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2w ago

Uber Projects Strong Q2 Bookings as AV Partnerships and Ride Demand Surge

The company exceeded Q1 earnings expectations with $1.78 billion in net income, while forecasting Q2 bookings above Wall Street estimates despite currency challenges.

The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File photo
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Overview

  • Uber reported Q1 2025 net income of $1.78 billion, or $0.83 per share, surpassing analyst expectations but narrowly missing revenue forecasts at $11.53 billion.
  • Gross bookings for Q1 showed strong growth year-over-year, with Mobility up 13% to $21.18 billion and Delivery up 15% to $20.38 billion.
  • The company forecasted Q2 gross bookings between $45.75 billion and $47.25 billion, exceeding Wall Street's $45.83 billion estimate, despite a 1.5% currency-related drag.
  • Monthly active platform consumers rose 14% year-over-year to 170 million, with total trips increasing by 18% to 3.04 billion in Q1.
  • Uber is expanding its autonomous vehicle initiatives, deepening its partnership with Waymo and collaborating with startups like WeRide, Pony AI, and Avride.