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Uber's shares fell almost 6 percent on Wednesday, as the riding group warned that the strong US dollar would become the total number of reservations in the current quarter.
The company, which is based in San Francisco, said it expects the total of $ 42 billion and $ 43.5 billion in the current quarter, compared to the expectations of $ 43.5 billion by analysts, according to Alpha visual data.
Uber said that the expectations of reservations in the first quarter were “the highest of about one billion dollars” if they were based on foreign exchange rates in the previous quarter. In January, the US dollar reached the highest level in 26 months against a basket of trading partners.
The shares fell almost 6 percent in the pre -market trade on Wednesday.
The weakest view comes at a time when Uber was informed of the fourth strong quarter, as the investor hoped in 2025, where executive officials spoke about the efforts of the riding group in the growing competitive market around independent vehicles.
The total reservations – a scale of the total customer spending in all its business units – reached a record worth $ 44.2 billion, as the expectations of analysts amounting to 43.5 billion dollars lead.
” Uber He has achieved record levels of trips that were made, total reservations and modified profits in the fourth quarter, and said that “more confident than ever that Uber is in a unique position to take the opportunity of one dollar.”
Before profits, Uber said it will start offering the services provided by Waymo, a self -driving taxi company in Alphabet, in Austin, Texas, with customers the same price of a car that a person drives. The companies concluded the deal in September.
However, the riding company will face intense competition from Tesla, which will start its experience Independent cybercabs In Austin in June.
The operating group profit increased by 18 percent of one year to 770 million dollars in the three months ending December 31, but it was weighed through a legal settlement reserve that was not disclosed at a value of $ 462 million, which the company refused to provide details about.
Uber mentioned to her The first annual operating profit In 2023, this feat was repeated in 2024, number $ 2.8 billion.
A year ago, Uber sought to increase the returns to shareholders and announced the shares re -purchase program 7 billion dollars, but its shares decreased by 2 percent in 2024, when investors worried that independent vehicles would reduce the driver's business model.
Bank of America analysts said that the effect “is likely to be influenced” and that there will be a “better vision in the long timeline” of adoption this year.
Joshroshi said last month that it is not expected that independent cars will resolve the displacement of human drivers for more than a decade and that Uber was open to work with Tesla while the electric car maker holds accountable in the world of taxis.
“I think that during the next ten years, you will have hybrid networks of humans and machines,” he said at the World Economic Forum in Davos. “Ten years from now, things may be different.”
