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Uber outperforms on Q3 results, but guidance curbs investor enthusiasm
Nov. 04, 2025 8:09 AM ETUber Technologies, Inc. (UBER) StockLYFTBy: Amy Thielen, SA News Editor
Uber (UBER) beat on both the top- and bottom-line in the third quarter, fueled by double-digit growth in rides and gross-bookings that lifted the company to record profitability.
“Uber’s growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company’s history,” said CEO Dara Khosrowshahi. “We’re building on that momentum by investing in lifelong customer relationships, leaning into our local commerce strategy, and harnessing the transformative potential of AI and autonomy.”
Shares are in negative turf in premarket trading, however, as the midpoint of the company’s profit guidance for the fourth quarter came in below Wall Street’s expectations.
As Uber (UBER) expects to see a 17% to 21% increase in gross bookings to $52.25B to $53.75B, adjusted EBITDA is expected to grow by 31% to 36% to a range of $2.41B to $2.51B, of which the midpoint of $2.46B is below $2.49B expectations.
In the third quarter, Uber’s (UBER) impressive results underscored the company’s efforts to expand its options outside of traditional ride-sharing, including grocery and restaurant delivery, and exploring more cost-effective options in autonomy. Accordingly, Uber (UBER) realized a 22% increase in trips to 3.5B with a 17% increase in use by monthly active platform customers. Gross bookings were up 21% to $49.7B versus $48.96B estimates, driving total revenue up 20% to $13.5B, beating expectations by $240M.
By segment, mobility bookings increased 20% to $25.11 versus $24.84B estimates, delivery bookings were up 25% to a better-than-expected $22.8B, while freight bookings were unchanged at $1.31B, slightly above $1.30B expectations.
The company’s profitability improved significantly as well with EPS nearly tripling to $3.11 and $0.51 better than expectations.
Uber (UBER) shares last traded with a loss of 5%, pressuring shares of rival Lyft (LYFT).