Uber Q4 revenue slightly beats estimates on higher bookings

Overview

• Ride-sharing platform's Q4 revenue grew 20% yr/yr, slightly beating analyst expectations

• Adjusted EBITDA for Q4 rose 35% yr/yr to $2.5 bln

• Company reported record free cash flow of $2.8 bln

Outlook

• Uber anticipates Q1 2026 Gross Bookings of $52 bln to $53.5 bln

• Company expects Q1 2026 Non-GAAP EPS of $0.65 to $0.72

• Uber projects Q1 2026 Adjusted EBITDA of $2.37 bln to $2.47 bln

Result Drivers

• TRIP GROWTH - Quarterly trips increased by 22% YoY, driven by a rise in Monthly Active Platform Consumers and trips per consumer

• GROSS BOOKINGS - Gross Bookings grew 22% YoY to $54.1 billion, reflecting strong consumer engagement

• PLATFORM STRATEGY - Uber's platform strategy supported financial performance, with $193 billion in Gross Bookings and $10 billion in free cash flow

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 46 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Uber Technologies Inc is $110.00, about 41.2% above its February 3 closing price of $77.93

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nBwc32VzDa

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