Uber misses revenue expectations with trips up 18% over last year

Uber reported first-quarter results Wednesday that beat analysts' expectations for earnings, but fell shy of anticipated revenue growth for the quarter. Shares fell about 5% following the report. Here's how Uber did versus analysts' estimates compiled by LSEG: Earnings per share: 83 cents vs. 50 cents expected. 83 cents vs. 50 cents expected. Revenue: $11.53 billion vs. $11.62 billion expected. Revenue at the ride-sharing company grew about 14% in the first three months of 2025, up from $10.13 billion during the same period in 2024. The company also reported net income of around $1.78 billion or 83 cents per share during the first three months of 2025, up from a net loss of $654 million, or a loss of 32-cent loss per share, during the first quarter of 2024. Uber CEO Dara Khosrowshahi and CFO ‭Prashanth Mahendra-Rajah said they expect gross bookings to reach between $45.75 billion and $47.25 billion during the current quarter, with EBITDA in the range of $2.02 billion to $2.12 bil ... Read full article.