<p><strong>优步科技</strong>（UBER 4.26%）正在迎来发展高峰。市场也开始关注这一点，因为投资者对该业务的看法极为积极。截至 9 月 17 日，2025 年股价上涨了 54%，过去三年上涨了 191%。这是一个令人难以置信的增长，使其市值接近 2000 亿美元。</p>
<p>重要的是，不要简单地假设这种增长会持续下去。投资者应该考虑能够支持进一步上涨的因素。在这种情况下，乐观的情绪很容易产生。以下是四个理由，说明为什么要毫不犹豫地购买优步股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5ODAvd2F2aW5nLWRvd24tYS1jYXItcmlkZS1vbi10aGUtc3RyZWV0LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5ODAvd2F2aW5nLWRvd24tYS1jYXItcmlkZS1vbi10aGUtc3RyZWV0LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 增长</h2>
<p>将优步加入投资组合的第一个理由是公司的增长，这一增长非常显著。在最新的季度（2025 年第二季度，截止至 6 月 30 日），优步的每月活跃平台消费者（MAPCs）达到了 1.8 亿，七年前则为 7600 万。不出所料，这导致了出行和配送两个领域的总预订量和收入飙升。</p>
<p>优步目前在全球 15000 个城市提供服务。然而，仍然存在扩展的潜力。让消费者使用多种服务，即交叉推广，是一个巨大的机会，提高使用频率也是如此。</p>
<p>此外，还有优步一号订阅计划，现有 3600 万会员。他们的消费显著高于非会员。增加成为优步一号会员的 MAPCs 比例可以推动可观的增长。</p>
<h2>2. 盈利能力</h2>
<p>2019 年，优步的运营亏损高达 86 亿美元。自那时以来，管理层对提高业务效率的高度关注取得了显著成效。在过去六个月中，公司报告的运营收入为 27 亿美元。这一令人印象深刻的盈利能力是购买该股票的第二个理由。</p>
<p>优步正在证明它能够以极具盈利性的方式实现规模化。华尔街持乐观态度。分析师的共识预期显示，2025 年至 2027 年每股收益将以 23% 的复合年增长率增长，远快于预计的收入增长。</p>
<p>自由现金流也在不断涌入，第二季度总计达到 25 亿美元。这让管理团队充满信心。他们刚刚宣布了一项 200 亿美元的股票回购授权。</p>
<h2>3. 自动驾驶汽车</h2>
<p>目前有很多公司在研发自动驾驶汽车（AV）技术。虽然优步之前有一个自动驾驶部门，但在 2020 年将其出售。相反，该公司与其他公司（无论是汽车制造商还是软件提供商）合作，努力帮助开发这一技术。目前有 20 个合作伙伴。</p>
<p>优步处于一个有利的位置，因为它直接控制着与 1.8 亿 MAPCs 的关系。因此，它可以接触到大量的需求。同时，它在运营大型技术平台方面拥有专业知识。这使得它在自动驾驶市场中以轻资本的方式参与。</p>
<p>这并不意味着优步的战略是完全无懈可击的。例如，<strong>特斯拉</strong> 可能在扩大其机器人出租车服务方面取得成功，这将形成与优步竞争的平台。</p>
<h2>4. 经济护城河</h2>
<p>购买和持有具有经济护城河或持久竞争优势的公司，可以促进投资成功。优步具备这一重要特征，这也是将该业务加入投资组合的第四个理由。</p>
<p>作为一个平台，该公司受益于强大的网络效应。更多的乘客（司机）为司机（乘客）增加了更多的价值，使得服务在规模扩大时变得更加有用。</p>
<p>优步还拥有显著的无形资产，支持其持续成功。其品牌如此强大，以至于常常被用作动词，表明了强大的用户认知度。此外，该公司收集和利用数据的能力也值得一提。这催生了一个新的业务线，即数字广告，该领域在今年第一季度的年化收入达到了 15 亿美元。</p>
<p>优步的增长轨迹、利润上升、在自动驾驶市场的地位以及经济护城河是四个理由，说明为什么要毫不犹豫地购买该股票。</p>

优步

<p>优步科技的股票大幅上涨，2025 年股价上涨了 54%，过去三年上涨了 191%，市值接近 2000 亿美元。投资的主要理由包括其令人印象深刻的增长，拥有 1.8 亿月活跃用户，盈利能力改善，运营收入达到 27 亿美元，战略性合作伙伴关系在自动驾驶技术方面，以及强大的经济护城河，得益于强大的网络效应和品牌认知度。这些因素使优步在未来的增长和盈利能力方面处于有利位置</p>

<p><strong>Uber Technologies</strong>(UBER 4.26%) has been hitting its stride. And the market is taking notice, as investors view the business in an extremely favorable light. As of Sept. 17, shares are up 54% in 2025 and 191% in the past three years. That's an incredible rise that has driven its market capitalization to nearly $200 billion.</p>
<div class="lb-trans"><p><strong>优步科技</strong>（UBER 4.26%）正在迎来发展高峰。市场也开始关注这一点，因为投资者对该业务的看法极为积极。截至 9 月 17 日，2025 年股价上涨了 54%，过去三年上涨了 191%。这是一个令人难以置信的增长，使其市值接近 2000 亿美元。</p>
</div><p>It's important not to simply assume that the gains will continue. Investors should think about the factors that can support further upside. In this instance, it's easy to be optimistic. Here are four reasons to buy Uber stock like there's no tomorrow.</p>
