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Uber’s revenue rose 14% during the first quarter of 2025, albeit missed Wall Street expectations, with its quarterly ride-hailing business growth reflecting resilient demand for the company’s various services.
“The number of trips increased by 18% in the first quarter thanks to the continued strength of our core businesses, including the announcement of five new self-driving cars just last week,” said CEO Dara Khosrowshahi in the earnings statement released today, May 7.
The number of booked trips rose by 18% year-on-year (YoY) to amount to three billion in Q1 2025, driven by a 14% jump in monthly active platform users and a 3% hike in monthly trips per active user.
Revenue from Uber’s food delivery business unit surged by around 18% for the same quarter, in line with Wall Street projections, with revenue from the ride-hailing segment soaring by 15%.
Meanwhile, revenue from the freight segment fell by about 2% in Q1 2025.
The company had anticipated gross bookings for the quarter to range between $45.75-47.25 billion, compared to Wall Street’s $45.83 billion estimate.
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Financial Results for Q1 2025 |
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Item |
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Q1 2025 |
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Q1 2024 |
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Forecasts |
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YoYChange |
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Revenue ($ bln) |
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11.53 |
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10.13 |
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11.62 |
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%14+ |
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Net Income ($ bln) |
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1.78 |
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(0.654) |
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-- |
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-- |
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Adjusted EPS (Cent) |
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83 |
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(32) |
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50 |
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-- |
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Gross Bookings ($ bln) |
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42.82 |
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37.65 |
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-- |
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%14+ |
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