On Feb. 23, Uber introduced one more acquisition, one which’s set to make sure customers preserve coming to the app, even after they don’t want a trip or meals supply.
The newest within the collection of partnership and growth bulletins conserving Uber busy is its acquisition of SpotHero, a number one North American parking reservation platform. The deal is monumental and underscores Uber’s push to turn out to be an all-in-one transportation app.
Whereas the monetary phrases of the deal weren’t disclosed, the transaction is predicted to shut within the first half of 2026, topic to regulatory approval.
The acquisition, as soon as formalized, will give Uber customers entry to SpotHero’s intensive parking community, which has expanded since its 2011 inception to incorporate greater than 13,000 garages, parking tons, and valets throughout 400 cities within the U.S. and Canada.
The in-app reservation can be built-in into the Uber app; furthermore, Uber One members will obtain parking-related advantages as a part of their membership.
For Uber, this seems to be a pure development, a transfer to fill the hole in areas the place customers select to drive their very own automobiles.
Uber’s inventory is down 13% this quarter.
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Uber’s growth technique
Over the previous yr, Uber has accelerated offers to broaden its footprint throughout transportation and logistics, whereas exploring its more moderen step into autonomous autos.
In 2025, the ride-hailing firm acquired Denmark’s largest taxi operator, DanTaxi, and strengthened its European presence.
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To broaden its meals and supply attain in Turkey, it took a controlling stake in Trendyol Go in 2025 after which acquiredGetir’s supply portfolio earlier this month, bringing the 2 mostly used supply apps collectively.
And let’s not neglect its intention to place itself nicely for a future by which autonomous autos turn out to be an integral a part of the ride-hailing business.
Uber and SpotHero come collectively
SpotHero, based in 2011, has constructed a powerful presence, promoting greater than $2 billion in parking reservations. The core of its enterprise mannequin is finding parking areas in crowded locations, and right now it assists thousands and thousands of drivers, particularly in congested new cities.
Beneath Uber, the corporate stands to realize entry to a worldwide consumer base (in keeping with its most up-to-date submitting, Uber has over 200 million month-to-month lively customers), and parking operators on SpotHero will profit from elevated visibility and demand.
In its This fall and full yr 2025 earnings report, Khosrowshahi famous that the rideshare firm is coming into 2026 “with a rapidly growing topline” and “significant cash flow.” Uber’s CFO seconded the sentiment.
Uber’s inventory is up 2% on Wednesday, Feb. 25, however is down 10% yr to this point.
Associated: Uber makes a $1B transfer for international supply growth
