Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
UBER•World Cup travel boosted demand
The business benefited from broad-based demand across regions and services during the quarter, including travel linked to the FIFA World Cup, Uber CEO Dara Khosrowshahi said.
More than 8 million tourists used Uber in host cities during the tournament, according to the company.
Robotaxi and acquisition plans remain a focus
The global ride-hailing and delivery giant's capital allocation has become a key investor focus after it announced a $14.8 billion deal for Delivery Hero DHER.DE last month, which it plans to fund with existing liquidity and debt.
The company on Wednesday also outlined plans to spend more than on autonomous vehicles over the coming years, but did not provide a specific timeline.
