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Uber: Uber unveils maiden $7 billion share buyback after first profitable year

Over the next three years the ride-hailing firm expects gross bookings growth in the mid to high teens percentage and adjusted core profit growth in the high 30s to 40%. Free cash flow as a percentage of adjusted earnings before interest, taxes, depreciation and amortization is expected to be 90% or higher annually, the company said.

Prashanth mahendraThomas hayesDara khosrowshahiOffering collegeTechnology leadershipIndian school of businessUber technologiesTech prowessHigh value skillData science forGreat hill capitalMeta platformsShare buybackFood deliveryCab hailingFirst profitable year

Uber unveils US$7B buyback plan in first for company

Uber unveils US$7B buyback plan in first for company
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Uber unveils first buyback plan worth $7 billion after reporting full-year operating profit in 2023

Uber Technologies Inc. will buy back as much as $7 billion in shares to return capital to shareholders after reporting its first full year of operating profit and consistent positive free cash flow in 2023.

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Uber announces its first share buyback program with an authorization for up to $7 billion worth

Uber Technologies Inc.’s stock jumped 5.6% premarket Wednesday, after the ride-sharing company announced its first-ever share-buyback program with its board.

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Uber (UBER) Announces Inaugural $7 Billion Share Repurchase Authorization

Uber (UBER) Announces Inaugural $7 Billion Share Repurchase Authorization
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