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Uber Shares Drop 8% as Legal Costs Undercut Profit and Holiday Outlook Disappoints

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Uber’s shares fell 8% on Tuesday after the company reported weaker-than-expected operating profit and issued a cautious outlook for the upcoming holiday quarter. The setback overshadowed otherwise strong growth in both its rides and delivery businesses, which continue to benefit from rising demand and its Uber One membership program.

The ride-hailing giant posted an operating income of $1.11 billion for the third quarter, below analyst expectations of $1.61 billion, according to Visible Alpha. Uber attributed the shortfall to legal and regulatory expenses but did not disclose details. Its guidance for adjusted profit in the fourth quarter — between $2.41 billion and $2.51 billion — also fell short of Wall Street’s projections.

Despite the profit miss, revenue rose 20% year-over-year to $13.47 billion, surpassing analyst estimates of $13.28 billion. Gross bookings climbed to $49.74 billion, beating expectations, driven by a 29% jump in delivery sales and a 20% rise in mobility revenue.

CEO Dara Khosrowshahi said the Uber One program continues to boost customer engagement, noting that users who use both rides and delivery services spend three times more than single-service customers. However, only about 20% of users currently utilize both, leaving significant room for growth.

The earnings disappointment comes despite Uber’s strong year-to-date performance, with its stock up more than 60% before Tuesday’s drop. Investors, however, remain focused on whether the company can sustain profitability while managing mounting legal challenges and regulatory scrutiny.

Apple Shares Rise as Strong Holiday iPhone Sales Forecast Eases Supply Concerns

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Apple shares climbed about 2% in premarket trading on Friday after the company’s upbeat holiday quarter forecast reassured investors that strong demand for the iPhone 17 lineup is driving a sales rebound despite ongoing supply delays in China.

The company’s latest projections, announced earlier this week, helped ease concerns about production bottlenecks that had weighed on fourth-quarter performance. The optimism pushed Apple’s market capitalization back above $4 trillion, placing it alongside tech giants Nvidia and Microsoft in the exclusive multi-trillion-dollar club.

Investors also took comfort in Apple’s measured approach to integrating artificial intelligence, with analysts noting that the company’s strategy emphasizes precision over speed. “When you’re really big like Apple, you don’t have to move fast — sometimes you just have to get it right eventually,” said Eric Clark, Chief Investment Officer at Accuvest.

Despite its rally, Apple remains one of the weaker performers among the “Magnificent Seven” group of mega-cap tech stocks this year, trailing Nvidia and Microsoft but showing resilience amid global supply headwinds.

According to LSEG data, Apple’s stock trades at 33.4 times analysts’ earnings forecasts, above Microsoft’s 31.7 and Meta’s 22.3, reflecting investor confidence in the company’s long-term innovation and profitability.

Polestar Faces Nasdaq Delisting Warning as Stock Slumps Below $1

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Swedish electric vehicle manufacturer Polestar has received a warning from Nasdaq after its shares fell below the exchange’s required minimum bid price of $1. The notice puts the EV maker at risk of delisting from the U.S. stock exchange unless it can lift its share price within the next six months.

Polestar’s U.S.-listed stock closed at 84 cents on Friday, marking a 20% decline in 2025 after losing more than half its value last year. The company now has until April 29, 2026, to regain compliance by maintaining a closing price of at least $1 for ten consecutive trading days, Nasdaq said. If it fails to meet the requirement, Polestar may be granted an additional 180-day extension.

The company attributed its struggles to mounting competition in the global EV market, where giants like Tesla and China’s BYD continue to dominate. Polestar has introduced discounts and leasing incentives in an effort to boost sales, particularly in Europe, where demand remains relatively strong.

This is the second time Polestar has faced non-compliance with Nasdaq’s listing standards, having previously received a warning last year for delays in filing its annual financial report with U.S. regulators.