Dara Khosrowshahi, CEO of Uber attends the fifty fifth annual World Financial Discussion board (WEF) assembly in Davos, Switzerland, January 23, 2025.
Yves Herman | Reuters
Uber reported first-quarter outcomes Wednesday that beat analysts’ expectations for earnings, however fell shy of anticipated income progress for the quarter. Shares fell about 5% following the report.
Here is how Uber did versus analysts’ estimates compiled by LSEG:
- Earnings per share: 83 cents vs. 50 cents anticipated.
- Income: $11.53 billion vs. $11.62 billion anticipated.
Income on the ride-sharing firm grew about 14% within the first three months of 2025, up from $10.13 billion throughout the identical interval in 2024.
The corporate additionally reported web earnings of round $1.78 billion or 83 cents per share in the course of the first three months of 2025, up from a web lack of $654 million, or a lack of 32-cent loss per share, in the course of the first quarter of 2024.
Uber’s largest enterprise segments, which embrace its ride-hailing enterprise and meals and grocery supply service, noticed bookings enhance year-over-year.
Listed here are the important thing phase numbers:
- Mobility (gross bookings): $21.18 billion, up 13% yr over yr
- Supply (gross bookings): $20.38 billion, up 15% yr over yr
The corporate additionally stated its “month-to-month energetic platform shoppers,” had grown to 170 million, up 14% from the primary quarter of final yr. Customers booked round 3.04 billion “journeys” in the course of the first quarter of 2025, up 18% from the primary quarter of 2024.
Uber CEO Dara Khosrowshahi and CFO Prashanth Mahendra-Rajah stated they count on gross bookings to achieve between $45.75 billion and $47.25 billion in the course of the present quarter, with EBITDA within the vary of $2.02 billion to $2.12 billion for that interval.
Khosrowshahi additionally stated the corporate views autonomous autos, or AV expertise, as “the one best alternative forward for Uber.”
Uber permits app customers to e-book robotaxi rides in some U.S. markets, or order meals for supply through autonomous automobile in others.
Khosrowshahi stated Uber reached an “annual run-rate” of 1.5 million autonomous automobile journeys.
In March, the corporate started to supply customers in Austin, Texas the choice to hail a robotaxi from its associate, Alphabet-owned Waymo solely through the Uber platform.
Khosrowshahi stated the Waymo Austin launch “exceeded” Uber’s expectations and round 100 Waymo autos working in Austin at the moment are “busier than over 99% of all drivers” in Austin so far as accomplished journeys per day.
Apart from its Waymo partnership, Uber has additionally agreed to work with Volkswagen, Avride, Could Mobility, and the autonomous trucking firm Aurora for autonomous ride-hailing and freight companies within the U.S. Uber has extra partnerships with AV firms internationally together with with WeRide, Pony.AI and Momenta.
Executives are scheduled to debate Uber’s first-quarter outcomes and plans throughout an earnings name Wednesday at 8:00 a.m. EDT.
