Uber (UBER) Q1 2025 Earnings
How Did UBER Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +6.87%.
Did UBER Beat Earnings? Q1 2025 Results
Yes. Uber reported Q1 2025 earnings of $0.83 a share on May 7, 2025, beating the $0.50 consensus estimate by 65.0%. Revenue was $11.5B against a $11.6B estimate.
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.
- 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
What Was Uber's Outlook in Q1 2025?
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
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $11.5B | $10.1B | +13.8% |
| Operating Income | $1.2B | $172.0M | +614.0% |
| Net Income | $1.8B | $376.6M | +371.6% |
UBER Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.