Uber Technologies ( (UBER) ) has released its Q1 earnings. Here is a breakdown of the information Uber Technologies presented to its investors.
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Uber Technologies, Inc., a leading player in the ride-sharing and delivery services industry, has announced its financial results for the first quarter of 2025, showcasing significant growth and strategic advancements.
The company reported a robust start to the year with a 14% year-over-year increase in gross bookings, reaching $42.8 billion. Revenue also saw a 14% rise, totaling $11.5 billion. Uber’s income from operations surged to $1.2 billion, marking a substantial increase from the previous year, while adjusted EBITDA grew by 35% to $1.9 billion.
Key performance metrics highlighted include a notable 18% growth in trips, driven by a 14% increase in Monthly Active Platform Consumers. The company’s free cash flow reached over $2 billion, demonstrating strong cash generation capabilities. Uber also made significant strides in its autonomous vehicle initiatives, announcing five new developments in this area.
Looking ahead, Uber anticipates continued growth in the second quarter of 2025, with projected gross bookings between $45.75 billion and $47.25 billion and adjusted EBITDA expected to grow by 29% to 35% year-over-year. The company remains focused on disciplined capital allocation to enhance financial durability.