Companies /Technology

Uber Technologies Inc

NYSE: UBER Software - Application
$75.77
▼ $0.19 (−0.25%) today
Markets closed · 6:14pm ET

Q1 2025 Earnings

Reported May 7, 2025, 6:55am ET · SEC source
$0.83
Beat +65.04%
EPS · est. $0.50
$11.5B
Miss −0.74%
Revenue · est. $11.6B
−2.7%
Trailing market
UBER vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
0+3%+6%+9%May 7May 8report 6:55am ETearnings+1.3%+3.4%
0+3%+6%+9%May 7May 8earnings+1.3%+3.4%
UBER +3.4%S&P 500 +1.3%
0+3%+6%+9%May 7May 8report 6:55am ETearnings+1.6%+3.4%
0+3%+6%+9%May 7May 8earnings+1.6%+3.4%
UBER +3.4%NASDAQ +1.6%
0+5%+10%+15%May 6May 15report 6:55am ETearnings+4.1%+11.1%
0+5%+10%+15%May 6May 15earnings+4.1%+11.1%
UBER +11.1%S&P 500 +4.1%
0+5%+10%+15%May 6May 15report 6:55am ETearnings+6.5%+11.1%
0+5%+10%+15%May 6May 15earnings+6.5%+11.1%
UBER +11.1%NASDAQ +6.5%
−2.54%
Day of report
−1.61%
Next session
+8.08%
One week
+4.15%
30 days

S&P 500 over the same 30 days: +6.87%.

Did UBER Beat Earnings? Q1 2025 Results

Uber Technologies delivered a standout first quarter in 2025, with earnings per share of $0.83 beating the $0.50 consensus estimate by 65.04%, even as revenue of $11.53 billion came in just shy of the $11.62 billion Wall Street expected, a modest miss of 0.74% despite growing 13.8% year over year. The headline profit story was driven by a dramatic swing in operating performance, with income from operations surging to $1.23 billion from just $172 million a year ago, while net income reached $1.78 billion compared to a net loss of $654 million in Q1 2024, a reversal that reflected both strong platform leverage and significantly lower legal and administrative costs. Trips grew 18% to 3.0 billion, gross bookings reached $42.82 billion, and adjusted EBITDA expanded 35% to $1.87 billion. Bullish analyst sentiment around Uber's evolution into a scaled logistics platform appears increasingly supported by the numbers. Looking ahead, the company guided Q2 gross bookings of $45.75 billion to $47.25 billion and adjusted EBITDA of $2.02 billion to $2.12 billion.

Key Takeaways
  • 18% YoY trip growth to 3.0 billion trips
  • 14% YoY growth in Monthly Active Platform Consumers to 170 million
  • 3% YoY growth in monthly Trips per MAPC
  • Adjusted EBITDA margin expansion to 4.4% of Gross Bookings from 3.7%
  • Delivery segment Adjusted EBITDA grew 45% YoY
  • Mobility segment Adjusted EBITDA grew 19% YoY
  • Significant reduction in general and administrative expenses
  • Strong constant currency growth of 18% in Gross Bookings

“We kicked off the year with yet another quarter of profitable growth at scale, with trips up 18% and even stronger user retention.”

Uber CEO, on the earnings call

Forward Guidance & Outlook

For Q2 2025, Uber anticipates Gross Bookings of $45.75 billion to $47.25 billion, representing 16% to 20% year-over-year growth on a constant currency basis, with a roughly 1.5 percentage point currency headwind to total reported YoY growth (including roughly 3 percentage points headwind to Mobility). Adjusted EBITDA is expected to be $2.02 billion to $2.12 billion, representing 29% to 35% year-over-year growth. The company states it remains on track to deliver against its multiyear plan with disciplined capital allocation.

UBER YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$4.0B$8.0B$12.0B$10.1B$11.5BRevenue$172.0M$1.2BOperating Income$376.6M$1.8BNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income

UBER Revenue by Segment

Mobility$6.5B+15.0%
Delivery$3.8B+18.0%
Freight$1.3B−2.0%

Figures from SEC filings and company reports. Not investment advice.