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23h ago

Uber Tops Q2 Forecasts and Launches $20 Billion Buyback

Surging Uber One membership highlights the company’s drive to enhance operating margins prior to expanding its robotaxi business.

Uber logo is seen in this illustration taken August 5, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
A man uses his phone to activate a Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid/File Photo
Uber has teamed up with Thames Clippers to run river bus services in London

Overview

  • Uber reported second-quarter revenue of $12.65 billion, up 18% year-over-year and above analysts’ $12.46 billion estimate.
  • Gross bookings rose 17% to $46.76 billion, and Uber forecasts third-quarter bookings between $48.25 billion and $49.75 billion.
  • The board authorized a new $20 billion stock repurchase program to return capital following record free cash flow.
  • Membership in the $9.99 Uber One loyalty program jumped 60% to over 36 million and now drives more than one-third of gross bookings.
  • Uber is in talks with private equity firms and banks to finance its robotaxi rollout and has partnerships with over 20 autonomous vehicle developers including Waymo, Lucid and Nuro.