Uber Technologies Inc

Latest Results (14.12.2025):

Uber Technologies Inc. reported results for the third quarter of 2025 (Q3 2025): the company delivered strong top-line growth with accelerating trips and gross bookings, meaningful profitability gains on both GAAP and non‑GAAP measures, and robust cash generation while announcing plans to redeem convertible notes in Q4 2025.

Top-line growth

Gross Bookings rose 21% YoY to $49.7 billion and revenue increased 20% YoY to $13.5 billion. Trips grew 22% YoY to 3.5 billion, driven by MAPCs of 189 million (+17% YoY) and monthly trips per MAPC +4%.

Profitability

Income from operations was $1.1 billion (up 5% YoY). Adjusted EBITDA (non‑GAAP) was $2.3 billion, up 33% YoY, with an Adjusted EBITDA margin of 4.5% of Gross Bookings (vs. 4.1% in Q3 2024).

Net income and one-time items

Net income attributable to Uber Technologies, Inc. was $6.6 billion for Q3 2025; this includes a $4.9 billion benefit from a tax valuation release and additional revaluation benefits from equity investments noted in the release.

Segment performance

Mobility gross bookings were $25.1 billion (+20% YoY) and revenue $7.68 billion (+20%); Delivery gross bookings were $23.3 billion (+25% YoY) and revenue $4.48 billion (+29%); Freight was essentially flat.

Cash flow & liquidity

Net cash provided by operating activities was $2.3 billion and free cash flow was $2.2 billion for the quarter. Unrestricted cash, cash equivalents and short‑term investments totaled approximately $9.1 billion at quarter end.

Capital actions & balance sheet

Uber intends to redeem its $1.2 billion Convertible Notes due December 2025 in Q4 2025. Total assets grew to $63.3 billion and total equity to $29.0 billion as of September 30, 2025.

Outlook for Q4 2025

Guidance for Q4 2025: Gross Bookings of $52.25B–$53.75B (≈ +17% to +21% YoY on a constant currency basis) and Adjusted EBITDA of $2.41B–$2.51B (≈ +31% to +36% YoY).