<div class="lb-trans"><p>重要的是，不要简单地假设这种增长会持续下去。投资者应该考虑能够支持进一步上涨的因素。在这种情况下，乐观的情绪很容易产生。以下是四个理由，说明为什么要毫不犹豫地购买优步股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5ODAvd2F2aW5nLWRvd24tYS1jYXItcmlkZS1vbi10aGUtc3RyZWV0LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F833980%2Fwaving-down-a-car-ride-on-the-street.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Growth</h2>
<div class="lb-trans"><h2>1. 增长</h2>
</div><p>The first reason to add Uber to your portfolio focuses on the company's growth, which has been spectacular. In the latest quarter (Q2 2025, ended June 30), Uber had 180 million monthly active platform consumers (MAPCs), up from 76 million exactly seven years ago. Unsurprisingly, this has led to soaring gross bookings and revenue in both the mobility and delivery segments.</p>
<div class="lb-trans"><p>将优步加入投资组合的第一个理由是公司的增长，这一增长非常显著。在最新的季度（2025 年第二季度，截止至 6 月 30 日），优步的每月活跃平台消费者（MAPCs）达到了 1.8 亿，七年前则为 7600 万。不出所料，这导致了出行和配送两个领域的总预订量和收入飙升。</p>
</div><p>Uber is currently available in 15,000 cities across the globe. However, there is still expansionary potential. Getting consumers to use multiple services, known as cross-promotion, is a big opportunity, as is boosting usage frequency.</p>
<div class="lb-trans"><p>优步目前在全球 15000 个城市提供服务。然而，仍然存在扩展的潜力。让消费者使用多种服务，即交叉推广，是一个巨大的机会，提高使用频率也是如此。</p>
</div><p>There's also the Uber One subscription program, which counts 36 million members. They spend significantly more than non-members. Increasing the share of MAPCs that become Uber One members can drive substantial growth.</p>
<div class="lb-trans"><p>此外，还有优步一号订阅计划，现有 3600 万会员。他们的消费显著高于非会员。增加成为优步一号会员的 MAPCs 比例可以推动可观的增长。</p>
</div><h2>2. Profitability</h2>
<div class="lb-trans"><h2>2. 盈利能力</h2>
</div><p>In 2019, Uber posted a whopping operating loss of $8.6 billion. Since then, management's intense focus on running the business in a more efficient manner has worked wonders. In the last six months, the company reported operating income of $2.7 billion. This impressive profitability is the second reason to buy the stock.</p>
<div class="lb-trans"><p>2019 年，优步的运营亏损高达 86 亿美元。自那时以来，管理层对提高业务效率的高度关注取得了显著成效。在过去六个月中，公司报告的运营收入为 27 亿美元。这一令人印象深刻的盈利能力是购买该股票的第二个理由。</p>
</div><p>Uber is proving that it can scale up in an extremely lucrative manner. Wall Street is bullish. Consensus analyst estimates call for earnings per share to increase at a compound annual rate of 23% between 2025 and 2027, much faster than projected revenue gains.</p>
<div class="lb-trans"><p>优步正在证明它能够以极具盈利性的方式实现规模化。华尔街持乐观态度。分析师的共识预期显示，2025 年至 2027 年每股收益将以 23% 的复合年增长率增长，远快于预计的收入增长。</p>
</div><p>Free cash flow is also pouring in, totaling $2.5 billion in the second quarter. This is giving the leadership team confidence. They just announced a $20 billion share buyback authorization.</p>
<div class="lb-trans"><p>自由现金流也在不断涌入，第二季度总计达到 25 亿美元。这让管理团队充满信心。他们刚刚宣布了一项 200 亿美元的股票回购授权。</p>
</div><h2>3. Autonomous vehicles</h2>
