In its fourth quarter, Uber Technologies reported adjusted earnings per share of $3.11, exceeding consensus estimates by $2.44. Revenue reached $13.47 billion, up 20.4% year-over-year, driven by 24% growth in mobility bookings and a 19% increase in delivery volume. The ride-hailing segment achieved positive contribution margin for the first time, while delivery improved margin by 120 basis points. Management highlighted a net margin of 33.5% and a return on equity of 68.2%, reflecting tighter cost controls and higher leverage on fixed technology infrastructure.

Regulatory filings reveal that Econ Financial Services initiated a position of 15,700 shares valued at approximately $1.54 million. Pershing Square Capital Management and Norges Bank each disclosed new stakes valued at roughly $2.21 billion and $2.35 billion, respectively. Kingstone Capital Partners Texas increased its stake by more than 330,000%, adding nearly 20 million shares. Pacer Advisors grew its holdings by 1,905%, and Vanguard Group added over three million shares. After these moves, institutional investors account for just over 80% of the company’s outstanding shares, signaling strong confidence from large fiduciaries.

Uber is leveraging its network of 9.4 million drivers and 200 million users to transition toward an asset-light autonomous network. Partnerships with leading autonomous vehicle hardware providers are being scaled to test robotaxi services in select metropolitan areas by mid-year. Concurrently, the company is exploring the acquisition of a parking-reservation platform to integrate reserved parking in over 400 cities, aiming to boost per-trip take rates and enrich its urban mobility ecosystem. Analysts from Susquehanna, Stifel Nicolaus and Cantor Fitzgerald have reiterated buy ratings, citing the underappreciated value of Uber’s liquid demand aggregation model and prospective margin expansion from autonomous operations.