Uber’s Trip Growth Soars 18% Year-Over-Year, But Revenue Falls Short: What It Means for Riders and Investors

Uber recently shared its first-quarter results, and they tell a mixed story. While earnings surpassed expectations, revenue growth did not quite reach targets, causing shares to drop around 5%.

Here’s a snapshot of how Uber performed compared to analyst predictions:

• Earnings per share: 83 cents versus the expected 50 cents.
• Revenue: $11.53 billion, slightly lower than the anticipated $11.62 billion.

In the first three months of 2025, Uber’s revenue grew about 14% year-over-year, rising from $10.13 billion. Notably, the company reported a net income of approximately $1.78 billion, a significant turnaround from a loss of $654 million during the same period last year.

Key highlights include:

• Mobility (gross bookings): $21.18 billion, a 13% increase from last year.
• Delivery (gross bookings): $20.38 billion, up 15%.

Uber’s user base expanded as well. The platform now has about 170 million monthly active consumers, which is a 14% rise. Users booked around 3.04 billion trips in the first quarter, reflecting an 18% increase.

Looking ahead, CEO Dara Khosrowshahi and CFO Prashanth Mahendra-Rajah predict gross bookings will hit between $45.75 billion and $47.25 billion in the next quarter.

Khosrowshahi mentioned that autonomous vehicles (AV) represent a huge opportunity for Uber. The company is already testing robotaxi rides in select U.S. markets and has partnered with Waymo in Austin. This service reportedly exceeded expectations, with Waymo vehicles achieving high ridership.

Uber has also teamed up with other companies like Volkswagen and Aurora to expand its AV services, both for ride-hailing and freight.

As of now, there’s a lot of excitement surrounding AV technology’s potential to reshape transportation. According to a recent study by McKinsey, the global AV market could be worth $1.5 trillion by 2030, showcasing its future significance.

While Uber navigates the ups and downs of its finances this quarter, innovation and user growth remain strong. You can learn more about their financial details here.

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