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Uber’s shares on Wednesday fell almost 6 percent, as the driving group warned that a strong US dollar would hit the gross reservations in the current quarter.
The company based in San Francisco said it was expecting gross reservations between $ 42 billion and $ 43.5 billion in the current quarter, compared to a prognosis of $ 43.5 billion by analysts, according to the visible Alpha Data.
Uber said the prospect of reservations in the first quarter would be “nearly $ 1 billion higher” to be based on foreign exchange courses from the previous quarter. In January, the US dollar hit a 26-month maximum compared to a basket of trade partners currency.
The shares fell for almost 6 percent on Wednesday in the store before the market.
The weaker odds come because Uber reported on a strong fourth quarter, raising hopes in investors for 2025, while executives discussed the efforts of a riding group on an increasingly competitive market around autonomous vehicles.
Gross reservations – a measure of total customers in all business units – reached a record $ 44.2 billion, which is at the top of analyst of analysts of $ 43.5 billion.
Said the Director Dara Khosrolshahi Uber Achieved a record high for travel, gross reservations and custom earnings in the fourth quarter and said that “more confident than ever before Uber was uniquely positioned to catch the 1tn Plus opportunity,” related to autonomous vehicles.
On the eve of his earnings, Uber said that the introduction of the services offered by Waymo, an alphabetical branch for a taxi independently, in Austin in Texas, and customers charged the same price as the vehicle that was managed in a man. The companies concluded an agreement in September.
However, the driving company will face a solid competition from Tesla, which will start the trial autonomous cybercabs in Austin in June.
The group’s operational profit increased by 18 percent compared to the year to $ 770 million in three months, which ended on December 31, but was separated by an undiscovered reserve for a legal settlement of $ 462 million, which the company refused to provide details.
Uber reported on his First annual operational profit 2023 and repeated the feat 2024 with a number of $ 2.8 billion.
A year ago, Uber sought to increase the return of shareholders and announced the inauguration program of the share of shares in the amount of $ 7 billion, but his shares fell 2 percent in 2024, as investors deleted that autonomous vehicles would underestimate a business model focused on the driver companies.
Analysts from the Bank of America said the impact is “probably exaggerated” and that this year it will be “better visibility in a long time lane”.
Khosrolshahi said last month that he did not expect autonomous vehicles to move human drivers for more than a decade and that Uber was open to work with Tesha, while the electric vehicle manufacturer enters the taxi area.
“I think for the next 10 years you will have a hybrid net of people and machines,” he said at the World Economic Forum in Davos. “In ten years things can be different.”
