Record Earnings Yet... Concerns Over Robo-Taxis and Margins Cause 10 Trillion Won Loss in a Day

On the New York Stock Exchange, Uber Technologies, Inc. (UBER) closed at $73.92 on the 4th, down 5.24% from the previous day, erasing about $7.6 billion in market value—roughly ₩10 trillion—in a single session. Its market capitalization now stands at approximately $154 billion (around ₩207 trillion), and trading volume topped 35.4 million shares, reflecting heavy activity amid subdued investor sentiment.

Despite beating revenue and gross bookings estimates for the fourth quarter of 2025, Uber’s adjusted earnings per share and its guidance for first-quarter 2026 fell short of Wall Street expectations, triggering the share-price decline immediately after the earnings release. The company surpassed 200 million monthly active users and reported record operating profit and cash flow, but investors are growing wary of weakening profitability and intensified competition as it scales its robotaxi operations.

Uber has laid out a blueprint to become the world’s largest autonomous-vehicle (AV) ride-hailing platform by 2029 through partnerships with Waymo, Baidu and others. It also plans to re-enter Greater China in early 2026 by launching a service in Macau in cooperation with local taxis, underscoring its growth story. Still, the market is focused on whether the newly appointed CFO and Uber’s aggressive investment plans will enable the platform’s expansion to settle into a high-margin structure.

As a U.S. big-tech company operating a global platform spanning ride-hailing, food delivery and logistics, Uber has leveraged its vast user base and urban infrastructure data to diversify revenue streams. After cementing a profitable trajectory through restructuring and cost control, the company is extending into autonomous driving, robotics and advertising, aiming to transform itself into a true “mobility infrastructure” provider.