Uber Technologies Inc (NYSE:UBER, ETR:UT8) reported second quarter 2025 results that exceeded revenue expectations and came in largely in line with profit forecasts, while issuing robust guidance for the third quarter and unveiling a major stock repurchase plan.
The ride-hailing app reported an 18% year-over-year increase in revenue to $12.65 billion, slightly ahead of Wall Street estimates of $12.47 billion.
Earnings per share were $0.63, just above the consensus forecast of $0.62.
Gross bookings climbed 17% to $46.8 billion, while trips increased by 18% to 3.3 billion.
“Our platform strategy is working, with record audience, frequency, and profitability across Mobility and Delivery,” Uber CEO Dara Khosrowshahi said. “But we’re still only beginning to unlock the platform’s full potential, now with 20 autonomous partners around the world.”
Additionally, Uber announced that its board has authorized an additional $20 billion share repurchase program.
“Today’s announcement of a new $20 billion share repurchase authorization underscores our confidence in the business, following yet another quarter of strong top and bottom-line performance,” Uber CFO Prashanth Mahendra-Rajah said.
“Our trailing 12-month free cash flow hit a new all-time high of $8.5 billion, and we remain committed to driving durable, profitable growth.”
Despite the strong results, Uber shares edged lower following the announcement, likely due to elevated investor expectations and profit-taking. Shares of Uber were down 2.4% at $87 post-earnings.