Uber Technologies | 10-Q: Q3 2025 Earnings Report

Uber Technologies reported robust third-quarter results with revenue climbing 20% year-over-year to $13.5 billion, driven by a 21% increase in Gross Bookings to $49.7 billion. Net income surged to $6.6 billion, boosted by a $4.9 billion tax benefit from releasing Netherlands' deferred tax assets valuation allowance and $1.5 billion in unrealized gains on investments. Mobility Gross Bookings grew 19% while Delivery Gross Bookings rose 24%.Adjusted EBITDA reached $2.3 billion, up $566 million from last year, with Mobility Adjusted EBITDA rising $356 million to $2.0 billion and Delivery Adjusted EBITDA increasing $293 million to $921 million. Monthly Active Platform Consumers expanded 17% to 189 million, reflecting strong user growth across services. Operating cash flow strengthened to $7.2 billion for the nine months.The company ended Q3 with $9.1 billion in unrestricted cash and investments. During the quarter, Uber repurchased 15.7 million shares for $1.5 billion under its expanded $27 billion share repurchase program. The company announced plans to redeem its $1.15 billion convertible notes due December 2025 and completed strategic debt refinancing to optimize its capital structure.

Uber Technologies reported robust third-quarter results with revenue climbing 20% year-over-year to $13.5 billion, driven by a 21% increase in Gross Bookings to $49.7 billion. Net income surged to $6.6 billion, boosted by a $4.9 billion tax benefit from releasing Netherlands' deferred tax assets valuation allowance and $1.5 billion in unrealized gains on investments. Mobility Gross Bookings grew 19% while Delivery Gross Bookings rose 24%.Adjusted EBITDA reached $2.3 billion, up $566 million from last year, with Mobility Adjusted EBITDA rising $356 million to $2.0 billion and Delivery Adjusted EBITDA increasing $293 million to $921 million. Monthly Active Platform Consumers expanded 17% to 189 million, reflecting strong user growth across services. Operating cash flow strengthened to $7.2 billion for the nine months.The company ended Q3 with $9.1 billion in unrestricted cash and investments. During the quarter, Uber repurchased 15.7 million shares for $1.5 billion under its expanded $27 billion share repurchase program. The company announced plans to redeem its $1.15 billion convertible notes due December 2025 and completed strategic debt refinancing to optimize its capital structure.