New York, Feb 9, 2026, 13:20 EST — Regular session
- Uber shares slipped in midday trading following the company’s agreement to acquire Getir’s Turkey food delivery unit.
- The SEC filing details a $335 million cash payout, along with a $100 million minority interest in Getir’s larger delivery business.
- The deal’s first phase still needs a regulatory green light. Uber is targeting a close sometime in the back half of 2026.
Uber Technologies, Inc. slipped 0.1% to $74.66 in midday trading Monday, giving back some ground after closing at $74.77 on Friday. The move followed news that Uber plans to acquire the delivery business of Turkey’s Getir, putting more weight behind its expansion into a higher-growth international delivery segment. 1
Uber’s move backs up its push to bulk up delivery in regions outside its core, slower-growth markets, where pricing pressure can sting. In Turkey, Uber is still piecing together assets—a rarity these days. Investors will be tracking whether the expansion actually pushes up order volume, and if margin erosion stays in check.
Uber’s latest filing puts a $335 million cash price tag—cash-and-debt-free—on its full purchase of Getir’s food delivery arm, snagging 100% ownership. Separately, Uber is putting up $100 million for a 15% equity slice in Getir’s grocery, retail, and water delivery operations. “Cash-and-debt-free” signals that Uber won’t be taking on any of Getir’s cash or debt, with the final figure tweaked for what’s actually left in the business. Uber’s deal is set up in phases, dependent on future performance, so it may be a long haul to completion. In 2025, Getir’s food delivery business posted over $1 billion in gross bookings, climbing more than 50% year-over-year at constant currency, the filing showed. 2
Uber intends to fold both Getir and Trendyol Go delivery into its operations but will leave the existing consumer apps untouched. The company says this move will broaden choices and boost courier opportunities. “Uber is committed to investing in Türkiye for the long term,” said CEO Dara Khosrowshahi in a statement. 3
On Monday, the company pointed to a fresh growth push, announcing it had extended and broadened its global payments tie-up with Dutch processor Adyen while introducing ride-booking kiosks for users without the app or a local data plan. “Continuing and expanding our partnership with Adyen is key,” said Karl Hébert, Uber’s vice president of global commerce. 4
Uber shares have been on a rollercoaster since last week’s earnings miss. The company posted profits that fell short of forecasts, and its outlook for first-quarter adjusted earnings also underwhelmed Wall Street—even though the number of trips climbed. Looking ahead to 2026, Uber flagged a jump in its effective tax rate, citing its international reach. 5
Some analysts zeroed in on whether the Turkey expansion will drive bookings or just push deeper discounts. Truist Securities kept its buy call but trimmed the price target to $108 from $110. RBC Capital stuck with its outperform rating and left its $105 target unchanged, Investing.com reported. 6
The delivery story here comes down to how Uber Eats stacks up next to rivals like DoorDash, which has gone all-in on scale and logistics. Uber, meanwhile, is betting it can pull more value from its broader platform. Over in ride-hailing, Lyft remains the reference point, and investors are also tracking Uber’s moves toward autonomous offerings.
But a big caveat remains buried in the details: Uber’s deal is still subject to Turkish regulatory signoff, which could slow things down or even change the terms. Uber’s option to pick up the rest of Getir’s grocery and retail delivery business isn’t locked in either—it hinges on future performance milestones, both operational and financial. Getir itself has stumbled lately, with demand for quick grocery drop-offs slumping since pandemic highs. “This transaction reflects the strength of the business,” Waleed Al Mokarrab Al Muhairi, deputy group CEO at Mubadala, said in a statement quoted by TechCrunch. 7
The real focus for the stock now shifts to timing. Investors are looking out for word on Turkey’s regulatory review, and any fresh details on the anticipated second-half 2026 completion of phase one in the Getir buy. 8
