Uber Technologies (NYSE:UBER) Posts Earnings Results, Beats Expectations By $0.02 EPS

Uber Technologies (NYSE:UBER) issued its quarterly earnings data on Wednesday. The ride-sharing company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02, FiscalAI reports. The firm had revenue of $14.77 billion for the quarter, compared to analyst estimates of $14.66 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.11 EPS.

Here are the key takeaways from Uber Technologies’ conference call:

• Uber reported its fifth consecutive quarter of 20%+ gross bookings growth, with 215 million monthly active platform consumers, non-GAAP EPS up 35%, and record trailing 12-month free cash flow of $10.4 billion.
• Mobility growth came in below expectations as driver supply lagged demand in several international markets, with fuel costs and immigration trends contributing. Uber is making targeted supply investments and said supply hours growth improved in October, though seasonal constraints and possible pressure on rider prices remain considerations.
• Delivery gross bookings grew 23%, with management citing accelerating organic growth, stronger merchant selection, and membership engagement. Grocery and retail reached a $15 billion run rate, up 40% year over year.
• Uber expects about 700 fully driverless vehicles on its network by year-end and more than 2,000 by the end of 2027, while targeting tens of thousands in 2028 and beyond. Management cited a 30% utilization advantage on its network, but said scaling will require proving the economics and securing third-party financing.
• AI-agent activity remains very small: Uber reported about 500 Uber Eats orders and four rides from agents during a recent high-volume week. The company is developing its own AI features while exploring third-party channels, and says it is negotiating terms with AI providers.

Uber Technologies Stock Down 2.8%

Uber Technologies stock traded down $1.97 during mid-day trading on Thursday, reaching $67.90. 8,442,455 shares of the company’s stock were exchanged, compared to its average volume of 18,942,643. The company has a market cap of $138.69 billion, a P/E ratio of 14.92, a P/E/G ratio of 6.37 and a beta of 1.33. Uber Technologies has a twelve month low of $64.04 and a twelve month high of $95.18. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $70.50 and a 200-day moving average of $73.18.

Uber Technologies News Summary

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber reported third-quarter revenue of $14.77 billion, above expectations, while gross bookings grew 20% for a fifth consecutive quarter. Adjusted EPS of $0.88 also topped the $0.86 consensus, and adjusted operating income rose 38%. The large year-over-year decline in GAAP net income largely reflects unusual tax and investment items in the comparison period, rather than a comparable drop in underlying operating performance. Earnings report
• Positive Sentiment: Amazon selected Uber Eats as its U.S. restaurant-delivery partner for Prime members, who can order through Amazon’s app and website and receive fee-free delivery. The deal could expand Uber Eats’ reach and bring additional demand to its delivery business. Amazon partnership article
• Positive Sentiment: Wedbush reiterated its Outperform rating with a $91 target, Cantor Fitzgerald maintained Overweight with a $90 target, and Needham kept Buy despite reducing its target to $100 from $109. Wedbush rating
• Neutral Sentiment: Uber aims to scale its autonomous-vehicle network to about 700 fully driverless vehicles by year-end and more than 2,000 by the end of 2027. That could support longer-term growth, though commercial execution remains to be proven. Autonomous vehicle plans
• Negative Sentiment: Management’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 analyst estimate. Driver shortages, especially in international markets, and higher fuel costs are prompting greater driver incentives and could pressure margins or lead to higher rider prices. Profit outlook and cost pressures
• Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in January 2028, creating a potential competitive headwind in those markets. Waymo partnership article

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Andrew Macdonald purchased 70,000 shares of the company’s stock in a transaction on Friday, September 4th. The stock was acquired at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi purchased 141,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the purchase, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Thursday. Arete Research cut Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research note on Thursday, September 10th. KeyCorp lowered their price target on Uber Technologies from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.22.

About Uber Technologies

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.