Uber Technologies Unveils $7 Billion Buyback, Bullish Financial Outlook

Uber Technologies (UBER) has released an update.

Uber Technologies, Inc. is making strategic financial moves, announcing a massive $7 billion share repurchase program, signaling confidence in their financial health and future prospects. Alongside this, the company provided an optimistic financial and operational outlook, anticipating robust growth in gross bookings and adjusted EBITDA, as well as a strong free cash flow to EBITDA ratio over the next three years. These forward-looking statements, while indicative of Uber’s ambitious plans, are subject to market risks and uncertainties.

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