Uber

UBER Q1 2025 Earnings

Reported May 7, 2025 at 6:55 AM ET · SEC Source

Q1 25 EPS

$0.83

BEAT +65.04%

Est. $0.50

Q1 25 Revenue

$11.53B

MISS 0.74%

Est. $11.62B

vs S&P Since Q1 25

-39.5%

TRAILING MARKET

UBER -11.0% vs S&P +28.4%

Market Reaction

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 mis… Read more 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
24/7 Wall St

UBER YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

UBER Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25

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

— Dara Khosrowshahi, Q1 2025 Earnings Press Release