Uber Reports 14% Revenue Growth Amid Economic Uncertainty
- Edition Sona Times
- May 8
- 1 min read
Uber Technologies Inc. (NYSE: UBER) announced a 14% year-over-year increase in revenue for the first quarter of 2025, totaling $11.53 billion. This growth occurred despite broader economic concerns and slightly missed Wall Street’s expectations of $11.6 billion. The company’s net income reached $1.78 billion, a significant turnaround from a $654 million loss in the same quarter last year.
The company reported 3 billion trips during the quarter, an 18% increase from the previous year, driven by a 14% rise in monthly active platform consumers to 170 million.
Uber’s stock experienced a decline of approximately 2.5% following the earnings report, closing at $83.65. Analysts attribute this to the slight revenue miss and concerns over slowing growth in the ride-hailing segment.
Looking ahead, Uber forecasts second-quarter gross bookings between $45.75 billion and $47.25 billion, with adjusted EBITDA projected between $2.02 billion and $2.12 billion.
As of the latest trading session, Uber’s stock price stands at $82.30.
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