Uber beats on revenue, announces $20 billion stock buyback

In this article Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here's how the company did versus analysts' estimates compiled by LSEG: Earnings per share: 63 cents vs. 63 cents expected. 63 cents vs. 63 cents expected. Revenue: $12.65 billion vs. $12.46 billion expected. Here are the key segment numbers: Mobility (gross bookings): $23.76 billion, up 18% year over year $23.76 billion, up 18% year over year Delivery (gross bookings): $21.73 billion, up 20% year over year Uber's revenue increased 18% from $10.7 billion a year earlier. For the quarter ending June 30, net income rose to $1.36 billion, or 63 cents per share, from $1.02 billion, or 47 cents per share, a year ago. Gross bookings rose 17% to $46.8 billion, and the company reported adjusted earnings of $2.12 billion. Uber's "monthly active platform consumers" increased 15% to 180 million in the second quarter. The company said users booked around 3.3 billion trips during the period, up 18% from a year earlier. CEO Dara Khosrowshahi said in prepared remarks that Uber sees "enormous potential in better serving families across all stages of life."