Uber has worked to keep riders, and drivers, loyal with membership offerings and loyalty rewards, while battling competitors like Lyft.
Here's what analysts are expecting, according to consensus estimates compiled by Refinitiv:While Uber helped establish ride-hailing in markets all over the world over the past decade, the company now runs myriad "on-demand" businesses including food delivery, bike-sharing and a freight service that matches shippers with carriers who can haul their goods.The company boasted over 30 million riders in 2018.
Uber priced its IPO shares at $45 in its market debut, and shares closed on Wednesday ahead of the second-quarter update at $39.15, trending higher after hours after its chief U.S. competitor, Lyft, reported lower than expected losses, higher than expected revenue, and gave a rosier outlook for the rest of 2019.
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