Uber Technologies, Inc. operates as a technology platform connecting riders with drivers, restaurants with customers, and shippers with carriers. Founded in 2009 in San Francisco, the company transformed urban transportation through its smartphone app.
The platform coordinates over 36 million trips and delivery orders daily across approximately 15,000 cities worldwide. Uber holds 76% of the U.S. ride-hailing market, making it the largest ridesharing company globally with over 8.8 million active drivers and couriers.
Beyond ride-hailing, Uber operates Uber Eats for food delivery, Uber Freight for logistics, and various mobility services. The company went public on the New York Stock Exchange in May 2019 under the ticker symbol UBER.
Uber Technologies History
Uber Technologies Co-founders
Uber Technologies Revenue
Uber generated $43.97 billion in revenue during 2024, an 18% increase from the prior year. The mobility segment accounts for the largest share at $25 billion, followed by delivery at $13 billion and freight at $5 billion.
Uber Technologies Acquisitions
Uber has acquired numerous companies to expand its services and geographic reach. The company uses acquisitions to enter new markets and add capabilities to its platform rather than building everything from scratch.
The Postmates acquisition in December 2020 for $2.65 billion strengthened Uber Eats in the United States. Postmates brought strong relationships with small and medium restaurants, particularly in Los Angeles and the Southwest. The deal added over 600,000 restaurants and retailers to Uber’s delivery network.
Careem, a Dubai-based ride-hailing company, joined Uber in January 2020 for $3.1 billion. This acquisition gave Uber access to the Middle East and North Africa markets across 15 countries. Careem continues to operate as a separate brand while sharing technology with Uber.
In 2021, Uber acquired Drizly for $1.1 billion to enter the alcohol delivery market. The company also purchased Transplace for $2.25 billion to strengthen its freight logistics business. Transplace added 135,000 carriers to Uber Freight’s network across the United States and Europe.
Earlier acquisitions include Jump Bikes in 2018 for electric bike-sharing and Cornershop in 2020 for grocery delivery in Latin America. Uber also acquired Autocab in 2020, a taxi software company that helps traditional taxi operators use technology to compete. These purchases reflect Uber’s strategy to become a comprehensive mobility and delivery platform rather than just a ride-hailing service.
Uber Technologies Market Cap
Uber’s market capitalization stands at approximately $173 billion as of January 2026. This represents a 37% increase over the past year. The company’s stock price has recovered strongly from its 2019 IPO and pandemic lows.
Uber Technologies Competitors
Uber faces competition across ride-hailing, food delivery, and freight logistics. Lyft remains the primary U.S. competitor with 24% market share. Globally, regional players like Didi Chuxing in China and Grab in Southeast Asia dominate their home markets.
| Company | Headquarters | Primary Segment |
|---|---|---|
| Lyft | United States | Ride-hailing |
| Didi Chuxing | China | Ride-hailing, Delivery |
| Grab Holdings | Singapore | Ride-hailing, Delivery |
| DoorDash | United States | Food Delivery |
| Bolt | Estonia | Ride-hailing, Delivery |
| Ola Cabs | India | Ride-hailing |
| Gojek | Indonesia | Ride-hailing, Delivery |
| Deliveroo | United Kingdom | Food Delivery |
| Amazon | United States | Delivery, Logistics |
| Alphabet (Waymo) | United States | Autonomous Vehicles |
FAQs
When was Uber founded?
Uber was founded in 2009 by Travis Kalanick and Garrett Camp in San Francisco. The company launched its mobile app in 2010.
What services does Uber offer?
Uber offers ride-hailing through its main app, food delivery through Uber Eats, freight logistics through Uber Freight, and business travel services through Uber for Business.
How many drivers work for Uber?
Uber has over 8.8 million active drivers and couriers worldwide as of 2025. These workers are classified as independent contractors rather than employees.
Is Uber profitable?
Yes, Uber achieved profitability in 2023 and reported $9.86 billion in net income for 2024. The company posted its first operating profit in Q2 2023.
Who is Uber’s biggest competitor?
Lyft is Uber’s largest competitor in the United States with 24% market share. Globally, Didi Chuxing and Grab compete in China and Southeast Asia respectively.