Uber Technologies, started in 2009 by Garrett Camp and Travis Kalanick, is a big transportation company based in San Francisco, California. Uber changed the way people get around by creating a mobile app that connects passengers with drivers using their own cars. Over the years, Uber has expanded its services to include food delivery, package delivery, freight transport, and more, operating in about 70 countries and 10,500 cities worldwide.
Uber has over 200 million active users each month and 6 million drivers. The company arranges an average of 28 million trips per day. Also, Uber continues to grow and innovate, providing efficient, reliable, and accessible transportation solutions for people around the world.
Uber Fiscal Q4 2025
Uber Technologies (UBER) delivered strong fourth‑quarter results, with trips and gross bookings each rising 22% from 2024.
The company reported record operating income of $1.8 billion and adjusted EBITDA of $2.5 billion, a 35% increase year over year. Operating cash flow reached a record $2.9 billion, and free cash flow came in at $2.8 billion.
Also, Q4 EPS was $0.71, coming in below expectations, while revenue of $14.4 billion came in slightly above estimates.
Highlights:
- Quarterly trips rose 22% to 3.8 billion, supported by strong user growth and slightly higher trips per user.
- Gross bookings increased 22% to $54.1B.
- Revenue grew 20% to $14.4B.
- GAAP operating income jumped 130% to $1.8B.
- GAAP net income was $296M, with diluted EPS of $0.14 after a large investment‑related headwind.
- Adjusted EBITDA rose 35% to $2.5B, with margins improving to 4.6%.
- Non‑GAAP operating income grew 46% to $1.9B, with margins rising to 3.5%.
- Non‑GAAP net income reached $1.5B, and non‑GAAP EPS increased 27% to $0.71.
- Operating cash flow was $2.9B, and free cash flow totaled $2.8B.
- Uber ended the quarter with $7.6B in unrestricted cash and short‑term investments.
Outlook
The company expects a solid start to 2026, with gross bookings between $52B and $53.5B.
Non‑GAAP earnings per share are projected at $0.65 to $0.72.
Adjusted EBITDA is expected to land between $2.37B and $2.47B, reflecting strong year‑over‑year growth.
Boards Statements
CEO Dara Khosrowshahi said the company delivered another record‑breaking quarter, with more than 200 million monthly users completing over 40 million trips per day, its largest and most engaged customer base to date. He noted that Uber enters 2026 with strong revenue growth, solid cash flow, and a clear path toward becoming the leading facilitator of autonomous vehicle trips globally.
CFO Prashanth Mahendra-Rajah highlighted that Uber’s results demonstrate the strength of its platform strategy. He pointed to $193 billion in gross bookings and $10 billion in free cash flow. He described Uber as a rare, once‑in‑a‑generation company with significant opportunities ahead.
Incoming CFO Balaji Krishnamurthy added that, after five consecutive years of 20%+ growth, Uber is heading into 2026 with strong momentum and remains on track to meet its three‑year growth and profitability goals. He emphasized that the company plans to invest strategically across multiple opportunities, including positioning Uber to lead in an autonomous‑vehicle future.
Impact on the Stock Market
Uber’s earnings delivered strong operational momentum. Trips and gross bookings each rose 22%, profitability hit record levels, and cash flow remained exceptionally strong.
Despite this, the stock still slipped about 3% because earnings per share came in below expectations, and the company’s profit outlook for Q1 2026 wasn’t as aggressive as investors had hoped.
