Uber Announces Results for Fourth Quarter and Full Year 2025

Core Insights - Uber Technologies, Inc. reported record-breaking financial results for Q4 and full year 2025, with over 200 million monthly users and more than 40 million daily trips, indicating a strong consumer base and engagement [2] - The company achieved $193 billion in Gross Bookings and $10 billion in free cash flow, reflecting the effectiveness of its platform strategy [2][3] - Uber is positioned for significant growth in the autonomous vehicle (AV) sector, with plans to invest in various opportunities while maintaining strong cash flow [2] Financial Highlights for Q4 2025 - Trips increased by 22% year-over-year (YoY) to 3.8 billion, driven by an 18% growth in Monthly Active Platform Consumers (MAPCs) and a 3% increase in monthly trips per MAPC [5][6] - Gross Bookings rose 22% YoY to $54.1 billion, with revenue growing 20% YoY to $14.4 billion [5][6] - GAAP Income from operations surged 130% YoY to $1.8 billion, while GAAP Net income attributable to Uber was $296 million, impacted by a $1.6 billion net headwind from equity investment revaluations [5][6] Full Year 2025 Financial Highlights - Total trips for the year reached 13.6 billion, a 20% increase from 2024 [7] - Gross Bookings for the year were $193.5 billion, up 19% YoY, with revenue increasing 18% to $52 billion [7][8] - GAAP Income from operations nearly doubled, growing 99% to $5.6 billion, while GAAP Net income attributable to Uber was $10.1 billion, a 2% increase [7][8] Q1 2026 Outlook - For Q1 2026, Uber anticipates Gross Bookings between $52.0 billion and $53.5 billion, representing a growth of 17% to 21% YoY [4] - Non-GAAP EPS is projected to be between $0.65 and $0.72, indicating a 37% growth YoY at the midpoint [4] - Adjusted EBITDA is expected to range from $2.37 billion to $2.47 billion [4] Segment Performance - In Q4 2025, Mobility gross bookings were $27.4 billion, a 20% increase YoY, while Delivery gross bookings rose 26% to $25.4 billion [9] - Revenue from Mobility increased by 19% to $8.2 billion, and Delivery revenue grew by 30% to $4.9 billion [9] - Adjusted EBITDA for Mobility was $2.2 billion, up 25%, while Delivery's Adjusted EBITDA increased by 40% to $1.0 billion [10]