Uber CFO Says Stock Undervalued, Initiates $1.5 Billion Accelerated Stock Buyback
Uber CFO Says Stock Undervalued, Initiates $1.5 Billion Accelerated Stock Buyback
On Monday, Uber Technologies, Inc. (NYSE:UBER) announced it has entered into an accelerated share repurchase (ASR) agreement with Bank of America to repurchase $1.5 billion worth of stock as part of its previously authorized $7 billion share repurchase program, initially approved in February 2024.
在週一，優步科技公司（紐交所：UBER）宣佈與美國銀行達成了一項加速回購（ASR）協議，以回購價值15億美元的股票，作爲其先前授權的70億美元股票回購計劃的一部分，該計劃最初於2024年2月獲得批准。
Under the agreement, Uber will receive approximately 18.6 million shares, representing about 80% of the expected total repurchase.
根據該協議，優步將獲得約1860萬股，約佔預計回購總額的80%。
The final number of shares to be retired will be determined based on the volume-weighted average price during the agreement's term. The transaction is expected to be completed in the first quarter of 2025.
最終退回的股份數量將根據協議期間的成交量加權平均價格確定。預計該交易將在2025年第一季度完成。
Also Read: New York City's Historic Congestion Pricing Starts Sunday, Uber And Lyft Passengers To Pay For Entering Manhattan
另請閱讀：紐約市歷史性的擁堵定價將在週日開始，優步和Lyft乘客需要支付進入曼哈頓的費用。
CFO Prashanth Mahendra-Rajah emphasized that Uber's stock is undervalued relative to its business performance and described the ASR as a strategic move to enhance shareholder value.
財務長Prashanth Mahendra-Rajah強調，優步的股票相對於其業務表現被低估，並描述ASR爲提升股東價值的戰略舉措。
"We are entering 2025 with considerable momentum and expect to continue scaling our free cash flows significantly, enabling us to return meaningful capital to shareholders while still investing in growth," stated Prashanth Mahendra-Rajah.
"我們將在2025年以相當的勢頭進入，並期待繼續顯著擴大我們的自由現金流，使我們能夠在投資增長的同時，向股東回報有意義的資本，" Prashanth Mahendra-Rajah表示。
"Our stock is undervalued relative to the strength of our business, and we plan to accelerate our buybacks under the existing authorization as a result. This ASR represents a value-enhancing deployment of capital, retiring over one percent of our market cap."
"我們的股票相對於我們業務的強度被低估，因此我們計劃根據現有授權加速回購。這次ASR代表了資本的價值增強部署，退還了超過1%的市值。"
In October, Uber reported fiscal third-quarter 2024 revenue growth of 20% year-on-year to $11.188 billion, beating the analyst consensus of $10.97 billion. It clocked a GAAP EPS of 46 cents and an adjusted EPS of 46 cents, which beat the analyst consensus of 41 cents.
在10月，優步報告了2024財年第三季度營業收入同比增長20%，達到111.88億美元，超出了分析師對109.7億美元的共識預期。每股收益（GAAP EPS）爲46美分，調整後的每股收益（EPS）爲46美分，超出了分析師對41美分的共識預期。
Its Gross Bookings grew 16% year-over-year to $40.97 billion. Mobility Gross Bookings were $21.00 billion, up 17% year-over-year; Delivery Gross Bookings were $18.66 billion, up 16%; and Freight Gross Bookings were $1.31 billion, up 2% year-over-year.
其總預訂量同比增長了16%，達到409.7億元。出行業務總預訂量爲210億元，同比增長17%；送餐業務總預訂量爲186.6億元，同比增長16%；貨運業務總預訂量爲13.1億元，同比增長2%。
Trips grew 17% year-over-year to 2.9 billion, or 31 million per day. Uber's Monthly Active Platform Consumers reached 161 million, up 13% year-over-year.
出行次數同比增長17%，達到了29億次，平均每天3100萬次。優步的月活躍平台消費者達到了16100萬，同比增長13%。
Price Action: At the last check on Monday, UBER shares were trading higher by 5.43% at $68.10 premarket.
價格走勢：在週一的最後檢查中，優步的股票在盤前交易中上漲了5.43%，達到了68.10美元。
Image via Shutterstock
圖片來源：Shutterstock
譯文內容由第三人軟體翻譯。
