Uber Technologies (UBER) Company Report

Uber grew 21% YoY in gross bookings in Q3 2025, reaching a $50 billion run rate, driven by broad-based strength across products and regions.
Penetration of adults using Uber or Eats in the top 10 markets remains at ~15%, with only 20% using both services, indicating significant room for user growth globally.
The “Bending the Insurance Cost Curve” initiative has cut U.S. insurance cost growth to mid-single digits, enabling the reinvestment of hundreds of millions into lower mobility pricing in 2026.
Delivery has accelerated for over a year, supported by a 50% YoY increase in merchant-funded offers, expansion in grocery/retail (now a $12 billion run rate), and ongoing product quality improvements.
Uber plans to offer robotaxis in 10+ cities by end-2026 through partnerships with AV providers (e.g., Waymo), leveraging its platform to drive high vehicle utilization.

1 day ago

Transcript

Uber outlines growth drivers and investment strategies at UBS Global Technology and AI Conference

UBER

Revenue Acceleration/Inflection

New Projects/Investments

Uber’s gross bookings grew 21% year-over-year in Q3, reaching a $50 billion annual run rate, driven by broad-based increases in supply, merchant additions, and new use cases across mobility and delivery.
Penetration stands at 15% of adults in Uber’s top 10 markets and 20% cross-product adoption, highlighting a significant runway for user growth and frequency expansion over the next several years.
US insurance cost reductions—from technology-enabled safety programs, state policy reforms (e.g., California liability cuts), and moderating industry premiums—will free up hundreds of millions to reinvest in lowered rider pricing in 2026, targeting higher trip volumes.
Delivery is in its eighth consecutive quarter of accelerating growth, with merchant-funded offers up 50% YoY, expanding grocery/retail partnerships, and a current run rate of $12 billion.
Strategic investments include enhancing cross-platform utilization, launching new consumer segments (e.g., Seniors), and rolling out robotaxi services in 10+ cities by end-2026 through high-utilization AV partnerships (e.g., Waymo in Phoenix, Austin, Atlanta).

1 day ago

Transcript

Uber outlines growth drivers and strategy at UBS 2025 Tech & AI Conference

UBER

Revenue Acceleration/Inflection

New Projects/Investments

Mobility and delivery gross bookings grew 21% in Q3, reaching a $50 billion run rate, driven by 21% growth in driver/courier supply and 12% more merchants year-over-year.
Global penetration remains low: only 15% of adults in Uber’s top 10 markets use the platform and just 20% use both rides and delivery, indicating a multi-year runway for high-teens growth, including in the U.S. where penetration also sits at 15%.
U.S. insurance headwinds have eased from low-20% cost increases to mid-single digits, freeing up hundreds of millions for 2026 fare reductions expected to boost trip volumes.
Delivery growth has accelerated for seven consecutive quarters, supported by product enhancements, merchant-funded offers up 50%+ YoY, and expansion of grocery/retail partnerships to a $12 billion annual run rate.
Uber plans to offer autonomous vehicle rides in 10+ cities by end-2026, leveraging its platform to maximize AV utilization and ensure seamless user experiences through partnerships with Waymo and others.

1 day ago

Transcript

Uber launches Avride robotaxi service in Dallas

UBER

Product Launch

New Projects/Investments

Uber has launched an Avride robotaxi service in Dallas, covering a nine-square-mile area including Downtown, Uptown, Turtle Creek, and Deep Ellum.
The service integrates autonomous vehicles into UberX, Uber Comfort, and Uber Comfort Electric rides at no additional cost, with an onboard safety specialist during the initial rollout.
Following the announcement, Uber’s stock rose by 2% in premarket trading, while Nebius Group NV (Avride’s parent) saw a 1.4% increase.
This launch aligns with Uber’s strategy of partnering with autonomous-vehicle firms like Waymo and Pony.AI rather than developing in-house self-driving technology, as it aims to scale toward fully driverless rides.

1 day ago

Bloomberg

Uber launches fully driverless robotaxis in Abu Dhabi

UBER

Product Launch

New Projects/Investments

Fully autonomous WeRide robotaxis now operate on Yas Island, Abu Dhabi, marking the first deployment outside the US and China, available via the Uber app’s “Autonomous” option for UberX and Uber Comfort rides.
Uber oversees fleet operations (cleaning, maintenance, charging) and rider support across the 12-square-mile service area, while WeRide handles vehicle testing and sensor calibration.
The service uses WeRide’s GXR model equipped with over 20 sensors on Geely’s Farizon SuperVan platform; an initial pilot with safety operators began in December 2024.
The partnership, launched in September 2024, aims to expand fully driverless operations to Dubai and 15 additional cities over the next five years as part of Uber’s strategy to scale autonomous vehicle offerings.

