Uber misses earnings expectancies with journeys up 18% over ultimate yr

Uber reported first-quarter effects Wednesday that beat analysts’ expectancies for income, however fell shy of expected earnings enlargement for the quarter. Shares fell about 5% following the record.

Here’s how Uber did as opposed to analysts’ estimates compiled via LSEG:

• Earnings in line with percentage: 83 cents vs. 50 cents anticipated.
• Revenue: $11.53 billion vs. $11.62 billion anticipated.

Revenue on the ride-sharing corporate grew about 14% within the first 3 months of 2025, up from $10.13 billion throughout the similar duration in 2024.

The corporate additionally reported internet source of revenue of round $1.78 billion or 83 cents in line with percentage throughout the primary 3 months of 2025, up from a internet lack of $654 million, or a lack of 32-cent loss in line with percentage, throughout the primary quarter of 2024.

Uber’s greatest industry segments, which come with its ride-hailing industry and meals and grocery supply provider, noticed bookings build up year-over-year.

Here are the important thing phase numbers:

• Mobility (gross bookings): $21.18 billion, up 13% yr over yr
• Delivery (gross bookings): $20.38 billion, up 15% yr over yr

The corporate additionally mentioned its “monthly active platform consumers,” had grown to 170 million, up 14% from the primary quarter of ultimate yr. Users booked round 3.04 billion “trips” throughout the primary quarter of 2025, up 18% from the primary quarter of 2024.

Uber CEO Dara Khosrowshahi and CFO ‭Prashanth Mahendra-Rajah mentioned they be expecting gross bookings to succeed in between $45.75 billion and $47.25 billion throughout the present quarter, with EBITDA within the vary of $2.02 billion to $2.12 billion for that duration.

Khosrowshahi additionally mentioned the corporate perspectives independent cars, or AV generation, as “the single greatest opportunity ahead for Uber.”

Uber lets in app customers to ebook robotaxi rides in some U.S. markets, or order meals for supply by way of independent car in others.

Khosrowshahi mentioned Uber reached an “annual run-rate” of 1.5 million independent car journeys.

In March, the corporate started to supply customers in Austin, Texas the approach to hail a robotaxi from its spouse, Alphabet-owned Waymo solely by way of the Uber platform.

Khosrowshahi mentioned the Waymo Austin release “exceeded” Uber’s expectancies and round 100 Waymo cars running in Austin at the moment are‬‭ “busier than over 99% of all drivers” in Austin so far as finished journeys in line with day.

Besides its Waymo partnership, Uber has additionally agreed to paintings with Volkswagen, Avride, May Mobility, and the independent trucking corporate Aurora for independent ride-hailing and freight services and products within the U.S. Uber has further partnerships with AV corporations the world over together with with WeRide, Pony.AI and Momenta.

Executives are scheduled to talk about Uber’s first-quarter effects and plans throughout an income name Wednesday at 8:00 a.m. EDT.