Uber Technologies (NYSE:UBER – Get Free Report) posted its quarterly earnings results on Wednesday. The ride-sharing company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02, FiscalAI reports. Uber Technologies had a net margin of 6.13% and a return on equity of 21.37%. The firm had revenue of $14.77 billion for the quarter, compared to the consensus estimate of $14.66 billion. During the same quarter in the previous year, the company earned $3.11 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year.
Here are the key takeaways from Uber Technologies’ conference call:
- Uber reported its fifth consecutive quarter of 20%+ gross bookings growth, with 215 million monthly active platform consumers, non-GAAP EPS up 35%, and record trailing 12-month free cash flow of $10.4 billion.
- Mobility growth came in below expectations as driver supply lagged demand in several international markets, with fuel costs and immigration trends contributing. Uber is making targeted supply investments and said supply hours growth improved in October, though seasonal constraints and possible pressure on rider prices remain considerations.
- Delivery gross bookings grew 23%, with management citing accelerating organic growth, stronger merchant selection, and membership engagement. Grocery and retail reached a $15 billion run rate, up 40% year over year.
- Uber expects about 700 fully driverless vehicles on its network by year-end and more than 2,000 by the end of 2027, while targeting tens of thousands in 2028 and beyond. Management cited a 30% utilization advantage on its network, but said scaling will require proving the economics and securing third-party financing.
- AI-agent activity remains very small: Uber reported about 500 Uber Eats orders and four rides from agents during a recent high-volume week. The company is developing its own AI features while exploring third-party channels, and says it is negotiating terms with AI providers.
Uber Technologies Stock Down 1.6%
Shares of NYSE UBER opened at $68.78 on Friday. The stock has a market cap of $140.48 billion, a PE ratio of 40.70, a PEG ratio of 6.68 and a beta of 1.33. The business has a fifty day moving average of $70.30 and a two-hundred day moving average of $73.10. Uber Technologies has a 52-week low of $64.04 and a 52-week high of $95.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.84 and a current ratio of 1.23.
Insider Activity
In other news, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the acquisition, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. The trade was a 11.50% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on UBER. Daiwa Securities Group dropped their price objective on shares of Uber Technologies from $80.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Mizuho set a $112.00 target price on shares of Uber Technologies and gave the company an “outperform” rating in a research report on Thursday, August 6th. Citizens Jmp reissued a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a research note on Wednesday, October 7th. Finally, KeyCorp dropped their price target on shares of Uber Technologies from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, forty-four have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.82.
Get Our Latest Stock Analysis on Uber Technologies
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Amazon named Uber Eats its U.S. restaurant-delivery partner for Prime members, who can order through Amazon’s app or website with no delivery fee on qualifying orders of $25 or more. The deal could expand Uber Eats’ reach and order volume. Amazon Adds Uber Food Delivery Perks for Its Prime Subscribers
- Positive Sentiment: Uber reported 20% growth in gross bookings and strong free cash flow, while adjusted EPS of $0.88 topped estimates. Its 92% GAAP net-income decline largely reflects unusually favorable one-time items in the year-ago quarter and an investment loss this quarter, rather than a comparable deterioration in core operations. Uber’s Profit Drop: A Speed Bump or Structural Shift?
- Neutral Sentiment: Analyst views remain mixed: Wedbush reaffirmed Outperform, while several firms lowered price targets but maintained positive or neutral ratings. The target reductions signal caution on near-term expectations, even as some analysts continue to see upside. Wedbush Reaffirms Outperform Rating
- Negative Sentiment: Management’s fourth-quarter adjusted EPS guidance of $0.95–$0.99 fell short of analysts’ expectations. Driver shortages, especially in international markets, and higher fuel costs are limiting Mobility growth and may require more driver incentives or higher rider prices. Uber CEO Reveals a Driver-Supply Problem
- Negative Sentiment: Several analysts cut price targets after the results, including Canaccord, Barclays, BTIG and KeyCorp. While most retained favorable ratings, the revisions add to concerns about the outlook. BTIG Cuts Uber Price Target
- Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in 2028, introducing a future competitive risk in those markets. Waymo Confirms It Will Split With Uber
About Uber Technologies
Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.
The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.
Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.
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