as [New York] and [Massachusetts] are using Proposition 22 as a framework for negotiations, so the risk of reclassifying to full employment is limited,\" wrote James Lee, managing director for Mizuho. Proposition 22 is the ballot initiative passed by California voters last year that carves out a new classification for app-based gig workers, allowing Uber, Lyft and others to continue to treat them as independent contractors instead of employees.\nOut of 37 analysts surveyed by FactSet, 30 have a buy rating on Uber stock, while three have a hold rating, two say sell and two rate the stock at overweight. The average price target as of Friday was $69.53.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5399947,"gmtCreate":1627876391231,"gmtModify":1663231809039,"authorId":3583841475339760,"author":{"id":3583841475339760,"idStr":"3583841475339760","authorId":3583841475339760,"name":"jerminos","avatar":"https://static.tigerbbs.com/4b6b79d65a5ecd18fecf889c39f99b14","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":805682659,"type":1,"supId":0,"prevId":0,"content":"Done!","text":"Done!","html":"Done!"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":204,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}