Uber to Offer Joby Air Taxis in Dubai After Joby’s Q4 Revenue Jumps 82%
Joby Aviation’s Q4 revenue of $30.84 million surged 81.8% year-over-year, beating consensus and narrowing per-share losses to $0.14 versus estimates of $0.22. Uber announced a partnership to offer Joby eVTOL air taxi services in Dubai, potentially expanding its mobility platform into urban air transport.
1. Joby Posts Strong Q4 Results
Joby Aviation reported fourth-quarter revenue of $30.84 million, up from $55,000 a year earlier, and narrowed its per-share loss to $0.14 versus consensus of $0.22. Better-than-expected results lifted investor sentiment in extended trading, sending related mobility stocks including Uber up over 2%.
2. Dubai Partnership Expands Uber Mobility
Under the new agreement, Uber will integrate Joby’s electric vertical takeoff and landing air taxis into its ride-sharing platform in Dubai. The collaboration marks Uber’s first entry into commercial urban air mobility, aiming to reduce transit times and broaden its service offerings.