Overview
- Uber, which reported first‑quarter results on Wednesday, May 6, posted 14% revenue growth to $13.2 billion and adjusted earnings of $0.72 that came in above expectations.
- Gross bookings climbed 25% to $53.7 billion, monthly active users reached 199 million, and trips grew 20% to 3.04 billion, the figure in the company report even as some outlets cited 3.6 billion.
- Management executed a record $3 billion share buyback and flagged scale milestones that include 50 million Uber One members and 10 million drivers and couriers worldwide.
- The company guided to second‑quarter gross bookings growth of 18% to 22% in constant currency with adjusted EPS up 31% to 38%, while full‑year Street forecasts call for roughly 12% revenue and 36% EPS growth.
- After the print, Goldman Sachs cut its price target but kept a Buy, Stifel raised its target, and Fox Advisors upgraded the stock as they highlight momentum from subscriptions, advertising, grocery and retail delivery, and a capital‑light push into autonomy and AI services.