Summary
Uber Technologies, Inc. reported a strong first quarter for 2025, demonstrating significant growth and improved profitability. Revenue increased by 14% year-over-year to $11.5 billion, driven by robust performance in both the Mobility and Delivery segments. Mobility Gross Bookings saw a 20% increase on a constant currency basis, while Delivery Gross Bookings grew by 18%, also on a constant currency basis. This top-line growth translated into a substantial improvement in profitability, with income from operations reaching $1.23 billion, a significant jump from $172 million in the prior year's quarter. The company also achieved a net income of $1.8 billion, a dramatic turnaround from a net loss in the first quarter of 2024. This financial performance was bolstered by favorable unrealized gains on investments and a notable decrease in general and administrative expenses, largely due to lower legal-related accruals. Financially, Uber generated strong operating cash flow of $2.3 billion and free cash flow of $2.25 billion. The company also actively managed its capital structure, repurchasing $1.8 billion of its common stock during the quarter. Uber ended the period with $5.1 billion in cash and cash equivalents, and $8.6 billion in cash and cash equivalents, including restricted cash. The company continues to address various legal and regulatory matters, including driver classification challenges, which remain a significant ongoing risk. The company also announced a pending acquisition of an 85% stake in Trendyol GO in Türkiye for approximately $700 million, expected to close in the second half of 2025.
Financial Highlights
49 data points| Revenue | $11.53B |
| R&D Expenses | $815.00M |
| Operating Expenses | $10.30B |
| Operating Income | $1.23B |
| Net Income | $1.78B |
| EPS (Basic) | $0.85 |
| EPS (Diluted) | $0.83 |
| Shares Outstanding (Basic) | 2.09B |
| Shares Outstanding (Diluted) | 2.12B |
Key Highlights
- 1Revenue grew 14% year-over-year to $11.5 billion, driven by strong Mobility and Delivery performance.
- 2Income from operations significantly increased to $1.23 billion from $172 million in Q1 2024.
- 3Net income turned positive at $1.8 billion, a substantial improvement from a net loss in Q1 2024.
- 4Adjusted EBITDA increased by 35% to $1.9 billion, indicating operational leverage.
- 5Net cash provided by operating activities was $2.3 billion, and free cash flow was $2.25 billion, demonstrating strong cash generation.
- 6Uber repurchased $1.8 billion of its common stock during the quarter under its share repurchase program.
- 7The company announced an agreement to acquire an 85% controlling stake in Trendyol GO in Türkiye for approximately $700 million.