Last Updated on May 7, 2025
Uber Surges on EPS Beat, Slips on Revenue Miss Despite Strong Q1 Growth
TL;DR
- Uber stock closed at $85.83, up 0.47% pre-earnings, but fell 5% post-results
- Q1 EPS of $0.83 beats Wall Street estimate of $0.50
- Revenue lands at $11.53B, narrowly missing $11.62B forecast
- Trips jump 18% YoY, totaling 3.04 billion rides in Q1
- CEO flags autonomous vehicle (AV) tech as Uber’s next big leap
Q1 Overview: Profits Beat, Revenue Misses
Uber Technologies, Inc. (NYSE: UBER) delivered a mixed bag in its Q1 2025 results, with profit numbers surpassing analyst expectations, but revenue coming up just short. The company posted an EPS of $0.83, beating the consensus estimate of $0.50, while quarterly revenue reached $11.53 billion, narrowly missing the $11.62 billion Wall Street projection.
Despite the revenue miss, the company saw a 14% year-over-year revenue increase from Q1 2024’s $10.13 billion. Net income surged to $1.78 billion, a dramatic improvement compared to the $654 million loss in the same quarter last year. Uber stock saw a 5% pullback after hours, despite a modest 0.47% gain during the trading day.
Mobility and Delivery Segments Fuel Growth
Uber’s core segments remained strong in Q1:
- Mobility gross bookings rose 13% YoY, totaling $21.18 billion
- Delivery bookings grew 15%, hitting $20.38 billion
- Monthly active consumers climbed to 170 million, up 14%
The platform processed 3.04 billion trips in the first quarter — an 18% increase year-over-year — signaling sustained user engagement across both rideshare and delivery.
AV Technology Takes Center Stage
Uber’s focus on autonomous vehicle (AV) development took center stage in the earnings call, with the company citing its AV unit as the most promising long-term opportunity. Uber now reports an AV annualized run rate of 1.5 million trips.
Notably, its Waymo-powered robotaxi service in Austin exceeded expectations, with over 100 autonomous vehicles now operating in the city and outperforming 99% of local drivers in completed trips. Uber also revealed active partnerships with Volkswagen, Avride, Aurora, and May Mobility in the U.S., as well as WeRide, Pony.AI, and Momenta internationally.
Forward Guidance: Strong Bookings, Expanding Profitability
Looking ahead to Q2 2025, Uber projects:
- Gross bookings: $45.75B to $47.25B
- Adjusted EBITDA: $2.02B to $2.12B
Despite the short-term sell-off following the revenue miss, the strong EPS and rising user metrics reaffirm Uber’s growth narrative. AV developments and international expansion remain key bullish drivers for the rest of 2025.
Final Thoughts
Uber’s Q1 earnings confirm the company’s capacity to scale profitably while investing in its next-generation technologies. Though the revenue miss caused a minor market dip, the strong earnings beat and expanding global footprint suggest that Uber’s longer-term fundamentals remain intact.
The growing success of its autonomous vehicle operations and partnerships with top-tier AV firms reinforce Uber’s push into the future of mobility. If Q2 guidance holds up and revenue acceleration resumes, Uber may be well-positioned for another leg higher in the second half of 2025.
Disclaimer
This article is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making investment decisions.
