Will Gross Bookings Growth Lift UBER's Q2 Earnings Results?

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]