Companies /Technology

Uber Technologies Inc

NYSE: UBER Software - Application
$75.76
▼ $0.20 (−0.26%) today
Markets closed · 8:36pm ET

Q4 2025 Earnings

Reported Feb 4, 2026, 6:56am ET · SEC source
$0.71
Miss −8.52%
EPS · est. $0.78
$14.4B
Beat +0.30%
Revenue · est. $14.3B
+1.0%
Beating market
UBER vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
0+4%+8%+12%Feb 4Feb 5report 6:56am ETearnings−1.6%+7.6%
0+4%+8%+12%Feb 4Feb 5earnings−1.6%+7.6%
UBER +7.6%S&P 500 −1.6%
0+5%+10%Feb 4Feb 5report 6:56am ETearnings−2.6%+7.6%
0+5%+10%Feb 4Feb 5earnings−2.6%+7.6%
UBER +7.6%NASDAQ −2.6%
0+5%+10%Feb 3Feb 12report 6:56am ETearnings+0.4%−0.2%
0+5%+10%Feb 3Feb 12earnings+0.4%−0.2%
UBER −0.2%S&P 500 +0.4%
0+6%+12%Feb 3Feb 12report 6:56am ETearnings−0.3%−0.2%
0+6%+12%Feb 3Feb 12earnings−0.3%−0.2%
UBER −0.2%NASDAQ −0.3%
−5.15%
Day of report
+1.75%
Next session
−3.94%
One week
−0.11%
30 days

S&P 500 over the same 30 days: −1.15%.

Did UBER Beat Earnings? Q4 2025 Results

Uber closed out Q4 2025 with a mixed but fundamentally strong report, posting revenue of $14.37 billion, up 20.1% year-over-year and just ahead of the $14.34 billion consensus, while non-GAAP EPS of $0.71 fell short of the $0.78 analyst estimate by 8.83%, largely due to a $1.60 billion pre-tax headwind from equity investment revaluations that weighed on reported profitability. Beneath the headline miss, the operational story was compelling: trips surged 22% year-over-year to 3.8 billion, Gross Bookings reached $54.14 billion, and free cash flow hit a record $2.81 billion, up 65% year-over-year. Delivery was a standout, with revenue climbing 30% to $4.89 billion and Adjusted EBITDA jumping 40% to $1.01 billion. Looking ahead, Uber guided Q1 2026 Gross Bookings to $52.00 billion to $53.50 billion and Non-GAAP EPS of $0.65 to $0.72, and the company is doubling down on autonomous vehicles, committing over $100 million to build charging infrastructure as it positions itself as the leading facilitator of robotaxi trips globally.

Key Takeaways
  • Monthly Active Platform Consumers grew 18% YoY to 202 million
  • Trips grew 22% YoY to 3.8 billion, driven by MAPC growth and higher trips per MAPC
  • Delivery Gross Bookings grew 26% YoY, outpacing Mobility growth
  • Adjusted EBITDA margin expanded to 4.6% of Gross Bookings from 4.2% in Q4 2024
  • Delivery Adjusted EBITDA surged 40% YoY to $1,015 million
  • Mobility Adjusted EBITDA grew 25% to $2,203 million

“Uber accelerated into another record-breaking quarter, with more than 200 million monthly users completing more than 40 million trips every day—our largest and most engaged consumer base ever.”

Uber CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Uber anticipates Gross Bookings of $52.0 billion to $53.5 billion, representing 17% to 21% YoY growth on a constant currency basis, with a roughly 4 percentage-point currency tailwind to total reported YoY growth. Non-GAAP EPS is expected at $0.65 to $0.72, representing 37% YoY growth at the midpoint, translating to Adjusted EBITDA of $2.37 billion to $2.47 billion. The company stated it remains on track to deliver on its three-year growth and profit outlook.

UBER YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$4.0B$8.0B$12.0B$12.0B$14.4BRevenue$770.0M$1.8BOperating Income$6.9B$296.0MNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income

UBER Revenue by Segment

Mobility$8.2B+19.0%
Delivery$4.9B+30.0%
Freight$1.3B+0.0%

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