Uber Reports $1.78B Q1 Profit on 14% Revenue Growth, 3B Trips

Uber Technologies Inc. reported a strong start to 2025 with significant financial improvements, including a 14% year-over-year revenue increase to $11.53 billion and a leap from a net loss to $1.776 billion in net income, driven by operational efficiency and growth in Mobility and Delivery segments. Gross Bookings rose 14% to $42.8 billion, with total trips completed increasing 18%, underscoring robust consumer engagement. Adjusted EBITDA surged 35% to $1.868 billion, and free cash flow jumped 66% to $2.25 billion, reflecting Uber's strengthened profitability and financial health. The company also highlighted its commitment to sustainability, aiming for zero emissions by 2040 and promoting electric vehicle adoption and sustainable packaging. Analysts maintain a positive outlook, with Morgan Stanley and TD Cowen giving Buy ratings and raising price targets, citing Uber's strong growth trajectory and operational efficiency, supported by early success with autonomous vehicle integration. Additionally, Uber's advertising business is rapidly growing, surpassing $1.5 billion annual run-rate with over 60% year-over-year growth, particularly in restaurant delivery and mobility ads, despite revenue slightly missing analyst expectations.