Background on Uber Technologies
Uber Technologies, a leading platform for transportation and mobility services, has reported its financial results for the first quarter of 2025. The company turned a net profit of $1,776 million (€1,565 million) compared to a loss of $654 million (€576.5 million) in the same period last year.
Revenue Growth
Uber’s total revenue reached $11,533 million (€10,166 million), marking a 13.8% increase from the previous year.
- Mobility: Generated $6,496 million (€5,726 million), a 15.3% increase.
- Delivery: Brought in $3,777 million (€3,329 million), a 17.5% increase.
- Freight: Yielded $1,260 million (€1,111 million), a 1.9% decrease.
Reservations and Costs
Gross bookings increased by 13.7% to $42,818 million (€37,743 million). However, total costs rose by 3.5% to $10,305 million (€9,084 million).
CEO’s Statement
Dara Khosrowshahi, Uber’s CEO, commented on the results: “We began the year with another quarter of scalable, profitable growth, seeing an 18% increase in trips and even higher user retention. We achieved over $2,000 million (€1,763 million) in quarterly cash flow.”
Q2 Projections
Uber anticipates gross bookings to grow between 16% and 20% in constant currency terms for Q2 2025. This would translate to between $45,750 million (€40,327 million) and $47,250 million (€41,649 million).
Key Questions and Answers
- Who is Uber Technologies? Uber Technologies is a global leader in online transportation and mobility services, offering various options such as ride-hailing, food delivery, and freight transportation.
- Why is this news relevant? The company’s shift from losses to profits in Q1 2025 demonstrates its financial recovery and growth, which impacts investors, competitors, and the broader transportation industry.
- How did Uber’s revenue perform? Uber’s total revenue increased by 13.8% to $11,533 million (€10,166 million) compared to the same period last year.
- What are the key revenue segments? Mobility generated a 15.3% increase, delivery saw a 17.5% rise, while freight experienced a slight decrease of 1.9%.
- What are Uber’s projections for Q2 2025? Gross bookings are expected to grow between 16% and 20% in constant currency terms, equivalent to $45,750 million (€40,327 million) and $47,250 million (€41,649 million).
