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Uber Reports Mixed Q1 Results but Projects Stronger Q2 Performance

The company saw 14% revenue growth and a significant earnings beat but missed revenue and gross bookings estimates, while issuing optimistic Q2 guidance.

The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File photo
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Uber has struggled to match high growth from its post-pandemic quarters

Overview

  • Uber's Q1 2025 revenue rose 14% year-over-year to $11.53 billion, falling short of analysts' expectations of $11.62 billion.
  • Adjusted earnings per share of $0.83 significantly exceeded the forecasted $0.50, marking a strong profitability performance.
  • Gross bookings for Q1 reached $42.82 billion, up 14% year-over-year but slightly below the $42.99 billion analysts had anticipated.
  • The company expects Q2 gross bookings between $45.75 billion and $47.25 billion, with adjusted EBITDA projected at $2.02 billion to $2.12 billion, both above Wall Street estimates.
  • Uber is advancing its autonomous vehicle strategy, deepening partnerships with Waymo and startups like WeRide, Pony AI, and Avride to expand robotaxi services globally.