Catenaa, Wednesday, May 07, 2025- Uber Technologies posted revenue growth of 14% year over year in the first quarter with gross bookings reaching $42 billion but below market expectation.
The ride hailing company said on Wednesday that its revenue in Q1 grew by 14% year on year to $11.5 billion with trips growing by 18% to 3 billion and gross bookings by 14% to $42.8 billion.
“We kicked off the year with yet another quarter of profitable growth at scale, with trips up 18% and even stronger user retention,” said Uber CEO Dara Khosrowshahi, “Supported by the consistent strength of our core business, we continue to build towards the future, including five new autonomous vehicle announcements in just the last week.”
Moreover, Uber CFO Prashanth Mahendra-Rajah said Uber delivered over $2 billion of quarterly free cash flow, with multiple levers in its control to generate industry-leading cash flow growth, “We remain focused on disciplined capital allocation to drive greater financial durability and are on track to deliver against our multiyear plan.” he added.
Uber said its Q1 Monthly Active Platform Consumers (MPACs) grew 14% to 170 million and saw revenue growth in its core ride-hailing (up 15%) and delivery (18%) segments, though freight fell 2%.
The adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) came in at $1.9 billion vs. $1.84 billion estimated, up 35% year over year.
For the current quarter, Uber expects gross bookings of $45.75 billion to $47.25 billion, representing growth of 16% to 20%, while anticipating an adjusted EBITDA of $2.02 billion to $2.12 billion, which represents 29% to 35% YoY growth.
Uber stock was down by over 3.6% premarket on Wednesday, the stock has gained by over 42% so far in the year.
