Core Insights - Uber Technologies has transformed into a cash-generating company, showcasing substantial free cash flow generation [1] - The company's Q2 earnings indicate that growth is outpacing stock performance, reinforcing a strong buy rating [2][3] Financial Performance - Q2 revenue exceeded estimates by $230 million, and GAAP EPS surpassed expectations by $0.01, indicating solid financial performance [3] - Key performance indicators (KPIs) such as Monthly Active Platform Consumers (MAPCs) grew by 15% year-over-year, while trips increased by 18%, demonstrating robust growth potential [4] - Gross bookings and revenue both experienced an 18% growth, reflecting strong operational performance [4] Profitability Metrics - Adjusted EBITDA grew by 35% year-over-year, with a margin increase of 0.6 percentage points compared to Q2 2024, highlighting improved profitability [5] - Free cash flow conversion exceeded 110% over the last 12 months, indicating effective cash generation capabilities [5] - Operating cash flow significantly surpassed adjusted EBITDA, primarily due to stock-based compensation, resulting in exceptional cash generation [5]