Core Insights - Uber Technologies, Inc. reported a 20% year-over-year revenue growth to $14.37 billion for fiscal Q4 2025, exceeding analyst expectations of $14.32 billion [1] - The company reported an adjusted EPS of 71 cents, which fell short of the analyst consensus estimate of 80 cents [1] Financial Performance - Revenue from Mobility increased to $8.20 billion, up 19% year-over-year [2] - Delivery revenue reached $4.89 billion, up 30% year-over-year, while Freight revenue remained flat at $1.27 billion year-over-year [2] - Gross Bookings grew 22% year-over-year to $54.14 billion, with Mobility Gross Bookings at $27.44 billion (up 20% Y/Y), Delivery Gross Bookings at $25.43 billion (up 26% Y/Y), and Freight Gross Bookings at $1.27 billion (down 1% Y/Y) [3] - Total trips increased by 22% year-over-year to 3.75 billion [3] - Monthly Active Platform Consumers reached 202 million, an 18% increase year-over-year [3] - Adjusted EBITDA was $2.49 billion, up 35% year-over-year, with an Adjusted EBITDA margin of 4.6%, up from 4.2% year-over-year [3] Cash Position - As of December 31, 2025, Uber held $7.6 billion in unrestricted cash and equivalents and generated $2.81 billion in free cash flow [4] Management Changes - Balaji Krishnamurthy has been appointed as the new CFO, effective February 16, 2026, succeeding Prashanth Mahendra-Rajah [5] - CEO Dara Khosrowshahi acknowledged the contributions of the outgoing CFO in achieving investment-grade status and other strategic initiatives [5] Management Commentary - The CEO highlighted record-breaking performance with over 200 million monthly users completing more than 40 million trips daily, indicating a strong consumer base [6] - The company is positioned for growth entering 2026, with significant cash flow and ambitions to become the largest facilitator of autonomous vehicle trips globally [6]

Uber Technologies, Inc. Q4 2025 Earnings Supplemental Data February 4, 2026 1 Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Non-GAAP Costs and Operating Expenses; Trailing Twelve Months Adjusted EBITDA; Trailing Twe ...

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]

Core Viewpoint - Uber Technologies, Inc. is facing a critical trial in Phoenix related to sexual assault claims against its drivers, which could significantly impact its financial exposure and regulatory standing [2][3]. Group 1: Legal Challenges - Jaylynn Dean has filed a lawsuit against Uber, alleging sexual assault by a driver booked through the platform in 2023, marking the first "bellwether" trial among over 3,000 federal lawsuits and more than 500 additional cases in California [2]. - The outcome of this trial could set a benchmark for settlement values in the remaining cases, potentially increasing Uber's financial liabilities [2]. Group 2: Company Response - Uber's management claims that drivers are independent contractors and emphasizes that background checks and safety measures are in place to mitigate liability [3]. - The company has invested in various safety initiatives, including in-app ride verification, audio/video recording of rides, and partnerships with advocacy groups to enhance rider safety [3]. Group 3: Investment Perspective - While Uber is recognized as a potential investment opportunity, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4].

Core Insights - Uber shares have increased by 31% in 2025, with a remarkable 220% rise over the past three years, indicating strong growth potential for investors [1] Group 1: Financial Performance - Uber's monthly active users grew by 17% year over year in Q3, reaching 189 million, while revenue increased by 20% [4] - The company generated free cash flow of $2.2 billion and facilitated 3.5 billion trips in the last three months [4] - Uber's current market capitalization stands at $169 billion, with shares trading at a price-to-earnings ratio of 10.2, which has contracted by 23% this year [6] Group 2: Market Position and Growth Potential - Uber's network effect is strengthening due to its two-sided mobility platform and three-sided delivery ecosystem, enhancing its competitive position [3] - The company's ability to grow earnings rapidly is expected to drive stock performance over the next five years [7] - After reaching a peak price of $100.10 on October 6, shares are currently 21% off that high, presenting a buying opportunity for investors [6]

Core Viewpoint - Uber Technologies has experienced a 10% decline in stock price over the past month, attributed more to market sentiment than its strong fundamentals, despite reporting robust Q3 results [2][3] Financial Performance - Uber reported high-teens revenue growth and adjusted EBITDA exceeding $1.2 billion in Q3, with double-digit growth in gross bookings and increased monthly active users [3] - The stock price fell post-earnings, indicating investor concerns about future growth rather than the strong quarterly performance [3] Market Context - The broader tech sector has also faced declines, with high-growth companies experiencing drops between 8% and 15% [2] - Regulatory challenges, particularly in Europe, pose significant risks that could impact costs and margins in the upcoming year [3] Growth Opportunities - Uber has substantial long-term growth drivers, particularly in underpenetrated suburban U.S. markets, which could generate billions in additional annual bookings [4] - Delivery operations are expanding, supported by increasing order frequency and new service categories, alongside long-term initiatives in autonomous vehicles and AI-enhanced routing [4] Valuation and Investment Outlook - Currently priced around $84, Uber's stock trades at more reasonable cash-flow and earnings multiples compared to similar growth companies [5] - The stock may experience volatility due to regulatory news and tech sector fluctuations, but for long-term investors, the current decline makes Uber more appealing as fundamentals strengthen [5]

