UBER Q4 2025 Earnings

Call Details

• Call Title: Uber Technologies, Inc. Q4 2025 Earnings Call
• Date: February 4, 2026 at 9:00 PM UTC
• Management Team:
  • Dara Khosrowshahi (Chief Executive Officer)
  • Prashanth Mahendra-Rajah (Chief Financial Officer)
  • Balaji Krishnamurthy (Incoming Chief Financial Officer)
  • Alax Wang (Head of Investor Relations)

Call Summary

Financial Performance

• Gross bookings increased 22% year-on-year in Q4 2025 as stated on the call.
• Uber reported $8.7B in adjusted EBITDA for 2025, representing a 35% increase year-on-year as stated on the call.
• Free cash flow for 2025 was $9.8B, representing a 42% increase year-on-year as stated on the call.
• Trips on the platform accelerated to a 15B annual run rate as stated on the call.
• Audience grew to over 200M monthly active users during Q4 2025 as stated on the call.
• Balaji stated the company was generating about $10B of free cash flow and that free cash flow was growing roughly 40% year-on-year as of the last year.

Guidance

• Executives expressed confidence in starting 2026 with momentum and a platform positioned for durable growth but did not provide formal numeric forward guidance.
• The company reiterated qualitative intent to make targeted growth-oriented investments across six strategic areas of focus announced previously.
• Balaji stated the company will continue to be aggressive buyers of its stock and expects buybacks to continue at a steady cadence.
• Dara stated the company expects free cash flow generation to increase going forward, enabling both investments and continued share repurchases.
• No specific quarterly or annual revenue, EPS, or margin guidance was disclosed on the call.