Uber’s market value fell nearly a third over the past year; shares closed at $69.89 on Sept. 22. Q2 bookings rose 22% in constant currency and trailing 12-month free cash flow topped $10 billion. Insider Monkey cites robotaxi fears, including Waymo’s exit.
Waymo ended its Phoenix partnership with Uber and said it plans to launch its own app in Austin and Atlanta in January 2028. Uber launched a Wayve robotaxi service in London this month with about 15 cars and a safety driver; it has also invested in Lucid and Nuro, with robotaxis due in San Francisco, and agreed with Pony.ai to put more than 2,000 vehicles on European roads. Insider Monkey argues Uber’s ability to aggregate rider demand at scale could be valuable to autonomous operators.
The article notes trailing-12-month net income was down roughly a quarter, but one-off tax gains in both comparison periods complicate the comparison; latest-quarter profit also benefited substantially from higher valuations of Uber’s investments. Uber has launched a roughly $14.8 billion tender offer for Delivery Hero and does not expect to complete it until the second half of 2027. A Dutch regulator fined Uber $966 million in August over automated driver suspensions; Uber is appealing.
