Uber analyst day was a bust with Wall Street. Why the stock is down.

Wall Street has been bullish on the ride-hailing giant for months.Thursday was supposed to be the beginning of an important chapter for Uber CEO Dara Khosrowshahi. The company's analyst-day presentation was set up to share his long-term vision of an ambitious, growing, and even profitable company.

Wall Street expected more. Uber's projection of $5 billion in adjusted earnings before interest, taxes, and other expenses was below many buy-side analysts' expectations of $5.2 billion or more. The company's projected margins of 11% for ride-hailing and 4.5% on the delivery business were no surprise either.

Still, there was not enough news for investors to reconsider the company's value of about $67 billion. The profit margins in the mobility and ride segments in 2024 were the same ones the company had discussed in December at an investment-banker conference.

Uber IPO failed

Because it loses money?

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