Quick Summary
- First quarter results from Uber arrive Wednesday morning before market open
- Analysts anticipate $13.33B in revenue (roughly 15% annual growth) with $0.71 EPS forecast
- Gross bookings estimated at $52.9B, representing approximately 23% year-over-year growth
- Recent robotaxi partnerships announced with Lucid, Rivian, and Nuro
- Shares down approximately 9% year-to-date; analysts have reduced EPS projections 10 times in past quarter
Uber’s first quarter financial results drop Wednesday before the opening bell, with market participants eager to assess whether profitability momentum can withstand current headwinds.
Analyst consensus points to revenue reaching $13.33 billion, marking approximately 15% growth compared to the same period last year. The Street is modeling adjusted earnings per share at $0.71, while EBITDA forecasts sit at $2.44 billion.
Shares traded near $74.25 entering the earnings event, reflecting a roughly 9% decline since the start of the year.
Gross bookings projections stand at $52.9 billion, representing about 23% year-over-year expansion. This figure falls comfortably within management’s previously issued guidance spanning $52 billion to $53.5 billion.
Monthly Active Platform Consumers represents another metric drawing investor attention. The most recent quarter delivered 202 million users, climbing 18% annuallyāa notable improvement from the 14% growth rate recorded at 2025’s beginning.
Recent estimate trends paint a concerning picture. Throughout the last three months, Wall Street analysts have lowered earnings projections ten times, with only a single upward adjustment during that span.
Autonomous Vehicle Strategy Accelerates
The rideshare giant has executed multiple autonomous driving initiatives leading up to this earnings announcement. A newly established division called Uber Autonomous Solutions aims to assist partners in developing and deploying self-driving fleets across its platform.
April brought an expanded financial commitment to Lucid Motors (LCID), reaching $500 million and securing ownership above 11%. The forthcoming robotaxi offering will deploy Lucid electric vehicles equipped with Nuro’s Level 4 self-driving technology.
Uber and its fleet collaborators have also committed to acquiring 10,000 Rivian (RIVN) R2 autonomous vehicles, with purchase options for an additional 40,000 units in 2030. The $1.25 billion arrangement depends on achieving specific autonomous development milestones, with $300 million already locked in.
First deployments target San Francisco and Miami during 2028, with expansion planned across 25 metropolitan areas by 2031. Hertz’s fleet operations division will manage charging infrastructure, vehicle maintenance, and cleaning when the Bay Area service begins later this year.
Diversification Beyond Transportation
Uber unveiled its travel ambitions during last week’s annual GO-GET event. A newly launched hotel reservation capability, developed in partnership with Expedia (EXPE), provides access to more than 700,000 lodging options worldwide.
Uber One loyalty program participants receive 10% cash back credits on hotel reservations plus exclusive discounts across over 10,000 properties. The platform now includes AI-powered voice booking functionality through OpenAI’s ChatGPT integration.
Regulatory challenges continue creating uncertainty, while operational expenses climb as the company finances these ambitious strategic initiatives. Market caution appears reflected in the stock’s year-to-date underperformance.
GF Value analysis establishes a fair value estimate of $93.67, suggesting the shares qualify as modestly undervalued at present trading levels.
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