- UBER TECHNOLOGIES INC
- 07 May 2025 17:17:25
Source: Sharecast
The company said that it made 3bn trips over the first three months of 2025, up 18% on last year, with monthly active platform customers rising by 14%.
Gross bookings and total revenues both improved by 14% year-on-year to $42.8bn and $11.5bn respectively, but analysts were widely expecting figures closer to $43bn and $11.6bn, respectively.
Nevertheless, adjusted EBITDA surged 35% to $1.9bn, while the company posted a net profit of $1.78bn, compared with a $645m loss a year earlier. Earnings came in at 83 cents per share, up from a 32 cents loss previously, and slightly ahead of the 81 cents estimate.
Despite the first-quarter revenue miss, Uber said it is expecting gross bookings of $45.8bn-47.3bn in the second quarter, with the mid-range comfortably ahead of the current $45.8bn consensus forecacst.
“We delivered over $2bn of quarterly free cash flow, with multiple levers in our control to generate industry-leading cash flow growth,” said chief financial officer Prashanth Mahendra-Rajah.
“We remain focused on disciplined capital allocation to drive greater financial durability and are on track to deliver against our multiyear plan.”
Uber shares were down 2.6% at $83.59 by 1215 in New York.