Uber (UBER) Q1 2025 Earnings Call May 07, 2025 12:00 PM ET Speaker0 and welcome to the Uber First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the conference over to Balaji Krishnamurti, Vice President, Strategic Finance and Investor Relations. You may begin. Speaker1 Thank you, operator. Thank you for joining us today, and welcome to ...

Uber passengers in Austin seemingly can't get enough of Waymo's robotaxis, with the 100 or so Waymo vehicles operating on the Uber app already busier than the human drivers they share the road with. "These approximately 100 vehicles are now busier than over 99% of all drivers in Austin in terms of completed trips per day," CEO Dara Khosrowshahi said in prepared remarks after Uber announced its first-quarter earnings on Wednesday.Khosrowshahi said the two companies plan to scale their autonomous fleet in Au ...

Uber reported first-quarter results Wednesday that beat analysts' expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report.Here's how Uber did versus analysts' estimates compiled by LSEG:Earnings per share: 83 cents vs. 50 cents expected.Revenue: $11.53 billion vs. $11.62 billion expected.Revenue at the ride-sharing company grew about 14% in the first three months of 2025, up from $10.13 billion during the same period in 2024.The compan ...

Uber Technologies, Inc. Q1 2025 Earnings Supplemental Data May 7, 2025 1 Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Costs and Operating Expenses; Trailing Twelve Months Adjusted EBITDA; Trailing Twelve Months Free Cash Flow; Free Cash Flow as well as revenue growth ...

Exhibit 99.1 Uber Announces Results for First Quarter 2025 Gross Bookings grew 14% year-over-year and 18% year-over-year on a constant currency basis Income from operations of $1.2 billion; Adjusted EBITDA of $1.9 billion, up 35% year-over-year Operating cash flow and Free cash flow of $2.3 billion SAN FRANCISCO – May 7, 2025 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2025. "We kicked of the year with yet another quarter of profitable growth at s ...

Core Insights - Uber is expanding its global presence in the robotaxi sector through partnerships with Chinese autonomous vehicle companies, including Pony AI, Momenta, and WeRide [1][2][3] Group 1: Partnerships and Expansion - Uber's partnership with Pony AI aims to launch robotaxis on its platform in a key Middle Eastern market later this year [1] - The collaboration with Momenta will facilitate the launch of robotaxis in Europe by 2026, while WeRide will help expand Uber's services into 15 cities across the Middle East and Europe over the next five years [2] - These new partnerships add to Uber's existing network of over 15 autonomous vehicle collaborations, which primarily include U.S.-based companies like Waymo and May Mobility [3] Group 2: Market Context and Competition - Uber is responding to competitive pressures from companies like Tesla, which is set to launch its robotaxi service in Austin next month, and is also addressing federal probes regarding its subscription practices [4] - Collaborating with Chinese AV firms is seen as a strategic move to leverage their international expansion efforts, as companies like WeRide and Pony are already operating in multiple markets [5][8] Group 3: Operational Details - The initial phase of the robotaxi service will include safety operators in the vehicles until a full commercial launch is achieved [9] - Uber's strong presence in the Middle East, bolstered by its acquisition of Careem in 2019, positions it well for further growth in the region [8]

Uber is expanding its presence in Turkey with its latest acquisition. The ride-hail and delivery giant has acquired an 85% controlling stake in Trendyol Go, the online meal and grocery delivery business based in Istanbul, for about $700 million in cash. The deal gives Uber instant market share for Uber Eats in the country, where Uber currently only operates a ride-hail service.  Uber’s acquisition announcement comes a day before the company is scheduled to report its first-quarter earnings. And with consum ...

Core Insights - Uber and WeRide are expanding their commercial robotaxi partnership to 15 additional cities over the next five years, following the launch of their service in Abu Dhabi five months ago [1][3] - The expansion will include cities in Europe, and WeRide's robotaxi services will be accessible through the Uber app, similar to Uber's collaboration with Waymo [2][3] - The partnership aims to focus on cities outside of China and the United States, with plans to add Dubai to their existing operations in Abu Dhabi [3] Company Partnerships - Uber has established over 15 partnerships with various autonomous vehicle technology companies in the past two years, covering ride-hailing, delivery, and trucking sectors [4] - Recent partnerships include collaborations with May Mobility, Volkswagen, and Momenta, indicating a strategic push in the autonomous vehicle space [4] - The most notable partnership in the U.S. is with Waymo, which is currently operational in Austin and soon to be in Atlanta [5]

Core Viewpoint - BofA Securities analyst Justin Post maintains a Buy rating on Uber Technologies, Inc with a price target increase to $96 from $95, ahead of the quarterly earnings report on May 7 [1] Financial Estimates - For Q1, Post estimates Uber's bookings at $43.5 billion and revenue at $11.73 billion, exceeding Street estimates of $42.9 billion and $11.62 billion respectively [1] - The EBITDA estimate of $1.89 billion is also higher than the Street's estimate of $1.84 billion [2] - Projected Q2 bookings are $47.65 billion compared to the Street estimate of $45.79 billion, with revenue expected at $12.94 billion versus the Street estimate of $12.34 billion [7] Growth Projections - Mobility bookings growth is projected at 21% excluding foreign exchange, indicating a deceleration compared to BAC card data showing stable Online Transit spending [2] - Stable 18% growth is expected for Delivery, although Online Delivery growth has decelerated by 1 point compared to Q4 [4] - The Grocery & Retail segment is anticipated to contribute an additional 2 points to growth in Q1 due to new partnerships [4] New Verticals and Innovations - The contribution from New Verticals is viewed positively as Uber invests in new products like Uber Teen and autonomous vehicles [3] - The partnership with Volkswagen to deploy autonomous vehicles in multiple cities, starting in Los Angeles, is significant, with testing of the "ID. Buzz" planned for late 2025 [6] Autonomous Vehicle Developments - Early data from the Waymo launch on the Uber app in Austin suggests a successful ramp-up, with Uber focusing on tools to enhance autonomous vehicle adoption [5] - CEO Elon Musk's comments on Tesla's plans for fully autonomous paid rides in June may drive further Auto OEM AV development and partnerships with Uber [7] Market Performance - Uber's stock closed higher by 1.36% at $85.43 [8]

Key Takeaways Uber and Lyft will report earnings this week. Uber Leads the ride-sharing market due to its market share, performance, and diverse business. Robotaxis are a crucial focus for both companies. Uber, Lyft to Report Earnings This WeekLater this week, the two ride-share leaders,Uber Technologies ((UBER) and Lyft ((LYFT) ), will report first-quarter 2025 earnings.Lyft generates almost its entire revenue from ridesharing and owns roughly a quarter of the ride-sharing market in the United States. Me ...