Uber Technologies, Inc. (UBER.US) expects its Q1 revenue to increase by approximately 15% year-on-year as it continues to advance in autonomous driving and global expansion.

Ride-hailing platform Uber Technologies, Inc. (UBER.US) will announce its first quarter earnings before the US stock market opens on Wednesday. Market consensus expects the company's earnings per share for the quarter to be $0.71, with revenue around $13.26 billion, representing a 15% year-on-year growth. During the reporting period, Uber Technologies, Inc. continued to focus on its autonomous driving and global expansion strategy. The company partnered with Lucid Group (LCID.US) and Nuro to launch autonomous taxi services, and launched driverless taxi services in Dubai in collaboration with Baidu Inc Sponsored ADR Class A (BIDU.US). Additionally, the company expanded its delivery network through the acquisition of Turkish delivery platform Getir, and plans to invest over $1 billion in building infrastructure for autonomous vehicle charging. Uber Technologies, Inc. also continued its autonomous driving taxi strategy through partnerships with Nissan, Wayve, Motional, and plans for a broader collaboration with NVIDIA Corporation (NVDA.US), while also investing $1.25 billion in Rivian. Furthermore, the company plans to launch autonomous driving taxi services in Europe in partnership with Pony.ai and Verne, and expand into the luxury travel market through the acquisition of German company Blacklane. Despite the company's active expansion efforts, regulatory environment and cost pressures continue to affect market sentiment. According to Seeking Alpha's quantitative rating, Uber Technologies, Inc. currently has a "hold" rating with a composite score of 3.12 out of 5, with an A+ rating for profitability but a D+ for momentum. However, another analysis report has upgraded Uber Technologies, Inc.'s rating to "buy," believing that the company has strong operating leverage, continued revenue growth, and the potential for AI applications to further increase profitability. Additionally, autonomous driving technology is seen as a long-term positive, helping to expand the ride-hailing market. Data shows that in the past three months, there have been 1 upward revision and 10 downward revisions in profit expectations for Uber Technologies, Inc., while revenue expectations have seen 3 upward revisions and 29 downward revisions, indicating increasing divergence in analyst opinions. In terms of stock price, Uber Technologies, Inc. has seen an accumulated 9% decline this year.