Overview
- Revenue rose 20% to $13.47 billion, gross bookings reached $49.74 billion, adjusted EBITDA was about $2.26 billion, trips hit 3.5 billion, and monthly active consumers climbed 17% to 189 million.
- Reported net income was lifted by a $4.9 billion tax valuation release and roughly $1.5 billion from equity investment revaluations.
- For Q4, Uber projected gross bookings of $52.25 billion to $53.75 billion and adjusted EBITDA of $2.41 billion to $2.51 billion, with the midpoint slightly under consensus.
- Delivery outpaced mobility in the quarter (sales up 29% versus 20%), freight was essentially flat, and Uber One continues to drive cross-service usage with 35% higher retention and triple the spend versus single-service users.
- Shares fell between 4% and 9% in early trading as the company cited legal and regulatory costs weighing on operating profit and said it will replace adjusted EBITDA guidance with adjusted profit starting in Q1 2026, while continuing to advance robotaxi partnerships with Lucid and Nuro.