Uber reported better-than-expected income in its fourth-quarter earnings report on Wednesday, however the firm issued mushy revenue steerage for the present interval. The shares had been fell about 4%
This is how the corporate did versus LSEG consensus estimates for the interval resulted in December:
- Earnings per share: 71 cents adjusted
- Income: $14.37 billion vs. $14.32 billion estimated
Income elevated from $12 billion a 12 months earlier, Uber mentioned in its earnings launch. The mobility phase, its ride-hailing platform, generated income of of $8.2 billion, up 19% from a 12 months in the past, whereas supply income climbed 30% to $4.9 billion.
Analysts had been anticipating mobility income of $8.3 billion and supply income of $4.72 billion, in response to StreetAccount.
Uber additionally mentioned it is selling finance govt Balaji Krishnamurthy to the CFO position, changing Prashanth Mahendra-Rajah, who’s leaving the corporate.
Internet revenue for the quarter was $296 million, which included a $1.6 billion “web pre-tax headwind from revaluations of our fairness investments,” the corporate mentioned. Internet revenue a 12 months earlier was $6.88 billion.
Uber’s weaker income had been additionally associated to increased taxes, and its strikes to supply extra reasonably priced rides to prospects to be able to develop bookings and win new customers. The corporate mentioned it had 202 million “month-to-month energetic platform shoppers,” within the fourth quarter, up 18% 12 months over 12 months.
Uber reported gross bookings of $54.1 billion for the quarter, topping the typical analyst estimate of $53.1 billion, in response to StreetAccount. Gross bookings for the primary quarter are anticipated to extend at the least 17% from a 12 months earlier to between $52 billion and $53.5 billion.
The corporate’s strongest income progress for the quarter was in its supply enterprise, which began with eating places and now consists of groceries and retail. Partnerships with OpenTable, Shopify, and retailer manufacturers comparable to Loblaws in Canada, Biedronka in Poland, Seiyu in Japan and Coles in Australia helped drive growth.
Uber one-day inventory chart
In ready remarks forward of the earnings name, CEO Dara Khosrowshahi mentioned supply progress final 12 months was highest for Uber within the Europe, Center East and Africa area.
Uber’s report lands throughout a time of transition for the ride-hail business as autonomous automobiles develop into extra commonplace, particularly in city markets.
Echoing a viewpoint he shared a 12 months in the past, Khosrowshahi mentioned he is much more satisfied that “AVs will unlock a multi-trillion greenback alternative,” including that “autonomy essentially amplifies the strengths of our current platform.”
In Atlanta and Austin, Texas, the place Uber supplied autonomous rides in 2025, total journey progress “considerably accelerated” even for human drivers, the corporate mentioned in a shareholder deck. In San Francisco, the place Uber does not but have a robotaxi possibility, “the addition of AV provide to the market has grown the class total,” Khosrowshahi mentioned.
Alphabet’s Waymo has operated a driverless ride-hailing service through its personal app in San Francisco since 2024. In some markets, Waymo affords its robotaxi rides solely through the Uber app.
An Uber Eats bag within the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026.
Michael Nagle | Bloomberg | Getty Pictures
By the top of 2026, Uber expects to be facilitating AV journeys in as much as 15 cities globally, cut up between the U.S. and different nations, Khosrowshahi mentioned. “And by 2029, we intend to be the most important facilitator of AV journeys on this planet,” he added.
Forthcoming cities embrace Houston, Los Angeles and San Francisco, in addition to London, Munich, Hong Kong, Zurich and Madrid.
However Khosrowshahi cautioned that “autonomous automobiles are prone to stay a really small portion of the rideshare class for a few years to come back,” given technological, regulatory and different hurdles to their broader adoption.
Uber can be centered on rising its Uber One program, with members tending to e-book extra rides and purchase extra objects by Uber after they subscribe. The corporate is investing in its promoting enterprise as properly.
Enjoying into the surging reputation of generative synthetic intelligence, Uber mentioned it is working to “develop discovery and attain new prospects,” through integrations with ChatGPT, permitting customers to “uncover companies and eating places” earlier than finishing their checkouts.
