Uber 2Q25 Earnings Preview: Will the Rally Continue
TradingKey - Uber will release its earnings for the second quarter of the fiscal 2025 on August 6th before the bell.
- 2Q25 Earnings per share: $0.63 estimate vs. 2Q24 actual of $0.47 (+34% y/y)
- 2Q25 Revenue: $12.47bn estimate vs. 2Q24 actual of $10.70bn (+17% y/y)
Operating Performance
Uber’s operating performance will be in the spotlight, especially when it comes to the metrics related to monthly users, number of trips, and gross bookings. The monthly consumers are expected to grow around 14-15% driven primarily by overseas markets. Also, the gross bookings are expected to be even at a higher growth, 16-20% due to Uber’s ability to upsell their users. These metrics are even more important than the financial metrics such as revenue or EPS, as they demonstrate the durability of the company’s business model in the long run. What is more important for Uber, however, is not the Q2 results but the outlook for Q3.
Industry Dynamics
Uber continues to be in intense competition with Lyft for the US mobility market, as well as DoorDash within the food delivery. Thus, we would like to see if there are any changes in the competitive dynamics there. Also, mobility remains very dependent on regulations, either when it comes to taxi licenses or to drivers’ compensation, making the company’s stock prone to changes in the legal framework.
Robotaxis
Anything with regard to robotaxis and autonomous vehicles will be closely observed by the public. One of the major drivers of the solid UBER stock performance is the ability of the company to partner with the growing robotaxi companies providing their vast platform and data. Thus, any future partnerships, any expansion projects towards new geographies or even cost implications will be a centerpiece of the coming earnings
Conclusion
Regardless of the results, the long-term outlook remains optimistic, with just 15x PE, dominant market share in mobility and a vast opportunity within autonomous vehicles, Uber remains a strong investment story.
