"Performance" Uber turns a profit in the first quarter but revenue falls short of expectations, stock price drops 5% in pre-market trading

AASTOCKS
2025.05.07 12:50

Ride-hailing service Uber (UBER.US) announced that it turned a profit in the first quarter, recording a net profit of $1.78 billion, with earnings per share of $0.83, exceeding market expectations of $0.50; however, revenue grew 14% year-on-year to $11.53 billion, which fell short of expectations. The stock price fell about 5% in pre-market trading.

Total bookings during the quarter reached $20.38 billion, an increase of 15% year-on-year; users booked approximately 3.04 billion rides, an increase of 18% year-on-year; and monthly active platform users rose to 170 million, an increase of 14% year-on-year.

Uber will continue to invest in autonomous vehicle technology, with the company viewing self-driving cars as the biggest opportunity for the future. Uber allows app users to book robotic taxis in certain markets in the U.S. or order deliveries through autonomous vehicles in other markets

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