Uber Technologies (UBER) UBER Q3 Financial Results Summary

By
QuoteReporter
-
0
4

Uber Technologies, Inc. (NYSE: UBER) Q3 2025 Financial Results Summary

Uber Technologies, Inc. (NYSE: UBER) announced its financial results for the third quarter of 2025 on November 4, 2025.

Financial and Operational Highlights for Q3 2025

  • Trips Growth: Total trips grew 22% year-over-year (YoY) to 3.5 billion.
  • Monthly Active Platform Consumers (MAPCs) increased 17% YoY.

  • Monthly trips per MAPC grew 4% YoY.

  • Gross Bookings: Increased to $49.7 billion, marking a growth of 21% YoY.

  • Constant currency basis also saw a 21% YoY increase.

  • Revenue: Grew to $13.5 billion, a 20% YoY increase.

  • Revenue growth on a constant currency basis was 19%.

  • Income from Operations: Reported at $1.1 billion, reflecting a 5% YoY increase.

  • Net Income: Increased significantly to $6.6 billion, benefiting from a $4.9 billion tax valuation release.

  • This represents an increase of 154% compared to the same quarter last year.

  • Adjusted EBITDA: Rose to $2.3 billion, up 33% YoY.

  • Adjusted EBITDA margin as a percentage of Gross Bookings was 4.5%, up from 4.1% in Q3 2024.

  • Cash Flow:

  • Operating cash flow stood at $2.3 billion.

  • Free cash flow totaled $2.2 billion, reflecting a 6% increase YoY.

  • Cash Position: Unrestricted cash, cash equivalents, and short-term investments were $9.1 billion at the end of Q3.

  • There are plans to redeem $1.2 billion in Convertible Notes due December 2025 in Q4.

Segment Highlights

  • Mobility:

  • Gross bookings reached $25.1 billion, up 20% YoY; revenue grew 20% to $7.7 billion.

  • Delivery:

  • Gross bookings were $23.3 billion, an increase of 25% YoY; revenue rose 29% to $4.5 billion.

  • Freight:

  • Gross bookings were steady at $1.3 billion year-over-year, while revenue remained virtually unchanged at $1.3 billion.

Outlook for Q4 2025

Management anticipates:
– Gross Bookings: Expected to range between $52.25 billion to $53.75 billion, representing a growth of 17% to 21% YoY on a constant currency basis.
– The outlook includes a forecasted 1 percentage-point currency tailwind.

  • Adjusted EBITDA: Expected between $2.41 billion to $2.51 billion, with YoY growth of 31% to 36% anticipated.

Shareholder Returns

  • Uber has engaged in share repurchases, noting $1.463 billion spent in Q3 2025 on repurchasing common stock.

Uber’s financial report for Q3 2025 indicates a robust performance, with meaningful growth in trips, gross bookings, revenue, and adjusted EBITDA, supported by a strong cash position and favorable outlook for the coming quarter.

Here are the requested tables extracted from the press release:

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share amounts which are reflected in thousands, and per share amounts)

Three Months Ended September 30, Nine Months Ended September 30,
2024 2025 2024 2025
Revenue $11,188 $13,467 $32,019 $37,651
Costs and expenses
Cost of revenue, exclusive of depreciation and amortization shown separately below 6,761 8,109 19,417 22,657
Operations and support 687 735 2,054 2,099
Sales and marketing 1,096 1,277 3,128 3,544
Research and development 774 862 2,324 2,517
General and administrative 630 1,183 2,525 2,509
Depreciation and amortization 179 188 542 534
Total costs and expenses 10,127 12,354 29,990 33,860
Income from operations 1,061 1,113 2,029 3,791
Interest expense -143 -112 -406 -325
Other income (expense), net 1,851 1,619 1,593 2,043
Income before income taxes and loss from equity method investments 2,769 2,620 3,216 5,509
Provision for (benefit from) income taxes 158 -4,046 244 -4,306
Loss from equity method investments -12 -14 -28 -39
Net income including non-controlling interests 2,599 6,652 2,944 9,776
Less: net income (loss) attributable to non-controlling interests, net of tax -13 26 -29 19
Net income attributable to Uber Technologies, Inc. $2,612 $6,626 $2,973 $9,757
Net income per share attributable to Uber Technologies, Inc. common stockholders:
Basic $1.24 $3.18 $1.42 $4.67
Diluted $1.20 $3.11 $1.36 $4.57
Weighted-average shares used to compute net income per share attributable to common stockholders:
Basic 2,101,660 2,084,180 2,090,809 2,089,220
Diluted 2,154,466 2,124,391 2,153,183 2,124,293

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

As of December 31, 2024 As of September 30, 2025
Assets
Cash and cash equivalents $5,893 $8,432
Short-term investments 1,084 654
Restricted cash and cash equivalents 545 477
Accounts receivable, net 3,333 3,773
Prepaid expenses and other current assets 1,390 1,803
Total current assets 12,245 15,139
Restricted cash and cash equivalents 2,172 2,574
Restricted investments 7,019 7,882
Investments 8,460 10,330
Equity method investments 302 315
Property and equipment, net 1,952 1,930
Operating lease right-of-use assets 1,158 1,126
Intangible assets, net 1,125 1,104
Goodwill 8,066 8,917
Deferred tax assets 6,171 10,710
Other assets 2,574 3,317
Total assets $51,244 $63,344
Liabilities, redeemable non-controlling interests and equity
Accounts payable 858 1,119
Short-term insurance reserves 2,754 3,268
Operating lease liabilities, current 175 163
Accrued and other current liabilities 7,689 8,571
Total current liabilities 11,476 13,121
Long-term insurance reserves 7,042 8,611
Long-term debt, net of current portion 8,347 10,615
Operating lease liabilities, non-current 1,454 1,412
Other long-term liabilities 449 430
Total liabilities 28,768 34,189
Redeemable non-controlling interests 93 158
Equity
Common stock — —
Additional paid-in capital 42,801 39,499
Accumulated other comprehensive loss -517 -430
Accumulated deficit -20,726 -10,935
Total Uber Technologies, Inc. stockholders’ equity 21,558 28,134
Non-redeemable non-controlling interests 825 863
Total equity 22,383 28,997
Total liabilities, redeemable non-controlling interests and equity $51,244 $63,344

RELATED ARTICLESMORE FROM AUTHOR