Getaround Inc

Getaround, Inc. engages in the provision of car rental services. It offers digital rentals across 8 countries worldwide, including the United States and across Europe. The company is headquartered in San Francisco, CA.

Earnings data Q3 2023

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Getaround, Inc. engages in the provision of car rental services. It offers digital rentals across 8 countries worldwide, including the United States and across Europe. The company was founded in September 2009 and is headquartered in San Francisco, CA.

Here is how Getaround, Inc. (GETR) and Integral Ad Science (IAS) have performed compared to their sector so far this year.

Is Getaround, Inc. (GETR) Stock Outpacing Its Business Services Peers This Year?

Getaround (NYSE: GETR ) layoffs are on the way for employees of the peer-to-peer car-sharing marketplace company. A press release from Getaround notes that this will have it laying off roughly 30% of its North American employees.

Getaround Layoffs 2024: What to Know About the Latest GETR Job Cuts

Car-sharing company Getaround Inc. will lay off roughly one-third of its workforce in an effort to further reduce costs.

Getaround will lay off 30% of its workforce to further reduce costs

Peer-to-peer carsharing marketplace Getaround is laying off about 30% of its North American staff as part of a restructuring plan. The company will restructure its workforce and operations to reduce costs, align with the globalization of its business, lengthen its cash runway and accelerate its path to profitability, Getaround said in a Wednesday (Feb. 7) press release.

Getaround to Restructure, Lay Off 30% of North American Staff

Getaround, a company helps vehicle owners rent out their cars, trucks and SUVs to other peers, is cutting 30% of its North American workforce as part of a restructuring.

Car-sharing company Getaround cuts one third of U.S. workforce

SAN FRANCISCO--(BUSINESS WIRE)--Getaround Announces Restructuring Plan to Accelerate the Path to Profitability.

Getaround Announces Restructuring Plan to Accelerate the Path to Profitability

Getaround (NYSE: GETR ) stock is rocketing higher on Monday after the peer-to-peer car-sharing company announced $20 million in new financing. The new debt facility comes from Mudrick Capital Management and gives it up to $20 million to work with for its 2024 operating plan.

Why Is Getaround (GETR) Stock Up 89% Today?

SAN FRANCISCO--(BUSINESS WIRE)--Getaround (NYSE: GETR), the world's first connected carsharing marketplace, today announced a new debt facility with Mudrick Capital Management for up to $20 million in additional capital to provide funding for its 2024 operating plan, with Getaround having drawn the first $5 million. The financing follows strong Q3 2023 financial results that Getaround announced in their December earnings call: strong revenue growth (+42% year-over-year) and improvement in trip.

Getaround Secures $20 Million in Financing, Following Strong Q3 2023 Results

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Getaround (NYSE: GETR ) stock is on the rise Friday following the release of the peer-to-peer car-sharing company's Q3 2023 earnings report. The earnings report includes revenue of $23.8 million for the quarter.

Why Is Getaround (GETR) Stock Up 106% Today?

Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination. The company's third-quarter earnings report details a company seeing quick revenue growth, but not enough top line yet to cover its expenses.

Getaround's Q3 earnings delight investors, but the company isn't out of the woods yet

SAN FRANCISCO--(BUSINESS WIRE)--Getaround (NYSE: GETR), the world's first connected carsharing marketplace, today announced financial results for the period ended September 30, 2023. “Getaround is now the leader in gig car sharing. We believe our performance in the third quarter marked an inflection point in our growth as a company, with a significant increase in total revenues over 2022, achieving an annualized revenue run-rate of $95 million,” said Sam Zaid, CEO and Founder of Getaround. “We'.

Getaround Reports Strong 3Q 2023 Results with 42% Year-Over-Year Growth in Revenue

SAN FRANCISCO--(BUSINESS WIRE)--Getaround, Inc. (NYSE: GETR) (“Getaround” or “the Company”), the world's first connected carsharing marketplace, plans to conduct a conference call with analysts to discuss its third quarter 2023 results and business outlook on December 14, 2023 at 5:00 p.m. Eastern time. After the close of the market on December 14 and prior to the conference call, Getaround will issue a copy of its third quarter earnings press release via Business Wire. The press release may al.

Getaround Sets Date for Third Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Getaround, Inc. (the “Company”), each whole warrant exercisable for one share of common stock, each at an exercise price of $11.50 per share (the “Warrants”) — ticker symbol GETR WS — from the NYSE. Trading in the Company's Warrants will be suspended immediately. Trading in the Company's common stock —.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Getaround, Inc. (GETR WS)

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SAN FRANCISCO & CHICAGO--(BUSINESS WIRE)--Getaround (NYSE: GETR), the world's first connected carsharing marketplace, today announced a new innovative alliance with TransUnion (NYSE: TRU), a global information and insights company, to integrate TransUnion's TruVision™ Traditional Auto Insurance Score for better risk assessment to both reward good drivers and improve the economics of the Getaround marketplace. The innovation is a significant enhancement to the recently announced Getaround TrustS.

Getaround and TransUnion to Bring TruVision Credit Insurance Auto Score to Carsharing Marketplace

Guest s avings of up to 15% ATLANTA , June 15, 2023 /PRNewswire/ -- A xle , the leading universal API for insurance data, is pleased to announce a partnership with Getaround (NYSE: GETR), the world's first connected carsharing marketplace. The collaboration will enable Getaround guests to bring their own insurance to the platform, providing them more flexible protection options and control of their carsharing experience.

Axle and Getaround Partner to Allow Guests to Use Their Own Car Insurance, and Reduce Costs

After we shell out $30,000 or $40,000 for a car, it becomes all too easy to forget that our vehicles are often sitting idle for the majority of the day. “We own too many cars.

Getaround CEO Says AI Helps Platforms Monetize Idle Autos

SAN FRANCISCO--(BUSINESS WIRE)--Getaround (NYSE: GETR) (“Getaround” or “the Company”), the world's first connected carsharing marketplace, today announced Getaround TrustScore v2.0, a proprietary next-generation artificial intelligence (AI) model to improve the safety and economics of its carsharing marketplace. Preliminary results indicate a cost savings of up to 50% of claims and insurance expense — one of the Company's largest cost centers. Getaround TrustScore v2.0 combines machine learning.

Getaround Launches AI Based TrustScore v2.0 to Enhance Profitability and Carsharing Marketplace Safety

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SAN FRANCISCO--(BUSINESS WIRE)--Getaround Expands Executive Leadership Team, Appoints Eduardo Iniguez SVP of Finance & Strategy, AJ Lee VP of Gig Marketplace.

Getaround Expands Executive Leadership Team, Appoints Eduardo Iniguez SVP of Finance & Strategy, AJ Lee VP of Gig Marketplace

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SAN FRANCISCO--(BUSINESS WIRE)--Getaround (NYSE: GETR), the world's first connected carsharing marketplace, today announced the Company has closed on its acquisition of substantially all of the assets of HyreCar (OTC: HYRE), a premier gig carsharing marketplace.

Getaround Closes Acquisition of HyreCar Assets

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Getaround Inc said that it will scale its car sharing platform by acquiring the assets of HyreCar, another car sharing marketplace for $9.45 million. San Francisco-based Getaround said that it expects to realize up to $75 million of run rate annualized gross booking value from the deal, which will contribute to positive adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, profitability.

News for Getaround Inc Stock (GETR)