Uber Q1 2025 Earnings: EPS Beats Estimates, Revenue Misses as Trip Volume Climbs
Uber Technologies Inc. reported its first-quarter 2025 financial results on Wednesday, beating Wall Street’s earnings forecast but falling short on revenue. Despite reporting 83 cents in earnings per share versus the expected 50 cents, Uber's stock dipped nearly 5% after revenue came in at $11.53 billion, slightly below the $11.62 billion analysts predicted, according to LSEG.
Total revenue rose by 14% year-over-year, up from $10.13 billion in Q1 2024. Net income reached $1.78 billion, a sharp turnaround from a $654 million loss the previous year.
Uber’s CEO Dara Khosrowshahi emphasized the company's long-term growth outlook, especially in autonomous vehicle (AV) technology, calling it the “single greatest opportunity ahead for Uber.”
However, not all headlines were positive. In April, the Federal Trade Commission (FTC) sued Uber over allegedly deceptive billing practices related to its subscription service, Uber One. CEO Khosrowshahi responded to the lawsuit, calling the allegations a “head-scratcher,” and defended the simplicity of the cancellation process.
Uber One now accounts for 60% of Uber Eats' gross bookings, indicating strong consumer adoption.
Uber Technologies Inc. reported its first-quarter 2025 financial results on Wednesday, beating Wall Street’s earnings forecast but falling short on revenue. Despite reporting 83 cents in earnings per share versus the expected 50 cents, Uber's stock dipped nearly 5% after revenue came in at $11.53 billion, slightly below the $11.62 billion analysts predicted, according to LSEG.
Total revenue rose by 14% year-over-year, up from $10.13 billion in Q1 2024. Net income reached $1.78 billion, a sharp turnaround from a $654 million loss the previous year.
Uber’s CEO Dara Khosrowshahi emphasized the company's long-term growth outlook, especially in autonomous vehicle (AV) technology, calling it the “single greatest opportunity ahead for Uber.”
Segment Highlights:
- Mobility Gross Bookings: $21.18 billion, up 13% YoY
- Delivery Gross Bookings: $20.38 billion, up 15% YoY
- Monthly Active Platform Users: 170 million (↑ 14%)
- Total Trips: 3.04 billion (↑ 18% YoY)
However, not all headlines were positive. In April, the Federal Trade Commission (FTC) sued Uber over allegedly deceptive billing practices related to its subscription service, Uber One. CEO Khosrowshahi responded to the lawsuit, calling the allegations a “head-scratcher,” and defended the simplicity of the cancellation process.
Uber One now accounts for 60% of Uber Eats' gross bookings, indicating strong consumer adoption.