<p>Uber Technologies Inc will outline its strategy for growth and new business opportunities when it holds its first investor day as a public company on Thursday, after teasing news on a global car-sharing network and improved algorithms to keep costs low.</p>.<p>Company executives during a fourth-quarter earnings call on Wednesday said they would provide more details on how Uber plans to fuse its two platforms - ride-hail and food delivery - into one cost-saving Uber marketplace.</p>.<p>Since Uber went public in May 2019, the company's shares have been on a roller-coaster ride, nearly halving at the start of the pandemic in early 2020, when the company's ride-hail business came to a screeching halt.</p>.<p>Uber is telling investors it has turned the corner and is set up for long-term growth and profitability as pandemic restrictions subside in many of its core markets, but its shares remain hovering at roughly the same level as when they first listed.</p>.<p>The company on Wednesday posted its second quarterly operating profit and said ride demand recovered to nearly pre-pandemic levels.</p>.<p>Uber Chief Executive Dara Khosrowshahi said the company had shareholders' interest in mind.</p>.<p>"We want to be a growth business, but we want to be a profitable growth business and we want to be improving margins going forward," he told analysts on a conference call on Wednesday.</p>.<p>Khosrowshahi said a better combination of its rides and delivery business would bring down customer acquisition costs - a metric investors closely follow in a market where companies have long competed by outbidding each other with costly customer discounts and incentives.</p>.<p>The company was also tweaking its algorithm to ensure more workers signed up for both ride-hail and delivery services, Khosrowshahi said, adding that it would improve driver dispatching and allow for higher utilization of each worker.</p>.<p>The CEO also promised an update on other new business opportunities, including a global peer-to-peer car rental network. Uber last month acquired Australian car-sharing company Car Next Door and Khosrowshahi said Uber planned to expand car-sharing's footprint.</p>.<p>"I think with peer-to-peer car rentals, we'll go global. We'll make sure we do it in the right way," he said.</p>.<p>Several automakers have exited the peer-to-peer car-sharing market in recent years, citing high costs and the volatile state of the mobility industry.</p>.<p>Uber's investor day will take place in New York City and begin at 9 am local time.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>Uber Technologies Inc will outline its strategy for growth and new business opportunities when it holds its first investor day as a public company on Thursday, after teasing news on a global car-sharing network and improved algorithms to keep costs low.</p>.<p>Company executives during a fourth-quarter earnings call on Wednesday said they would provide more details on how Uber plans to fuse its two platforms - ride-hail and food delivery - into one cost-saving Uber marketplace.</p>.<p>Since Uber went public in May 2019, the company's shares have been on a roller-coaster ride, nearly halving at the start of the pandemic in early 2020, when the company's ride-hail business came to a screeching halt.</p>.<p>Uber is telling investors it has turned the corner and is set up for long-term growth and profitability as pandemic restrictions subside in many of its core markets, but its shares remain hovering at roughly the same level as when they first listed.</p>.<p>The company on Wednesday posted its second quarterly operating profit and said ride demand recovered to nearly pre-pandemic levels.</p>.<p>Uber Chief Executive Dara Khosrowshahi said the company had shareholders' interest in mind.</p>.<p>"We want to be a growth business, but we want to be a profitable growth business and we want to be improving margins going forward," he told analysts on a conference call on Wednesday.</p>.<p>Khosrowshahi said a better combination of its rides and delivery business would bring down customer acquisition costs - a metric investors closely follow in a market where companies have long competed by outbidding each other with costly customer discounts and incentives.</p>.<p>The company was also tweaking its algorithm to ensure more workers signed up for both ride-hail and delivery services, Khosrowshahi said, adding that it would improve driver dispatching and allow for higher utilization of each worker.</p>.<p>The CEO also promised an update on other new business opportunities, including a global peer-to-peer car rental network. Uber last month acquired Australian car-sharing company Car Next Door and Khosrowshahi said Uber planned to expand car-sharing's footprint.</p>.<p>"I think with peer-to-peer car rentals, we'll go global. We'll make sure we do it in the right way," he said.</p>.<p>Several automakers have exited the peer-to-peer car-sharing market in recent years, citing high costs and the volatile state of the mobility industry.</p>.<p>Uber's investor day will take place in New York City and begin at 9 am local time.</p>.<p><strong>Check out DH's latest videos:</strong></p>