Uber Reports Strong Q4 2025 Results with Record Gross Bookings and Positive Q1 2026 Outlook

summarizeSummary

Uber Technologies, Inc. announced robust fourth-quarter and full-year 2025 financial results, featuring significant growth across key operational metrics and a positive outlook for Q1 2026, alongside a planned CFO transition.

check_boxKey Events

• Record Q4 2025 Financial Performance

  Uber reported record quarterly Gross Bookings of $54.1 billion (+22% YoY), Revenue of $14.4 billion (+20% YoY), Adjusted EBITDA of $2.5 billion (+35% YoY), and Free Cash Flow of $2.8 billion (+65% YoY). Non-GAAP Operating Income grew 46% YoY to $1.9 billion, and Non-GAAP EPS increased 27% YoY to $0.71.

• Positive Q1 2026 Outlook

  The company anticipates Q1 2026 Gross Bookings between $52.0 billion and $53.5 billion, representing 17% to 21% year-over-year growth. Non-GAAP EPS is projected to be $0.65 to $0.72, with Adjusted EBITDA expected between $2.37 billion and $2.47 billion.

• CFO Transition Announced

  Prashanth Mahendra-Rajah will step down as Chief Financial Officer on February 16, 2026, and will be succeeded by Balaji Krishnamurthy, currently Vice President of Strategic Finance. Mr. Mahendra-Rajah will serve as a Senior Finance Advisor through July 1, 2026.

auto_awesomeAnalysis

Uber Technologies, Inc. delivered robust fourth-quarter and full-year 2025 financial results, showcasing significant growth in key operational metrics and strong cash flow generation. While GAAP net income saw a substantial year-over-year decline, this was primarily attributed to non-operational equity revaluation headwinds, contrasting with a large tax benefit in the prior year. The company's Non-GAAP EPS, Adjusted EBITDA, and free cash flow all demonstrated strong growth, indicating underlying business health. The positive outlook for Q1 2026 further reinforces confidence in continued momentum. Additionally, the planned CFO transition appears smooth, with an internal promotion ensuring continuity, and the company is now reporting using the Non-GAAP Operating Income metric as announced in its January 12, 2026 filing.