Recent Updates — UBER
Uber Technologies entered into a Term Loan Credit Agreement to finance its voluntary public takeover offer for Delivery Hero shares. The agreement provides senior unsecured term loan commitments in two tranches maturing 18 months and three years after closing, reducing Bridge Credit Agreement commitments by €4 billion. Additionally, Uber executed Amendment No. 1 to its Bridge Credit Agreement and entered into a new $7.7 billion Revolving Credit Agreement with Bank of America, replacing the prior facility which was terminated on August 6, 2026. The revolving facility includes approximately $324 million in issued letters of credit but no drawn borrowings as of closing. These financing arrangements support Uber's strategic acquisition activities and general corporate purposes. Uber Technologies operates in the technology and transportation industry, providing ride-hailing, food delivery, and freight services.
Uber Technologies reported financial results for the second quarter ended June 30, 2026. Gross Bookings grew 24% year-over-year to $58.0 billion, while Revenue increased 12% to $14.2 billion. GAAP Income from operations rose 30% to $1.9 billion, and Non-GAAP Operating Income grew 40% to $2.1 billion. GAAP Diluted EPS was $1.17, compared to $0.63 in the prior year period, while Non-GAAP EPS reached $0.81, up 35%. Trips totaled 3.9 billion, a 18% increase. The company reported trailing twelve-month free cash flow exceeding $10 billion for the first time. For Q3 2026, Uber anticipates Gross Bookings between $58.25 billion and $60.25 billion and Non-GAAP EPS of $0.84 to $0.88. The company operates in the technology and transportation industry, providing a digital platform for mobility, delivery, and freight services.
On July 16, 2026, Uber Technologies, Inc. entered into a Business Combination Agreement to acquire Delivery Hero SE via a voluntary public takeover offer. Uber will offer €41.50 per share in cash, representing an implied equity value of $14.8 billion. The transaction is expected to close in the second half of 2027, subject to regulatory approvals and a minimum tender threshold of 50% plus one share. To fund the acquisition, Uber executed a €14.2 billion senior unsecured bridge loan commitment. Additionally, Delivery Hero agreed to sell its operations in 14 markets to SSW Partners for approximately $1.6 billion. Uber expects the deal to be Non-GAAP EPS accretive upon closing and high-single-digit accretive by year three. Uber operates in the mobility and delivery industry, providing ride-sharing and food/grocery delivery services.