Uber beats on revenue, announces $20 billion stock buyback

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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.

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