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 Insights - Uber has announced a partnership with Waabi, a Canadian self-driving trucking startup, to deploy 25,000 robotaxis, with a $250 million investment contingent on Waabi meeting certain milestones [1] - Waabi's leadership includes former Uber executives, highlighting a connection between the two companies [2] - Waabi is developing a generalizable AI system that can be applied across different vehicle platforms, which is crucial for scaling autonomous vehicle technology [5] Group 1: Partnership and Investment - Uber's partnership with Waabi includes a significant investment of $250 million, although specific milestones for the investment have not been disclosed [1] - The collaboration aims to leverage Waabi's expertise in autonomous trucking to support Uber's robotaxi initiative [1] Group 2: Leadership and Expertise - Raquel Urtasun, Waabi's founder, previously served as the chief scientist at Uber's self-driving division, indicating a strong background in autonomous vehicle technology [2] - Lior Ron, Waabi's COO, is also an Uber alum who previously led Uber Freight, showcasing a blend of experience in both ride-hailing and trucking sectors [2] Group 3: Technology and Development - Waabi is focused on creating a sophisticated AI "brain" that can adapt to various vehicle types without needing extensive redevelopment [5] - The company has developed a mixed reality testing simulator that allows for extensive scenario training, which is essential for preparing AI drivers for real-world challenges [6][7] - This simulation technology enables testing of numerous traffic scenarios that would be difficult or dangerous to replicate in real life, enhancing the safety and reliability of autonomous systems [6][7]

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 - The U.S. freight market is stabilizing, with tighter conditions expected in 2026, driven by cross-border trade with Mexico [1][3]. Group 1: Market Dynamics - Resilient consumer spending, nearshoring activities, and capacity discipline among carriers are stabilizing demand after a prolonged downturn, despite ongoing pressures in manufacturing and geopolitical risks [3]. - Mexico's share of U.S. imports has increased to 15.5%, solidifying its position as the largest U.S. trading partner [4]. - Foreign direct investment in Mexico reached $34.3 billion in the first half of 2025, marking a 10.2% year-over-year increase, with the U.S. as the top investor [5]. Group 2: Sector Performance - Export growth from Mexico is particularly strong in vehicles, auto parts, industrial machinery, furniture, and medical instruments, which are crucial for truckload and cross-border freight demand [5]. - Despite U.S. tariffs on steel, aluminum, and copper, Mexico has maintained export volumes, albeit at higher production costs, underscoring its significance in North American manufacturing [6]. Group 3: Risks and Challenges - Road blockades in Mexico's Bajío region, led by labor groups, have disrupted over 8,000 truckloads, causing delays and congestion on key U.S.-Mexico corridors [7]. - Security concerns, including cargo theft, are prompting shippers to invest in advanced tracking, geofencing, and in-cab monitoring technologies [8].

Core Insights - Uber Technologies has pursued aggressive global expansion and diversification beyond ride-sharing, establishing significant revenue streams through Uber Eats and Uber Freight, aiming to create a comprehensive transportation and delivery ecosystem [1] - Lyft has adopted a concentrated strategy focused primarily on ride-sharing within the United States, limiting its exposure to faster-growing markets like delivery and international operations [2] Uber's Performance - Uber reported strong third-quarter 2025 results, with earnings per share of $3.11 exceeding the Zacks Consensus Estimate of 67 cents, and total revenues of $13.46 billion surpassing the estimate of $13.26 billion, reflecting a 20.4% year-over-year increase [4] - The company maintained an excellent earnings surprise record, having outperformed the Zacks Consensus Estimate in the past four quarters with an average beat exceeding 200% [5] - Despite the strong performance, Uber's shares declined post-earnings due to soft EBITDA guidance for the fourth quarter, with management projecting adjusted EBITDA between $2.41 billion and $2.51 billion [6][7] Lyft's Performance - Lyft's third-quarter 2025 results showed revenues of $1.68 billion and adjusted EPS of 26 cents, both missing estimates, while gross bookings rose 18% year-over-year to $4.8 billion, marking the 18th consecutive quarter of double-digit growth [9][12][14] - Lyft's partnership with Curb has positively impacted its market momentum, leading to double-digit gains since the earnings release [15] - The company expects fourth-quarter gross bookings in the range of $5.01 billion to $5.13 billion, indicating 17-20% growth from the previous year [14] Valuation Comparison - Lyft is trading at a forward sales multiple of 1.26X, which is more favorable compared to Uber's 3.22X, indicating a better valuation picture for Lyft [19] - Lyft's recent performance and strategic partnerships place it on a more solid footing than Uber, which faces challenges with its EBITDA guidance and concerns over the profitability of autonomous vehicles [20] Investment Outlook - Based on the analysis, Lyft is positioned as a stronger investment opportunity compared to Uber, currently holding a Zacks Rank 2 (Buy) while Uber holds a Zacks Rank 3 (Hold) [21]

Core Viewpoint - Uber Technologies reported strong growth in key metrics, but the stock price fell over 5% due to market reactions and slight margin misses, presenting a potential buying opportunity for investors [1][2][19]. Financial Performance - Uber's trips, gross bookings, and revenue grew by 22%, 21%, and 20% respectively, exceeding expectations, while monthly active platform customers increased by 17% [3][12]. - The company reported earnings of $311 per share, significantly higher than the expected $0.69, although this included a $4.9 billion benefit from a tax valuation release [4][3]. - Uber Eats showed remarkable performance with 25% gross bookings growth and 29% revenue growth, while the mobility segment grew by 20% in both gross bookings and revenue [4][5]. Market Context - The stock's decline was influenced by a broader market downturn and specific weaknesses in travel stocks, which affected investor sentiment [6][7]. - Increased competition in food delivery from companies like DoorDash and in ride-sharing from Lyft may have contributed to concerns about Uber's margins [8][10]. Strategic Outlook - Uber provided strong guidance for the current quarter, indicating healthy gross bookings outlook, although EBIT forecast was in line with expectations [6]. - The company is focusing on growing market share in both ride-sharing and delivery, enhancing customer engagement, and expanding the Uber One membership program [14][15]. - Customer engagement improved by 4% in the quarter, with users of both services spending three times more and retaining 35% better than single-service users [15][16]. Profitability and Growth - Despite a slight miss in margins, adjusted earnings for interest, taxes, depreciation, and amortization grew by 33% year-over-year, indicating strong profitability [17][19]. - Uber's growth is accelerating, with the mobility business achieving its best gross bookings growth in six quarters and the delivery business its best growth since Q2 2022 [12][19].

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 freight business revenue remained stagnant at $1.31 billion in Q3, unchanged from the previous year, with a slight increase in adjusted EBITDA loss to $20 million from $19 million [1] - Overall, Uber reported record income from operations of $1.1 billion and adjusted EBITDA of $2.3 billion, reflecting a 33% year-over-year increase, driven by mobility and delivery segments [2] Financial Performance - Uber's trips grew by 22% and gross bookings increased by 21% to $49.7 billion, with delivery revenue surging by 29% and mobility growing by 20%, indicating a shift towards higher-margin services [5] - The company forecasts Q4 gross bookings between $52.25 billion and $53.75 billion, with adjusted EBITDA projected to reach up to $2.51 billion, representing growth of up to 36% year over year [6] Strategic Direction - CEO Dara Khosrowshahi emphasized the importance of innovation and execution in driving performance, highlighting the logistics ecosystem as central to Uber's future technology roadmap [3] - Plans to integrate human drivers and autonomous vehicles into a single marketplace were discussed, along with the intention to expand into local commerce and utilize generative AI for operational optimization [4]