NEW YORK, December 31, 2025, 14:53 ET — Regular session
- Uber shares traded slightly lower after a report said it has held talks to acquire parking app SpotHero.
- The move keeps focus on Uber’s push to add services beyond ride-hailing and delivery.
- Traders are watching for deal clarity and the next earnings update as 2025 winds down.
Uber Technologies (UBER.N) shares were down about 0.3% at $81.87 in afternoon trade on Wednesday, after moving between $81.60 and $82.48, following a report the company has been in talks to acquire parking reservation app SpotHero. The Information said SpotHero has raised more than $110 million and was most recently valued at about $290 million, citing PitchBook data.
The report matters now because Uber is under pressure to show it can keep growing without leaning solely on ride-hailing. Investors have rewarded companies that can add higher-frequency services and keep users inside a single app.
It also lands as markets wrap up the year and traders reset positioning into 2026. In thin holiday trading, deal chatter can grab more attention than it might in a busier week.
SpotHero lets drivers find, reserve and prepay for parking, and the company says it is available in more than 400 cities in the United States and Canada. SpotHero also says it has helped park 100 million cars since 2011.
For Uber, parking is a logical adjacent service for people who drive themselves, not just those who take rides. A tie-up could also help Uber pitch itself as a broader mobility marketplace rather than a single-purpose ride-hailing app.
Uber’s move came as Wall Street drifted lower in the final session of 2025. “I do not expect that the last few days will have so much bearing on the performance of the next year,” said Giuseppe Sette, co-founder and president of Reflexivity. Reuters
Ride-hailing rival Lyft was up about 0.2%, while delivery peer DoorDash was down about 0.2% in afternoon trading.
Investors will now look for any confirmation of talks, potential deal terms and how Uber would integrate parking into its existing products. Any acquisition would also raise questions about whether Uber wants to expand with small “tuck-in” deals or pursue bigger moves.
Macro catalysts remain close behind. The Federal Reserve’s next policy meeting is scheduled for Jan. 27-28, and rate expectations have been a key driver of valuations across consumer and technology stocks.
On the company calendar, Nasdaq lists Feb. 4 as an estimated date for Uber’s next earnings report.
Uber’s last quarterly update projected fourth-quarter gross bookings — the total dollar value of rides, deliveries and other transactions on its platform — of $52.25 billion to $53.75 billion. It forecast adjusted EBITDA, a closely watched profit metric that excludes some costs, of $2.41 billion to $2.51 billion.
