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Uber plans to repurchase $20 billion worth of shares, signaling CEO Dara Khosrowshahi’s strong confidence in the company’s continued growth prospects—despite rising concerns over a slowdown in US consumer spending.
The new buyback program is nearly three times the size of Uber’s previous repurchases, which totaled $7 billion. The move comes on the back of solid financial performance, as net income surged 33% year-on-year (YoY) in Q2 2025 to $1.4 billion.
The company also issued upbeat guidance for Q3 2025, projecting gross bookings in the range of $48.5 billion to $49.8 billion, surpassing analysts’ average estimate of $47.5 billion.
In the earnings statement released today, Aug. 6, Khosrowshahi said global mobility growth is expected to remain stable in Q3 2025 and expressed confidence in a pickup in booking growth in the US market.
Uber’s gross bookings in Q2 2025 rose 17% YoY to $46.8 billion.
Monthly active users across the platform increased 15% to 180 million, while completed trips climbed 18% to 3.3 billion.
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Q2 2025 results |
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Item |
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Q2 2025 |
Q2 2024 |
Expectations |
Change |
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Total Revenue |
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|
12.65 |
10.7 |
12.46 |
+18% |
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Net profit |
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|
1.36 |
1.02 |
-- |
+33% |
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Adjusted Earnings per Share (cent) |
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|
63 |
47 |
63 |
+34% |
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