Companies /Technology

Uber Technologies Inc

NYSE: UBER Software - Application
$75.76
▼ $0.20 (−0.26%) today
Markets closed · 6:39pm ET

Q3 2025 Earnings

Reported Nov 4, 2025, 6:56am ET · SEC source
$3.11
Beat +353.15%
EPS · est. $0.69
$13.5B
Beat +1.55%
Revenue · est. $13.3B
−5.1%
Trailing market
UBER vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0+3%Nov 4Nov 5report 6:56am ETearnings+0.6%−2.8%
−6%−3%0+3%Nov 4Nov 5earnings+0.6%−2.8%
UBER −2.8%S&P 500 +0.6%
−6%−3%0+3%Nov 4Nov 5report 6:56am ETearnings+0.2%−2.8%
−6%−3%0+3%Nov 4Nov 5earnings+0.2%−2.8%
UBER −2.8%NASDAQ +0.2%
−4%0+4%Nov 3Nov 12report 6:56am ETearnings+1.3%−2.2%
−4%0+4%Nov 3Nov 12earnings+1.3%−2.2%
UBER −2.2%S&P 500 +1.3%
−4%0+4%Nov 3Nov 12report 6:56am ETearnings+0.2%−2.2%
−4%0+4%Nov 3Nov 12earnings+0.2%−2.2%
UBER −2.2%NASDAQ +0.2%
−5.06%
Day of report
−2.03%
Next session
−1.13%
One week
−3.54%
30 days

S&P 500 over the same 30 days: +1.55%.

Did UBER Beat Earnings? Q3 2025 Results

Uber posted a blowout third quarter, reporting earnings per share of $3.11 against a consensus estimate of just $0.69, a beat of more than 353%, while revenue climbed 20.4% year-over-year to $13.47 billion, edging past the $13.26 billion analyst estimate. The headline net income of $6.63 billion was heavily influenced by a $4.90 billion tax valuation allowance release and $1.50 billion in equity investment gains, but the underlying business showed genuine momentum: Adjusted EBITDA grew 33% to $2.26 billion as trips surged 22% to 3.5 billion and Monthly Active Platform Consumers reached 189 million. Delivery was the standout segment, with Gross Bookings rising 25% to $23.32 billion and Adjusted EBITDA jumping 47% to $921 million, a dynamic that has drawn attention from major grocery chains deepening their third-party delivery partnerships. Despite the strong results, <a href="https://247wallst.com/investing/2025/11/04/uber-shares-fall-9-despite-reporting-strong-q3-earnings/">shares declined sharply</a> on the day. Looking ahead, management guided Q4 Gross Bookings of $52.25 billion to $53.75 billion and Adjusted EBITDA of $2.41 billion to $2.51 billion, representing 31% to 36% year-over-year growth.

Key Takeaways
  • Trips grew 22% YoY to 3.5 billion, one of the largest trip-volume increases in company history
  • Monthly Active Platform Consumers grew 17% YoY to 189 million
  • Monthly Trips per MAPC grew 4% YoY
  • Delivery Gross Bookings grew 25% YoY, outpacing Mobility growth
  • Adjusted EBITDA margin as a percentage of Gross Bookings expanded to 4.5% from 4.1%
  • Delivery segment Adjusted EBITDA grew 47% YoY to $921 million

“Uber's growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company's history. We're building on that momentum by investing in lifelong customer relationships, leaning into our local commerce strategy, and harnessing the transformative potential of AI and autonomy.”

Uber CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, Uber anticipates Gross Bookings of $52.25 billion to $53.75 billion, representing 17% to 21% YoY growth on a constant currency basis, with a roughly 1 percentage-point currency tailwind to total reported YoY growth. Adjusted EBITDA is expected to be $2.41 billion to $2.51 billion, representing 31% to 36% YoY growth. The company intends to redeem its $1.2 billion Convertible Notes due December 2025 in Q4 2025.

UBER YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$4.0B$8.0B$12.0B$11.2B$13.5BRevenue$1.1B$1.1BOperating Income$2.6B$6.6BNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income

UBER Revenue by Segment

Mobility$7.7B+20.0%
Delivery$4.5B+29.0%
Freight$1.3B+0.0%

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