Uber Shares Fall 22% While Partnering With Joby for Dubai Air Taxi Launch
Uber shares have declined 22% in the trailing six-month period, lagging Amazon’s 7.2% drop and DoorDash’s 32.2% plunge. The company expanded its delivery logistics footprint and formed a partnership with Joby Aviation to launch air taxi services in Dubai to diversify revenue streams.
1. Weak Share Performance
Uber’s share price has fallen 22% over the past six months, underperforming Amazon’s 7.2% decline and DoorDash’s 32.2% plunge in the same period. This drop reflects broad pressure on food delivery logistics providers as market share battles intensify.
2. Delivery Segment Growth
In fourth-quarter 2025, Uber’s Delivery segment revenue rose 30% year over year to $4.89 billion, while gross bookings climbed 26% to $25.43 billion. Growth was driven by higher order volumes on Uber Eats and logistics efficiency improvements.
3. Intensifying Competition
Uber faces fierce competition from DoorDash and Amazon, both rapidly expanding local delivery offerings and member programs. The struggles of China’s Dida carpool model highlight sector fragmentation and the challenge of maintaining profitability under pricing pressure.
4. Air Taxi Initiative
Uber has partnered with Joby Aviation to launch air taxi services in Dubai under the Advanced Air Mobility program, aiming for early operational testing and commercial deployment by 2026. This move diversifies Uber’s portfolio beyond ground transportation.