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MarketScreener Homepage  >  Equities  >  Nyse  >  Uber Technologies, Inc.    UBER

UBER TECHNOLOGIES, INC.

(UBER)
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Uber Technologies : Sells Indian Food-Delivery Unit to Indian Rival Zomato Media

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01/20/2020 | 08:43pm EST

By Preetika Rana

Uber Technologies Inc. has agreed to sell its Indian food-delivery unit to a local rival, shedding a struggling business in a move that could steer the ride-hailing company toward profitability, according to two people familiar with the matter.

The sale also gives Uber a 9.99% stake in India's Zomato Media Pvt. Ltd., the people said, and comes as Uber Chief Executive Dara Khosrowshahi seeks a path to profitability for the San Francisco company.

Uber has discontinued food-delivery operations in a country only once before. The ride-sharing company faced stiff local competition in South Korea and in September said it would stop delivering food there.

Uber's divestment in India comes at a time of global consolidation in the highly competitive food-delivery sector.

Write to Preetika Rana at preetika.rana@wsj.com

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Financials (USD)
Sales 2020 17 921 M
EBIT 2020 -3 275 M
Net income 2020 -3 634 M
Finance 2020 2 472 M
Yield 2020 -
P/E ratio 2020 -19,8x
P/E ratio 2021 -33,0x
EV / Sales2020 3,79x
EV / Sales2021 3,10x
Capitalization 70 470 M
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Technical analysis trends UBER TECHNOLOGIES, INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 48,64  $
Last Close Price 41,05  $
Spread / Highest target 46,2%
Spread / Average Target 18,5%
Spread / Lowest Target -12,3%
EPS Revisions
Managers
NameTitle
Dara Khosrowshahi Chief Executive Officer & Director
Ronald D. Sugar Chairman
Nelson J. Chai Chief Financial Officer
Thuan Pham Chief Technology Officer
Garrett Camp Director
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