Uber Technologies (NYSE: UBER) stock price action is depressed relative to 2025 highs and may not recover soon. The company’s changes to its business model are impacting its growth and weighing on sentiment, giving the market ample reason to sit on the sidelines.
Though tepid, Q2 revenue and Q3 guidance are better than they look. The company is changing how it recognizes revenue, not its fundamental position, which remains strong. More to the point, Uber continues to unlock profitability; it drove accelerated growth in Q2, and that’s what counts.
