Dara Khosrowshahi, CEO of Uber, talking on CNBC’s Squawk Field exterior the World Financial Discussion board in Davos, Switzerland on Jan. 22, 2025.
Gerry Miller | CNBC
Uber reported second-quarter outcomes on Wednesday that beat on income and introduced the authorization of a $20 billion inventory buyback.
This is how the corporate did versus analysts’ estimates compiled by LSEG:
- Earnings per share: 63 cents vs. 63 cents anticipated.
- Income: $12.65 billion vs. $12.46 billion anticipated.
Listed below are the important thing phase numbers:
- Mobility (gross bookings): $23.76 billion, up 18% 12 months over 12 months
- Supply (gross bookings): $21.73 billion, up 20% 12 months over 12 months
Uber’s income elevated 18% from $10.7 billion a 12 months earlier. For the quarter ending June 30, internet earnings rose to $1.36 billion, or 63 cents per share, from $1.02 billion, or 47 cents per share, a 12 months in the past.
Gross bookings rose 17% to $46.8 billion, and the corporate reported adjusted earnings of $2.12 billion.
Uber’s “month-to-month lively platform customers” elevated 15% to 180 million within the second quarter. The corporate stated customers booked round 3.3 billion journeys in the course of the interval, up 18% from a 12 months earlier.
CEO Dara Khosrowshahi stated in ready remarks that Uber sees “monumental potential in higher serving households throughout all levels of life.”
Within the second quarter, Uber launched Senior Accounts, together with an “app expertise” that options bigger textual content and icons, and different options that enable household organizers to e-book and handle rides for others.
The corporate additionally not too long ago began testing a brand new characteristic within the U.S. that enables ladies riders or drivers to keep away from being paired with males of their trip when doable.
In some worldwide markets, Uber Eats’ meals supply service is extra common than trip hailing, and the corporate is working to extend “cross-platform exercise” to drive gross sales development, Khosrowshahi stated.
Uber shares are up 48% this 12 months as of Tuesday’s shut, whereas the Nasdaq has gained about 8% over that stretch.
Executives will go over outcomes and the corporate’s outlook on a name with analysts at 8 a.m. ET.
Uber YTD inventory chart.