Nov 26, 2025, 7:33 AM

Bloomberg

Uber Technologies expands Uber Freight partnership with Better Trucks

UBER

New Projects/Investments

Uber Freight made a strategic investment in Better Trucks to enhance its asset-light, end-to-end logistics offering with expanded last-mile capabilities.
Integration with Better Trucks’ connected technology, sortation centers, and geocoding solutions enables direct delivery from fulfillment centers to consumer doorsteps.
The partnership extends Uber Freight’s network to cover ~68% of the U.S. population, driving operational efficiency and cost savings as a supply chain orchestrator.
Positioned ahead of the peak holiday season, the collaboration aims to improve cost, first-attempt delivery success, and consumer satisfaction.

Nov 13, 2025, 12:00 PM

Press Release

WeRide lists on Hong Kong Stock Exchange

UBER

Delisting/Listing Issues

WeRide secured a dual primary listing on HKEX under the stock code 0800.HK, becoming the world’s first Robotaxi company publicly traded in both Hong Kong and the US.
The company issued 88.25 million shares (pre-greenshoe)—17.65 million public and 70.60 million international placement—at HKD 27.1 per share, raising approximately HKD 2.39 billion.
Founder and CEO Dr. Tony Han committed to a three-year lock-up on October 28, 2025, underscoring management’s confidence in WeRide’s long-term vision.
WeRide holds autonomous driving permits in seven countries with deployments in over 30 cities, enhancing its global commercial footprint.

Nov 6, 2025, 1:30 AM

Press Release

Uber reports Q3 2025 results

UBER

Earnings

Guidance Update

New Projects/Investments

Q3 trips rose 22%, gross bookings grew 21%, and the company delivered record adjusted EBITDA and free cash flow; Q4 guidance calls for high-teens gross bookings growth and low-to-mid-30s EBITDA growth.
Adjusted EBITDA increased 33% YoY to a margin of 4.5% of gross bookings, tracking the three-year framework; generated nearly $9 billion of free cash flow over the trailing 12 months, now fueling share count reduction.
Delivery accelerated at the fastest rate in four years, led by grocery and retail at a $12 billion run rate outpacing restaurant delivery growth; cross-platform consumers spend 3× more than single-product users, with loyalty programs and in-app personalization driving further adoption.
Advanced autonomous vehicle strategy through an NVIDIA Hyperion L4 reference architecture partnership and an initial 5,000-vehicle deal with Stellantis; Waymo markets in Austin and Atlanta saw growth more than 2× the rest of the U.S., though AV remains unprofitable until scaled.

Nov 4, 2025, 1:00 PM

Transcript

Uber reports Q3 2025 results

UBER

Earnings

Guidance Update

New Projects/Investments

In Q3, trips grew 22% YoY, mobility trips +21%, gross bookings +21%, delivering record adjusted EBITDA and free cash flow.
Uber expects Q4 high-teens gross bookings growth and low-to-mid-30s EBITDA growth.
Grocery and retail gross bookings reached an $12 billion run rate, outpacing restaurant delivery and now contribution positive.
Management outlined six strategic focus areas, including cross-platform engagement, hybrid human/AV fleet, local commerce, multiple gigs, merchant growth engine, and generative AI.

Nov 4, 2025, 1:00 PM

Transcript

Uber reports Q3 2025 results

UBER

Earnings

Guidance Update

New Projects/Investments

Uber delivered 22% trip growth YoY in Q3 2025, with 21% mobility growth, 21% gross bookings increase, flat pricing, and achieved record adjusted EBITDA and free cash flow; Q4 guidance calls for high-teens gross bookings growth and low-to-mid-30s EBITDA growth.
The company outlined six strategic focus areas, notably deepening cross-platform engagement—where combined mobility and delivery users spend three times more and retain 35% better—and scaling local commerce at a $12 billion run rate.
Adjusted EBITDA margin reached 4.5% of gross bookings (up 40 bps YoY) alongside 33% EBITDA growth, reflecting sustained investments in product innovation, affordability, and premium offerings while targeting annual profit expansion.
Insurance initiatives—including legislative wins in California, deployment of driver safety dashboards, and optimized commercial partnerships—are expected to drive hundreds of millions in cost savings for 2026, enabling lower fares for riders.
Uber is advancing its autonomous vehicle ambitions through an NVIDIA L4-ready fleet partnership, a global AV data collection network, and collaborations with Stellantis, anticipating initial investment-driven losses before long-term profitability.

Nov 4, 2025, 1:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Uber Technologies.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Dara Khosrowshahi say about margins?What are Uber Technologies's strategic priorities?How is Uber Technologies positioned vs competitors?How did Uber Technologies do last quarter?

Let Fintool AI Agent track Uber Technologies's earnings for you

Get instant analysis when filings drop