Uber Reports 14% Revenue Growth Amid Economic Concerns

Uber reported strong financial results for the first quarter of 2025, with revenue rising by 14% year-over-year to $11.5 billion and gross bookings also up 14% to $42.8 billion, although revenue slightly missed Wall Street expectations. The company achieved a net income of $1.78 billion, swinging from a loss in the previous year, and saw a 35% increase in adjusted EBITDA. Despite global economic concerns and questions about the impact of new tariffs, Uber's core business remains minimally affected, and the company forecasts bookings growth of 16% to 20% in the next quarter, outpacing analyst estimates. Key operational metrics were positive, with monthly active platform consumers rising 14% and total trips up 18%, signaling ongoing demand for Uber's services. However, growth rates have slightly decelerated compared to previous quarters, which may explain investor caution despite the overall strong performance. Uber's strategic emphasis on autonomous vehicle partnerships and innovative offerings continues to position the company for future growth.