Uber's Q1 2025 revenue rises 14% amid business growth

Logo of Uber

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.