Uber Shares Surge on Strong Delivery Growth Pushing $1.02B Volume to 75th in U.S. Rankings

Uber (UBER) rose 0.87% on Sept. 26, trading with a volume of $1.02 billion, ranking 75th among U.S. equities in terms of dollar turnover. The stock's movement followed reports highlighting its strategic pivot toward expanding delivery services beyond ride-hailing, including a 20% increase in Uber Eats monthly active users year-to-date. Analysts noted that the company’s focus on food and logistics segments has driven recurring revenue streams, with Q3 earnings guidance suggesting improved gross booking growth compared to prior periods.

Recent developments indicated Uber is testing a fleet of autonomous delivery vehicles in select U.S. markets, aiming to reduce per-unit costs by 15% by 2026. The initiative aligns with broader efforts to diversify income sources amid slowing demand for ride-hailing services. Management emphasized in investor calls that profitability metrics for delivery operations have exceeded internal projections, with operating margins expanding by 3.2 percentage points sequentially.

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