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3d ago

Uber Reports Q1 Revenue Miss but Beats Earnings Expectations

The company projects stronger Q2 bookings and profitability, emphasizing growth in autonomous vehicles and core segments.

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 reached $11.53 billion, falling short of analysts' $11.62 billion estimate, while adjusted EPS of $0.83 exceeded the $0.50 forecast.
  • Gross bookings grew 14% year-over-year to $42.82 billion, driven by 15% growth in ride-hailing and 18% in delivery, though both slightly missed projections.
  • The company provided an optimistic Q2 forecast, projecting gross bookings between $45.75 billion and $47.25 billion, above Wall Street expectations.
  • CEO Dara Khosrowshahi highlighted autonomous vehicles as Uber's top growth opportunity, citing strong performance from its Waymo partnership in Austin, Texas.
  • Uber's monthly active platform consumers increased 14% year-over-year to 170 million, but its stock fell around 6% in early trading following the revenue miss.