Overview
- Uber beat expectations with Q3 revenue of $13.47 billion and gross bookings of $49.74 billion, logging 3.5 billion trips as delivery sales rose 29% and mobility revenue grew 20%.
- Fourth‑quarter guidance from Uber calls for $52.25 billion to $53.75 billion in gross bookings with adjusted EBITDA of $2.41 billion to $2.51 billion, and the company will shift to adjusted profit guidance starting next year.
- Uber recorded a $479 million charge tied to significant legal or regulatory matters, while net income was buoyed by a $4.9 billion tax valuation release and roughly $1.5 billion in equity revaluations, contributing to a share decline after the report.
- CEO Dara Khosrowshahi said Uber One is boosting cross‑platform engagement, noting multi‑service users show 35% higher retention and spend three times more than single‑service customers, with only about 20% of users tapping both rides and delivery.
- Grab posted Q3 revenue of $873 million and raised the lower end of its 2025 revenue outlook to $3.38 billion and adjusted EBITDA to $490 million–$500 million, but shares fell as total incentives reached $585 million and deliveries revenue came in at $465 million.