Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Tag: Mobility
Uber: Uber Announces Results for Fourth Quarter and Full Year 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter and full year ended December 31, 2021. Financial Highlights for Fourth Quarter 2021 Gross Bookings grew 51% year-over-year (“YoY”) to $25.9 billion, or 50% on a constant currency basis, with Mobility Gross Bookings of $11.3 billion (+67% YoY) and Delivery Gross… Continue reading Uber: Uber Announces Results for Fourth Quarter and Full Year 2021
Startup Taps Finance Micromodels for Data Annotation Automation
After meeting at an entrepreneur matchmaking event, Ulrik Hansen and Eric Landau teamed up to parlay their experience in financial trading systems into a platform for faster data labeling. In 2020, the pair of finance industry veterans founded Encord to adapt micromodels typical in finance to automated data annotation. Micromodels are neural networks that require… Continue reading Startup Taps Finance Micromodels for Data Annotation Automation
Dana Incorporated to Announce 2021 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on February 23
MAUMEE, Ohio, Feb. 9, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) will release its 2021 fourth-quarter and full-year financial results on Wednesday, Feb. 23, 2022. A press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. EST. Members of the company’s senior management team will… Continue reading Dana Incorporated to Announce 2021 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on February 23
Nio, XPeng, Li Auto Have an Opportunity to Take Sizeable Market Share- Barclays
By Sam Boughedda Investing.com — Barclays analyst Jiong Shao started coverage of Nio Inc (NYSE:NIO), Xpeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) with overweight ratings on Tuesday, telling investors in a note that the companies have an “opportunity to not only take a sizable market share of the domestic auto market” but also “build… Continue reading Nio, XPeng, Li Auto Have an Opportunity to Take Sizeable Market Share- Barclays
AAM Invests in Autotech Ventures, Will Leverage Access to New Mobility Opportunities
DETROIT, Feb. 9, 2022 /PRNewswire/ — American Axle & Manufacturing is committing $15 million to Autotech Ventures in a partnership that will provide access to new opportunities that complement AAM’s mission to develop and produce the industry’s most efficient and powerful electric drivelines. Autotech Ventures is an early-stage Silicon Valley venture capital firm focused on tech… Continue reading AAM Invests in Autotech Ventures, Will Leverage Access to New Mobility Opportunities
Shared mobility company GoTo Global is going public through a shell company merger
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to close in early April, which will initially give GoTo access to the… Continue reading Shared mobility company GoTo Global is going public through a shell company merger
Lyft’s revenue growth masks active riders slippage
U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the… Continue reading Lyft’s revenue growth masks active riders slippage
Bosch off-highway surround sensing system receives “Systems & Components Trophy – Engineers’ Choice” award from the DLG
Mobility Solutions is the largest Bosch Group business sector. It generated sales of 42.1 billion euros in 2020, and thus contributed 59 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading Bosch off-highway surround sensing system receives “Systems & Components Trophy – Engineers’ Choice” award from the DLG
TENNECO ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 EARNINGS DATE AND CONFERENCE CALL DETAILS
LAKE FOREST, Ill., Feb. 8, 2022 /PRNewswire/ — Tenneco (NYSE: TEN) will report its fourth quarter and full year 2021 financial results before the market opens on Thursday, February 24, 2022 and host a webcast conference call the same day at 8:30 a.m. ET. The purpose of the call is to discuss the Company’s financial results… Continue reading TENNECO ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 EARNINGS DATE AND CONFERENCE CALL DETAILS