Today, Uber reported robust second-quarter revenue that exceeded Wall Street forecasts, along with a $20 billion share repurchase plan.
In Q2, Uber’s revenue was $12.65 billion versus $12.46 billion expected, a 18% increase from 2024.
The rideshare giant’s financial and operational highlights for Q2 showed an 18% increase in trips to 3.3 billion, with gross bookings rising by 17% year-over-year to $46.8 billion.
Dara Khosrowshahi, Uber’s CEO, told investors, “Our platform strategy is working, with record audience, frequency, and profitability across Mobility and Delivery. But we’re still only beginning to unlock the platform’s full potential, now with 20 autonomous partners around the world.”
Uber CFO, Prashanth Mahendra-Rajah, stated, “Today’s announcement of a new $20 billion share repurchase authorization underscores our confidence in the business, following yet another quarter of strong top and bottom-line performance. Our trailing twelve month free cash flow hit a new all-time high of $8.5 billion and we remain committed to driving durable, profitable growth.”
In Q3, Uber anticipates a 17% increase in gross bookings, reaching between $48.25 billion and $49.75 billion, with adjusted EBITDA ranging from $2.19 billion to $2.29 billion, reflecting a 30% to 36% growth year-over-year.
In 2025 alone, Uber shares have increased by as much as 48%.
By CEO NA Editorial Staff
