Uber on Wednesday defeated analysts’ revenue expectations, but reported that he was shy about the expected revenue growth for the quarter. The company’s shares fell 2.5%.
Here’s how Uber made analyst estimates compiled by LSEG:
Earnings per share: 83 cents vs. 50 cents forecast. Revenue: $11.53 billion versus $11.62 billion is expected.
Revenues for the ride company increased by about 14% in the first three months of 2025, up from $10.13 billion in the same period in 2024.
Uber also reported net income for the first quarter of approximately $1.788 billion or 83 cents per share, up from a quarter’s net loss of $654 million, or a loss of 32 cents per share a year ago.
Uber CEOs Dara Khosrowshahi and CFO Prashanth Mahendra-Rajah said they expect total bookings to reach $45.755 billion to $472.5 billion during the current quarter, with revenues adjusted for interest, taxes, depreciation and amortization of $220 million to $220 million over the period.
In April, the Federal Trade Commission sued Uber, denounced the company of “deceptive claims and cancellation practices” over a subscription service called Uber One.
“It’s a bit of a head scratcher for us,” Khosrowshahi told CNBC’s “Squawk Box” on Wednesday.
He said 60% of the company’s total bookings in the Uber Eats business come from Uber One members, and subscription services are growing rapidly.
“The lawsuit alleges that some people are unaware that signing up or canceling is difficult, but we recommend that you experience it yourself,” Khosrowshahi said. “It’s very simple. I’ll do a few steps so I can cancel it if necessary.”
Uber’s largest business segment, including its ride and food and grocery delivery services, has seen bookings increase year-on-year.
The main segment numbers are:
Mobility (total reservation): $211.8 billion, age 13% increase (total reservation): $20.38 billion, 15% increase from the previous year
The company also said “monthly active platform consumers” rose to 170 million, an increase of 14% from the first quarter last year. Users booked approximately 3.04 billion “travels” in the first quarter of 2025, an increase of 18% from the first quarter of 2024.
Uber told employees at the end of April that they would have to come to the office three days a week, not two people, including remote staff. The company also announced changes to the sabbatical merits paid in the month, raising the requirements for the company from five to eight years.
Khosrowshahi defended policy changes at last week’s heated all-hand meeting, as CNBC previously reported.
“Our company runs very well, but we need to be at the top of the game. That means the people we work with in our office,” he told CNBC on Wednesday.
Uber is also promoting autonomous vehicles, or AV technology. Khosrowshahi said the company views AVS as “the only greatest opportunity for Uber to come.”
Uber allows app users to book Robotaxi rides in some US markets, or order food for delivery via self-driving cars in other markets.
Khosrowshahi said Uber has reached an “annual run rate” of 1.5 million autonomous vehicle travel.
Dara Khosrowshahi, CEO of Uber Technologies, will speak on the third day of the FAE Priority Summit, held in Miami Beach, Florida, February 21, 2025.
Joe Raedle | Getty Images
In March, the company began offering users in Austin, Texas the option to welcome Robotaki from its partners. alphabet– Waymo exclusively owned via the Uber platform.
Khosrowshahi said the Waymo Austin launch “exceeds Uber’s expectations, with around 100 Waymo vehicles operating in Austin being “busier than more than 99% of all Austin drivers.”
In addition to the Waymo partnership, Uber agrees to work together VolkswagenAvride, May Mobility, and the automatic transport company Aurora for Autonomous Ride-Hailing and Freight Services and Freight Services for Us uber have additional international partnerships with AV companies, including Weride, Pony.ai and Momenta.
“Based on by the consistent strength of our core business, we continue to build for the future, including the announcement of five new self-driving cars last week,” Khosrowshahi said in the release.
Clarification: This story has been updated to clarify that Uber has given coordinated EBITDA guidance.
