Uber Technologies Inc

Latest Results (27.01.2026):

Uber Technologies Inc — Third Quarter 2025: Uber reported strong Q3 2025 results with robust top-line growth, accelerating profitability and healthy cash generation. Trips and Gross Bookings rose ~22% and ~21% year‑over‑year, revenue increased 20% YoY, Adjusted EBITDA grew 33% YoY, and the company generated $2.3 billion of operating cash flow and $2.2 billion of free cash flow in the quarter.

Top-line and usage

Trips: 3.5 billion trips, up 22% YoY. Gross Bookings: $49.7 billion, up 21% YoY (21% constant currency). Revenue: $13.5 billion, up 20% YoY (19% constant currency).

Users and engagement

Monthly Active Platform Consumers (MAPCs) rose 17% YoY to 189 million; monthly Trips per MAPC were up ~4% YoY, driving the trip growth.

Profitability

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

Net income and one‑time items

Net income attributable to Uber was $6.6 billion for Q3 2025; this includes a $4.9 billion benefit from a tax valuation release and a $1.5 billion net pre-tax benefit from revaluations of equity investments.

Segments

Mobility Gross Bookings: $25.1B (+20% YoY) and Mobility revenue $7.68B (+20% YoY). Delivery Gross Bookings: $23.3B (+25% YoY) and Delivery revenue $4.48B (+29% YoY). Freight was flat.

Cash flow and balance sheet

Net cash provided by operating activities: $2.3 billion. Free cash flow: $2.2 billion for the quarter. Unrestricted cash, cash equivalents and short-term investments: $9.1 billion at quarter end.

Capital actions and near-term debt plan

Uber intends to redeem its $1.2 billion Convertible Notes due December 2025 in Q4 2025; the company has been returning capital (noting prior repurchases) while keeping liquidity available.

Outlook for Q4 2025

Guidance: Gross Bookings of $52.25B–$53.75B (growth ~17%–21% YoY constant currency, with an assumed ~1 percentage‑point currency tailwind) and Adjusted EBITDA of $2.41B–$2.51B (31%–36% YoY growth).

Management commentary

Management highlighted one of the largest trip-volume increases in company history and emphasized investing in customer relationships, local commerce, AI and autonomy as drivers of future growth and returns to shareholders.