Overview
- Uber reported Q4 2025 growth of 22% in trips and gross bookings with record GAAP operating income of $1.8 billion, adjusted EBITDA of $2.5 billion, operating cash flow of $2.9 billion, and free cash flow of $2.8 billion.
- Citi reiterated a Buy rating with a $110 price target on Feb. 6, and Roth maintained a Buy with a $105 target on Feb. 5 following the results.
- CEO Dara Khosrowshahi called the quarter record‑breaking and said Uber now has over 200 million monthly users completing more than 40 million trips per day.
- A recent bullish analysis highlights a shift to utilization‑led growth, noting that about 20% of users use both Mobility and Delivery yet spend three times more with 35% higher retention.
- Uber is expanding autonomous partnerships, with Yahoo Finance reporting more than 20 AV developers on its network and Waymo conducting over 450,000 paid weekly rides across five U.S. cities using its own service and Uber’s platform.