Aspen Colorado along with Becky Quick and Joe Kernen. Second quarter results just out from Uber. Want to get straight to them.Earnings of $0.63% per share. It's in line with estimates. That's on revenue of $12.65% billion.That's ahead of expectations and trips during that quarter, growing 18% to $3.3% billion, 3.3% billion, not dollars, with monthly active platform consumers up 15%. That's over the prior year. Now, delivery revenue growing 20%.That also tops estimates and mobility. And we'll go through how ...

Uber announces $20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast https://t.co/6HBzV33LBy ...

Exhibit 99.1 Uber Announces Results for Second Quarter 2025 Trips and Gross Bookings grew 18% year-over-year Financial and Operational Highlights for Second Quarter 2025 Outlook for Q3 2025 For Q3 2025, we anticipate: Trailing twelve months operating cash flow of $8.8 billion and trailing twelve months free cash flow of $8.5 billion. (1) 1 • Trips during the quarter grew 18% year-over-year ("YoY") to 3.3 billion, driven by Monthly Active Platform Consumers ("MAPCs") growth of 15% YoY and monthly Trips per M ...

Core Viewpoint - Tesla's Robotaxi service is significantly cheaper than Uber, with price differences reaching up to 84% in some cases, indicating a revolutionary shift in the ride-hailing cost structure rather than a mere price war [5][11][13]. Pricing Comparison - A user conducted tests comparing Tesla Robotaxi and Uber fares in Austin, revealing that Tesla consistently offered lower prices across various distances, with an average discount exceeding 50% [6][12]. - For example, a nearly 9-mile trip cost Tesla $9.92 compared to Uber's $30.38, a difference of 67% [7][11]. - In another instance, a short trip of 0.97 miles cost Tesla $1.97 while Uber charged $12.36, marking an 84% price difference [11][12]. Cost Structure Analysis - The cost advantage of Tesla's service stems from its elimination of human drivers and the integration of vehicle, platform, and driver into a single automated system [15][16]. - Traditional ride-hailing services like Uber incur high costs due to driver wages, fuel, and platform fees, with drivers typically receiving around 70% of the fare [15]. - Tesla's model allows for a much lower operational cost, estimated at around $0.4 to $0.6 per mile, compared to Uber's higher costs due to its reliance on human drivers and additional fees [16][17]. Future Projections - Elon Musk has stated that Tesla aims to cover half of the U.S. population with its Robotaxi service by the end of the year, potentially impacting traditional ride-hailing platforms significantly [17]. - If successful, this could lead to substantial profits for Tesla, with projections suggesting a profit of $48 billion annually from a fleet of 100,000 Robotaxis [17].

Financial Data and Key Metrics Changes - The company reported revenue of $259 million in Q2 2025, a 29% increase year over year [30] - Vehicle deliveries reached 3,309 units, up 38% year over year, marking the sixth consecutive quarter of record deliveries [5][30] - Gross margin for the quarter was negative 105%, primarily due to a $54 million impact from tariffs, which accounted for a 21 percentage point decrease in gross margin [31] - Adjusted EBITDA was negative $632 million, down 12%, driven mainly by gross margin pressure [33] - The company ended the quarter with $3.6 billion in cash and investments, and total liquidity of $4.86 billion [34] Business Line Data and Key Metrics Changes - The company produced 3,863 vehicles in Q2 2025, an 83% increase year over year [6][30] - The Lucid Gravity vehicle is expected to be the majority of deliveries in the second half of the year, with production ramping up [61] Market Data and Key Metrics Changes - The company is navigating a volatile market environment, with ongoing challenges in the AAV sector, particularly in supply chain [30][34] - The company has updated its annual production guidance to a range of 18,000 to 20,000 vehicles for 2025 [36] Company Strategy and Development Direction - The company is focused on operational discipline, building a distinctive scalable brand, and maintaining a sustainable edge through technology [10] - A partnership with Uber was announced, involving a $300 million investment to support the development of a next-generation premium robotaxi [7][28] - The company plans to implement a one-for-ten reverse stock split to ensure equity remains accessible to institutional investors [29] Management Comments on Operating Environment and Future Outlook - Management acknowledged challenges in production due to supply chain issues but expressed confidence in overcoming these obstacles [12][13] - The company is committed to building a great business around its products, focusing on innovation, scaling responsibly, and maintaining capital discipline [25][37] Other Important Information - The company is expanding its brand awareness through partnerships with cultural figures, including Timothee Chalamet as a global brand ambassador [9][10] - The company is also working on enhancing its technology, including a software update for its advanced driver assist system [19] Q&A Session Questions and Answers Question: How many current Gravity orders are there? - The company does not disclose specific order numbers but noted a high conversion rate once customers experience the vehicle [39] Question: Is the midsize platform still on target for production in late 2026? - The midsize platform is still scheduled for production in late 2026, with deliveries expected to ramp up throughout 2027 [40][41] Question: How will the partnership with Uber aid in company growth? - The partnership is seen as an entry into a large market and validates the company's scalable platform [42] Question: Should we expect any changes to the midsize initial ASPs as they ramp up? - There are no expectations for changes to the initial ASPs of the midsize platform [44][46] Question: Can you provide an update on the Atlas powertrain? - The Atlas powertrain is on track to achieve the same efficiency or better at a lower cost [56] Question: How much do write-downs on inventories and losses on firm purchase commitments relate to tariffs? - The tariff impact in Q2 was approximately $55 million, with expectations for reimbursements later in the year [77][81]