Core Insights - Uber Technologies reported strong third-quarter 2025 results, with earnings per share of $3.11 exceeding the Zacks Consensus Estimate of 67 cents, marking over 100% year-over-year growth [1][9] - Total revenues reached $13.46 billion, surpassing the Zacks Consensus Estimate of $13.26 billion, reflecting a 20.4% year-over-year increase [1][9] Revenue Breakdown - Mobility segment contributed 57% of total revenues, with a reported revenue of $7.68 billion, up 20% year-over-year, exceeding expectations of $7.50 billion [2] - Delivery segment revenues increased by 29% year-over-year to $4.47 billion, also surpassing the expected $4.06 billion [2] - Freight revenues remained flat at $1.30 billion year-over-year, falling short of the expected $1.31 billion [3] Financial Metrics - Adjusted EBITDA surged 33% year-over-year to $2.25 billion, within the guided range of $2.19 billion to $2.29 billion [3] - Total gross bookings rose 21% year-over-year to $49.74 billion, aligning with the guidance of $48.25 billion to $49.75 billion [5] Cash Flow and Debt - Operating cash flow for the quarter was $2.32 billion, with free cash flow at $2.23 billion [6] - Cash and cash equivalents increased to $8.43 billion from $6.43 billion in the previous quarter, while long-term debt rose to $10.6 billion from $9.57 billion [5] Future Guidance - For Q4 2025, Uber anticipates gross bookings between $52.25 billion and $53.75 billion, indicating year-over-year growth of 17-21% [7] - Adjusted EBITDA is expected to be in the range of $2.41 billion to $2.51 billion, suggesting a year-over-year growth of 31% to 36% [7]

Core Insights - Uber's profits increased from $2.6 billion a year ago to $6.6 billion, largely due to a $4.9 billion benefit from a tax valuation release [1] - Revenue reached $13.5 billion, surpassing estimates of $13.3 billion, with significant growth in both mobility and delivery sectors [1] - Gross bookings approached $50 billion, reflecting a 21% year-on-year increase, while trips rose by 22% to 3.5 billion [1] Financial Performance - EBITDA grew by 33% year-on-year, indicating strong profitability alongside revenue growth [1] - The mobility business showed accelerated topline growth compared to the previous quarter [1] - Delivery business also experienced acceleration, contributing to overall revenue growth [1] Market Position - Uber operates in a transportation services ecosystem valued over $1 trillion and a food delivery ecosystem exceeding $2 trillion [1] - The company is expanding into grocery and retail, currently at a $12 billion run rate [1] - Uber's unique platform allows for shared customers and merchants across mobility and delivery services, enhancing competitive positioning [1][3] Consumer Trends - Both high-end and budget consumers are growing, with no signs of trading down or reduced basket sizes observed [1] - Growth rates outside large cities are 1.5 to 3 times faster than in urban areas, indicating strong demand in diverse markets [1] Technological Integration - The company is leveraging AI to enhance user experience, allowing for natural language interactions and personalized service [1] - Collaboration with OpenAI and ChatGPT aims to provide users with multiple ways to access Uber services [1][3] - The integration of AI is seen as both a threat and an opportunity, with the company focusing on adapting to these changes [1] Unique Inventory - Uber boasts over 9 million drivers and couriers globally, along with more than 1.2 million merchants [2]

Core Viewpoint - Uber Technologies has shown significant growth in 2025, with a year-to-date stock increase of over 50%, driven by consistent growth and rising profitability [2][3] Financial Performance - In Q2, Uber reported an 18% year-over-year growth in trips and gross bookings, with revenue reaching $12.7 billion and operating income increasing by 82% to $1.5 billion [5] - Adjusted EBITDA rose 35% to $2.1 billion, with margins improving from 3.9% to 4.5% of gross bookings [5] - Free cash flow for the quarter was $2.5 billion, and trailing-twelve-month free cash flow hit a record $8.5 billion [5][8] Business Strategy - Uber's platform strategy is yielding results, with record audience engagement and profitability across its Mobility and Delivery segments [6] - Mobility revenue grew by 19% and Delivery revenue by 25% in the quarter, with management forecasting continued double-digit growth and further year-over-year gains in adjusted EBITDA [7] Share Repurchase Program - Uber has authorized a $20 billion share repurchase program, reflecting confidence in its business and strong cash generation [8] Valuation and Market Position - Following a 55% increase in stock price, Uber's market value is approximately $200 billion, with a price-to-free cash flow ratio in the mid-20s [9] - The current valuation is not considered a bargain, but it remains reasonable given the company's growth and margin expansion [9] Investment Outlook - The investment case for Uber remains strong, with core segments scaling effectively and management's guidance indicating ongoing growth [11] - The stock is viewed as a reasonable buy-and-hold candidate for investors willing to accept platform-economy risks, while existing investors may consider holding to benefit from cash returns and operating leverage [12]

Core Insights - Uber Technologies, Inc. (NYSE: UBER) is highlighted as a strong investment opportunity, with positive analyst sentiment and robust financial performance [1][3] - The company reported significant growth in key metrics, including gross bookings and revenue, indicating strong demand across its services [3] Financial Performance - Gross bookings increased by 18% year-over-year to $44.2 billion, while revenue grew by 20% to $12.0 billion [3] - Adjusted EBITDA surged by 44% to $1.8 billion, driven by record demand in both Mobility and Delivery segments [3] - Free cash flow reached $1.7 billion, showcasing a strong cash generation capability [3] Market Position and Future Outlook - Uber is positioned well for continued growth in EBIT, cash flow, and margin expansion, supported by confident management [1] - The company has exceeded its three-year financial targets and is entering 2025 with accelerating momentum, particularly with emerging opportunities in autonomous vehicles [3] - The stock has appreciated by 16% since the beginning of May, reflecting positive market sentiment [2]