Key Takeaways UBER posted Q4 EPS of 71 cents, missing estimates, even as revenues rose 20% to $14.3 billion. Mobility and Delivery units drove growth, with gross bookings up significantly year over year.The stock fell on soft March-quarter EPS guidance amid high investments in affordable rides and AV push. On Feb. 4, San Francisco, CA-based Uber Technologies (UBER) reported lower-than-expected earnings per share for the fourth quarter of 2025, causing its shares to lose value. Moreover, the earnings guidanc ...

受净利润下滑的影响，美股开盘后Uber股价下跌超5%。 当地时间2月4日，美国移动出行平台优步科技公司（Uber）发布了2025年第四季度财报。 财报显示，第四季度Uber营收同比增长20%至144亿美元。根据美国通用会计准则（GAAP），归属于 Uber的净利润为2.96亿美元，同比下跌96%。对此，Uber表示2024年第四季度净利润包括因税务估值释 放而获得的64亿美元收益，以及因Uber股权投资重估而获得的5.56亿美元税前净收益。2025年第四季度 净利润包括因Uber股权投资重估而导致的16亿美元税前净亏损。此外，2025年第四季度公司非GAAP净 利润同比增长25%至15亿美元。 今年以来，Uber已经公布了在自动驾驶领域的多项进展。1月6日，Uber宣布正与英伟达合作开发新的解 决方案，以支持人工智能驱动的自动驾驶技术的发展。 1月27日，Uber宣布成立AV Labs（自动驾驶实验室），并表示实验室汇聚了数据、机器学习、计算机 视觉、系统和基础设施等领域的专家，通过构建驱动自动驾驶学习的核心能力，包括从数据挖掘和仿真 到验证以及感知、预测和规划等系统级改进等，加速整个生态系统的发展。 Ube ...

Uber Technologies (NYSE:UBER) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsAlix Anfang - Head of Investor RelationsBalaji Krishnamurthy - Incoming CFODara Khosrowshahi - CEOPrashanth Mahendra-Rajah - CFOConference Call ParticipantsBrian Nowak - AnalystDoug Anmuth - AnalystEric Sheridan - AnalystJustin Post - AnalystMark Mahaney - AnalystMichael Nathanson - AnalystOperatorI'd like to welcome everyone to today's Uber Q4 and full year 2025 earnings conference call. All lines have bee ...

Uber Technologies (NYSE:UBER) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsAlix Anfang - Senior Director of Investor RelationsBalaji Krishnamurthy - Incoming CFODara Khosrowshahi - CEOPrashanth Mahendra-Rajah - CFOConference Call ParticipantsBrian Nowak - AnalystDoug Anmuth - AnalystEric Sheridan - AnalystJohn Colantuoni - AnalystJustin Post - AnalystMark Mahaney - AnalystMichael Morton - AnalystOperatorI'd like to welcome everyone to today's Uber Q4 and full year 2025 earnings co ...

Financial Data and Key Metrics Changes - In Q2 2025, Uber achieved all-time highs in trips and gross bookings, both increasing by 18% [5] - Adjusted EBITDA, GAAP operating income, and free cash flow also reached new highs [5] - The company anticipates continued strong performance in Q3, projecting high teens growth in gross bookings and low to mid-30s growth in EBITDA [5] Business Line Data and Key Metrics Changes - The introduction of lower-cost products, such as Moto in developing markets, contributed to over $1.5 billion in gross bookings, growing by 40% [22] - The premium business surpassed $10 billion, growing by 35%, while the reserve business grew by 60% [22] - Uber One membership grew by 6 million quarter over quarter, reaching 36 million members, with members spending three times more than single business consumers [25][12] Market Data and Key Metrics Changes - In the top 10 markets, only about 20% of consumers aged 18 and older use Uber on a monthly basis, indicating significant room for audience expansion [24] - The average Waymo vehicle deployed on Uber's network is busier than 99% of human drivers in terms of completed trips per day [29] Company Strategy and Development Direction - Uber is focusing on enhancing cross-platform engagement, with fewer than one in five consumers currently active across both mobility and delivery [6] - The company is investing in autonomous vehicle (AV) partnerships and expanding operating zones, with significant deployments planned in the US and internationally [7] - A new $20 billion share repurchase authorization was announced to enhance shareholder value [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued audience growth and the positive impact of pricing adjustments on consumer behavior [54] - The company is optimistic about the future of AVs, with ongoing partnerships and a focus on commercialization [28][46] - Management highlighted the importance of a barbell strategy in mobility, targeting both low-cost and premium offerings [78] Other Important Information - Uber's advertising business is growing rapidly, separating audience and fulfillment capabilities [80] - The company is exploring data licensing opportunities within AV, aiming to assist in faster market entry for AVs [81] Q&A Session Summary Question: Follow-up on platform initiatives and consumer behavior - Management acknowledged the complexity of executing cross-platform promotions and emphasized the importance of targeted marketing to enhance consumer experience [11] Question: Insights on audience growth and durability - Management attributed audience growth to the introduction of lower-cost products and noted that only 20% of potential consumers are currently engaged [24][22] Question: Update on autonomous vehicle rides and partnerships - Management confirmed that Waymo vehicles are performing well, with high utilization rates, and expressed excitement about ongoing partnerships with various AV players [29][46] Question: Discussion on pricing growth deceleration and consumer response - Management reported positive consumer responses to pricing adjustments, with increased transaction growth observed in July [54] Question: Clarification on buyback strategy and execution - Management explained that the $20 billion buyback is part of a multi-year plan, with a commitment to return a significant portion of cash flow to shareholders [58][59]