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Core Insights - Uber Technologies (UBER) is set to release its Q2 2025 results on August 6, with gross bookings being a critical performance metric [1] - The company has consistently beaten earnings estimates in the past four quarters, averaging a surprise of 212.3% [1] Q1 2025 Highlights - Uber reported mixed results for Q1 2025, with earnings per share of 83 cents surpassing the Zacks Consensus Estimate of 51 cents, while total revenues of $11.5 billion fell short of the estimate of $11.6 billion [2] - The revenue increased by 14% year-over-year on a reported basis and 17% on a constant currency basis [2] Revenue Breakdown - Mobility segment contributed 56.3% of total revenues, with a year-over-year increase of 15% on a reported basis and 18% on a constant currency basis, totaling $6.49 billion [3] - Delivery segment revenues rose by 18% year-over-year on a reported basis and 22% on a constant currency basis to $3.77 billion, driven by increased delivery gross bookings and advertising revenues [4] - Total gross bookings increased by 14% year-over-year on a reported basis and 18% on a constant currency basis to $42.81 billion, aligning with the guided range of $42-$43.5 billion [4] Q2 2025 Gross Bookings Outlook - Gross bookings for Q2 2025 are expected to be between $45.75 billion and $47.25 billion, indicating a growth of 16-20% on a constant currency basis compared to Q2 2024 [5] - The estimated gross bookings for Q2 2025 is $46.23 billion, slightly below the midpoint of the guidance [5] - Management anticipates a 1.5 percentage point impact from currency headwinds, with Mobility segment gross bookings expected to be $23.8 billion (16% growth) and Delivery segment gross bookings projected at $21.1 billion (16.4% growth) [6] Earnings and Revenue Estimates - The Zacks Consensus Estimate for Q2 2025 earnings is 62 cents per share, compared to 47 cents per share reported in Q2 2024 [8] - The consensus estimate for sales is $12.46 billion, reflecting a year-over-year increase of 16.41% [9] Competitive Landscape - Lyft (LYFT), a key competitor, is also set to report Q2 2025 results on August 6, with an Earnings ESP of 0.00% and a Zacks Rank 4 [11] - DoorDash (DASH), another competitor, has an Earnings ESP of +3.03% and a Zacks Rank 1, with a consensus revenue estimate of $3.16 billion, indicating a year-over-year growth of 20.3% [13][14]

Group 1: Market Overview - Uber Technologies and Lyft dominate the American rideshare market, with Uber holding approximately 75% of the market share and expanding into food delivery through Uber Eats [1] - Lyft primarily focuses on ridesharing but has also ventured into bike and scooter rentals [1] Group 2: Earnings Information - Uber is set to report earnings on August 6, with a consensus EPS estimate of $0.62, reflecting a year-over-year increase of over 31% from $0.47 [2] - Analysts forecast Uber's revenue to be around $12.46 billion, indicating a year-over-year growth of over 16% from $10.7 billion in Q2 2024 [2] - Lyft will also report earnings on August 6, with a consensus EPS estimate of $0.27, compared to $0.03 in the same quarter last year [6] - Lyft's revenue is projected to be approximately $1.61 billion, representing a year-over-year increase from $1.44 billion reported in Q2 2024 [7] Group 3: Gross Bookings and Performance - Uber's guidance for Gross Bookings is projected between $45.75 billion and $47.25 billion, indicating a growth of 16-20% on a constant-currency basis [3] - Uber has surpassed consensus estimates in four of the past five quarters, with an average surprise of 212.26% [4][5] - Lyft has beaten consensus estimates in eight of the past nine quarters, with an average surprise of 24.19% [8][9] Group 4: Stock Performance - In 2025, Uber's stock has gained 44.1%, significantly outperforming Lyft's 5.6% increase [10] Group 5: Robotaxi Developments - The emergence of robotaxis presents both threats and opportunities for Uber and Lyft, with companies like Waymo and Tesla leading the charge in autonomous ride-hailing services [13] - Uber is forming partnerships with robotaxi leaders such as Waymo and Baidu, aiming to deploy 20,000 new robotaxis by 2032 [14] - Lyft is adopting an asset-light model, partnering with Mobileye for autonomous ride-hailing services [15] Group 6: Strategic Focus - Investors will be keen to see if Lyft can maintain profitability with its 'growth with discipline' strategy and how its European expansion is progressing [16] - Uber's aggressive approach in the robotaxi market will be a focal point for investors [16]

Core Viewpoint - CNBC's Jim Cramer believes Uber Technologies could see its stock price more than double to $200, calling it a "cash flow juggernaut" and encouraging investors to buy more shares at current levels [1][2]. Group 1: Stock Performance - At the time of Cramer's remarks, Uber's stock was trading at $89.94, but it has since declined to $87.70, representing a decrease of approximately 2.5% [2]. - Cramer's price target of $200 would more than double Uber's current valuation, significantly exceeding Wall Street's most optimistic estimates [3]. Group 2: Analyst Opinions - Wells Fargo analyst Ken Gawrelski raised his price target for Uber from $100 to $120, maintaining an Overweight rating, which is still $80 below Cramer's prediction [3]. Group 3: Business Performance - Uber has experienced a 48% increase in stock value over the past year, driven by strong cash flow growth and ongoing expansion across its various business lines, including ridesharing, food and retail delivery, and freight logistics [4]. - Cramer's forecast suggests that investors may be underestimating Uber's potential to convert its operational strengths into long-term equity gains [4].

Key Takeaways Uber projects Q2 gross bookings of $45.75-$47.25B, up 16-20% on a constant-currency basis.Adjusted EBITDA for Q2 is expected in the range of $2.02-$2.12B, implying 29-35% year-over-year growth.Uber's valuation is high with a forward P/E of 26.93, above the industry's 19.27, despite strong YTD gains.Uber Technologies (UBER) is slated to release second-quarter 2025 results on Aug. 6, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged ...