Uber Technologies, Inc. announced on February 6, 2024, that its Board of Directors has approved a share repurchase program, authorizing the buyback of up to $7 billion of its outstanding common stock. The repurchase decisions, including timing, volume, and pricing, will be made at management's discretion based on market conditions and other factors, and may be conducted through open market or accelerated share repurchase transactions. The company has not guaranteed the repurchase of any specific number of shares and may modify or suspend the program at any time. Additionally, on February 14, 2024, Uber provided an investor update presentation detailing its financial and operational outlook, along with its capital allocation model. The company forecasts mid to high teens growth in Gross Bookings and high...Show More

Uber Technologies, Inc. announced on February 6, 2024, that its Board of Directors has approved a share repurchase program, authorizing the buyback of up to $7 billion of its outstanding common stock. The repurchase decisions, including timing, volume, and pricing, will be made at management's discretion based on market conditions and other factors, and may be conducted through open market or accelerated share repurchase transactions. The company has not guaranteed the repurchase of any specific number of shares and may modify or suspend the program at any time. Additionally, on February 14, 2024, Uber provided an investor update presentation detailing its financial and operational outlook, along with its capital allocation model. The company forecasts mid to high teens growth in Gross Bookings and high 30s to 40% growth in Adjusted EBITDA, both on a compound annual growth rate (CAGR) basis over the next three years. It also anticipates its free cash flow to be 90% or higher of Adjusted EBITDA annually. These forward-looking statements are subject to risks and uncertainties that could affect the company's actual results.