<div class="lb-trans"><h2>3. 自动驾驶汽车</h2>
</div><p>There are a lot of companies out there working on autonomous vehicle (AV) technology. While Uber previously had an AV unit, it sold this segment in 2020. Instead, the business is partnering with others, whether car makers or software providers, in an effort to help develop this technology. There are currently 20 partners.</p>
<div class="lb-trans"><p>目前有很多公司在研发自动驾驶汽车（AV）技术。虽然优步之前有一个自动驾驶部门，但在 2020 年将其出售。相反，该公司与其他公司（无论是汽车制造商还是软件提供商）合作，努力帮助开发这一技术。目前有 20 个合作伙伴。</p>
</div><p>Uber is in an advantageous position because it directly controls the relationship with 180 million MAPCs. Therefore, it has access to a large pool of demand. And it has expertise in operating a huge tech platform. This gives it a capital-light way to play in the AV market.</p>
<div class="lb-trans"><p>优步处于一个有利的位置，因为它直接控制着与 1.8 亿 MAPCs 的关系。因此，它可以接触到大量的需求。同时，它在运营大型技术平台方面拥有专业知识。这使得它在自动驾驶市场中以轻资本的方式参与。</p>
</div><p>This doesn't mean that Uber's strategy is completely fail-safe. For instance, there is a risk that <strong>Tesla</strong> could be successful in its efforts to scale up its robotaxi service. This would create a competing platform to Uber.</p>
<div class="lb-trans"><p>这并不意味着优步的战略是完全无懈可击的。例如，<strong>特斯拉</strong> 可能在扩大其机器人出租车服务方面取得成功，这将形成与优步竞争的平台。</p>
</div><h2>4. Economic moat</h2>
<div class="lb-trans"><h2>4. 经济护城河</h2>
</div><p>Buying and holding companies that possess an economic moat, or durable competitive advantages, can contribute to investing success. Uber has this important characteristic, which is the fourth reason to add the business to your portfolio.</p>
<div class="lb-trans"><p>购买和持有具有经济护城河或持久竞争优势的公司，可以促进投资成功。优步具备这一重要特征，这也是将该业务加入投资组合的第四个理由。</p>
</div><p>As a platform, the company benefits from a powerful network effect. More riders (drivers) add more value to drivers (riders), making the service more useful as it gets bigger.</p>
<div class="lb-trans"><p>作为一个平台，该公司受益于强大的网络效应。更多的乘客（司机）为司机（乘客）增加了更多的价值，使得服务在规模扩大时变得更加有用。</p>
</div><p>Uber also has noteworthy intangible assets that support its ongoing success. Its brand is so strong that its often used interchangeably as a verb, indicating robust user mindshare. And the company's ability to collect and utilize its data is also worth pointing out. This has spawned a new business line with digital advertising, a segment that raked in $1.5 billion in annualized revenue in Q1 earlier this year.</p>
<div class="lb-trans"><p>优步还拥有显著的无形资产，支持其持续成功。其品牌如此强大，以至于常常被用作动词，表明了强大的用户认知度。此外，该公司收集和利用数据的能力也值得一提。这催生了一个新的业务线，即数字广告，该领域在今年第一季度的年化收入达到了 15 亿美元。</p>
</div><p>Uber's growth trajectory, rising profits, position in the AV market, and economic moat are four reasons to buy the stock like there's no tomorrow.</p>
<div class="lb-trans"><p>优步的增长轨迹、利润上升、在自动驾驶市场的地位以及经济护城河是四个理由，说明为什么要毫不犹豫地购买该股票。</p>
</div>

购买优步股票的四个理由：抓住机会，刻不容缓