Breaking News
Aug 7, 2025
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Uber Technologies Inc. fell 0.2% to $89.01, and the ride-hailing and delivery services provider reported a muted increase in sales and earnings in the latest quarter.
Revenue increased to $12.6 billion from $10.7 billion, net income jumped to $1.4 billion from $1.0 billion, and diluted earnings per share rose to $0.63 from $0.47 a year ago.
For the six-month period, revenue edged higher to $24.2 billion from $20.8 billion, net income soared to $3.1 billion from $361 million, and diluted earnings per share advanced to $1.47 from 15 cents a year ago.
The company's board authorized a new share repurchase program for an additional $20 billion.
During the second quarter, the company returned $1.3 billion to shareholders through its stock repurchase program.
Looking ahead to the third quarter of 2025, the company projected "robust year-over-year growth, driven by strong underlying demand and recent strategic acquisitions."
Gross bookings are expected to range between $48.25 billion and $49.75 billion, reflecting a 17% to 21% increase year-over-year on a constant currency basis.
This outlook factors in a neutral to modestly positive foreign exchange impact on total reported growth.
Adjusted EBITDA is projected to fall between $2.19 billion and $2.29 billion, representing a 30% to 36% increase compared to the same period last year.
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