What's Going On With Uber Stock Thursday
Portfolio Pulse from Anusuya Lahiri
Uber Technologies is launching full-length video ads across its ride-hailing app, Uber Eats, and Drizly platforms. The ads will run on the primary Uber app, in-car tablets, and during Uber Eats deliveries. The company plans to expand the video ad products to the UK, France, and Australia later this year.
June 15, 2023 | 3:36 pm
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Uber is launching full-length video ads across its platforms, aiming to cross-promote services and reach $1 billion in ad revenue by 2024.
The introduction of full-length video ads across Uber's platforms is expected to increase the company's ad revenue. The expansion of this feature to international markets later this year will further contribute to revenue growth. As a result, the stock price is likely to go up in the short term.
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