UBER Q2 2025 Earnings

Call Details

• Call Title: Uber Technologies, Inc. Q2 2025 Earnings Call
• Date: August 6, 2025 at 12:00 PM UTC
• Management Team:
  • Dara Khosrowshahi (Chief Executive Officer)
  • Prashanth Mahendra-Rajah (Chief Financial Officer)
  • Balaji Krishnamurthy (Head of Investor Relations)
  • Andrew McDonald (Chief Operating Officer)

Call Summary

Financial Performance

• Trips and gross bookings were both up 18% in Q2 compared to the prior period.
• The company reported all-time highs for adjusted EBITDA, GAAP operating income, and free cash flow, although dollar amounts were not disclosed on the call.
• July transaction growth accelerated versus Q2, and profit per ride in the U.S. is up year-on-year after passing through insurance savings to consumers.
• MAPC growth increased by 10 million quarter-over-quarter according to analyst references on the call.
• Uber reported taking share count down 1% in Q2 versus prior period.
• The company stated that lower insurance costs in the U.S. enabled price pass-throughs that improved per-ride economics while supporting higher transaction frequency.

Guidance

• The company expects Q3 gross bookings growth in the high teens.
• The company expects adjusted EBITDA growth in the low-to-mid 30s in Q3.
• The team expressed confidence that continued pass-through of U.S. insurance savings will support accelerating mobility trips into Q3.
• Management characterized the quarter-to-date trends as improving through July, supporting the Q3 outlook.
• No GAAP EPS or full-year numeric guidance revisions were provided on the call.
• Guidance statements were framed as company expectations rather than revised formal 10-Q/10-K guidance disclosures.