Uber posts 18% growth in trips and gross bookings in Q2

SAN FRANCISCO - Uber Technologies, Inc. (NYSE:UBER), a prominent player in the ground transportation industry with a market capitalization of $187 billion, reported an 18% year-over-year increase in trips and gross bookings for the second quarter ended June 30, 2025, according to a press release issued Wednesday. The company’s stock has shown remarkable strength, gaining over 48% year-to-date, according to InvestingPro data.

The ride-hailing and delivery company saw its income from operations rise 82% to $1.5 billion, while adjusted EBITDA grew 35% to $2.1 billion compared to the same period last year. Adjusted EBITDA margin as a percentage of gross bookings improved to 4.5%, up from 3.9% in Q2 2024. Based on InvestingPro analysis, the stock appears slightly overvalued at current levels, though analysts maintain a strong buy consensus with a high price target of $120.

Uber reported quarterly revenue of $12.7 billion, an 18% increase year-over-year, with net income attributable to Uber reaching $1.4 billion. The company generated $2.6 billion in operating cash flow and $2.5 billion in free cash flow during the quarter.

Monthly Active Platform Consumers grew 15% year-over-year to 180 million, while trips per user increased 2%. Gross bookings reached $46.8 billion, representing 17% growth (18% on a constant currency basis).

By segment, Mobility gross bookings increased 16% to $23.8 billion, while Delivery gross bookings rose 20% to $21.7 billion. Freight gross bookings declined slightly by 1% to $1.3 billion.

The company announced a new $20 billion share repurchase authorization, which it described as reflecting confidence in its business performance.

For the third quarter of 2025, Uber forecasts gross bookings between $48.25 billion and $49.75 billion, representing growth of 17% to 21% year-over-year on a constant currency basis. The company expects adjusted EBITDA of $2.19 billion to $2.29 billion, representing 30% to 36% growth compared to Q3 2024.

The financial results were based on information provided in a press release from Uber Technologies.

In other recent news, Uber Inc. is gearing up for its upcoming earnings report, with BofA Securities maintaining a Buy rating and setting a price target of $115. The investment firm has raised its quarterly estimates for Uber’s bookings, revenue, and EBITDA to $47.1 billion, $12.56 billion, and $2.12 billion, respectively, surpassing consensus expectations. Similarly, Piper Sandler has increased its price target for Uber to $103 while keeping an Overweight rating, aligning its forecasts with broader market expectations for the second quarter. Bernstein has also raised its price target to $110, citing stable trends in Uber’s Mobility and Delivery segments as positive indicators.

In a separate development, Uber has formed a partnership with Lucid Group and Nuro to deploy 20,000 Lucid Gravity SUVs equipped with autonomous technology on the Uber network. Morgan Stanley has maintained an Equalweight rating on Lucid Group, emphasizing the potential of this collaboration. The partnership is set to launch in a major US city next year, with prototypes currently in testing. These developments highlight Uber’s strategic moves and analyst confidence in its financial performance and growth prospects.

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