Uber Technologies, Inc. · UBER · FY2025 Q4 · Calendar Q1 2026

Uber pairs strong FY2025 execution with AV scaling risks

Uber's FY2025 execution and product expansion support the growth case, while AV scaling, competition, insurance and capital allocation keep the outlook conditional.

Reported Before market openNYSETechnology $138.75B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.14 Consensus $0.79
EPS surprise -82.2% Reported versus consensus
Reported revenue $14.37B Consensus $14.32B
Revenue surprise +0.3% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -5.1% Event window
SPY move -0.5% Same window
Abnormal move -4.7% Stock minus SPY
Volume 3.2× Versus trailing sessions
Subsequent drift +2.1% Up to 20 sessions
UBERSPY benchmark

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Transcript intelligence

What changed

Management highlighted a larger autonomous-vehicle rollout, including deployments in 15 cities by year-end and an agreement covering the first 25,000 Waabi passenger vehicles, while continuing product, delivery, advertising and repurchase initiatives.

Guidance delta

Maintained; no change was identified in the supplied analysis.

Key takeaways

  • Management reported FY2025 adjusted EBITDA up 35% and free cash flow up 42%.
  • Uber One membership grew 55% year over year to 46 million members.
  • Management plans AV deployments in 15 cities by year-end and has an exclusive agreement for the first 25,000 Waabi passenger vehicles.
  • Delivery selection, advertising, new products and international expansion remain additional growth priorities.

Management priorities

  • Deploy autonomous vehicles in 15 cities by year-end and deepen the NVIDIA data-simulation partnership.
  • Expand Uber Eats grocery and retail offerings and grow advertising inventory.
  • Scale products including Moto and Reserve while expanding Uber One.
  • Continue share repurchases while funding core growth and AV investment.

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Earnings History

Estimate Beat Miss Match
UBER EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $0.22 Q1 '24 actual $-0.32, miss Q2 '24 estimate $0.31 Q2 '24 actual $0.47, beat Q3 '24 estimate $0.41 Q3 '24 actual $1.20, beat Q2 '25 estimate $0.63 Q2 '25 actual $0.63, match Q3 '25 estimate $0.69 Q3 '25 actual $3.11, beat Q4 '25 estimate $0.79 Q4 '25 actual $0.14, miss Q1 '26 estimate $0.69 Q1 '26 actual $0.72, beat Q2 '26 estimate $0.81 Q2 '26 actual $0.81, match Q3 '26 estimate $0.86 Q4 '26 estimate $0.98 Q1 '27 estimate $0.93
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Analyst Consensus ?

ConsensusBuy62 ratings
Bullish5182.3%
Neutral1117.7%
Bearish00.0%

Analyst 52W Price Targets

$69.36Current
$33Low
$90.42Average
$150High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 29, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wedbush Outperform OutperformMaintainSep 8, 2026
StoneX Hold HoldMaintainSep 8, 2026
Rosenblatt Buy BuyMaintainSep 3, 2026
BTIG Buy BuyMaintainSep 3, 2026
Citizens Market Outperform Market OutperformMaintainAug 25, 2026
Show 57 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $69.36. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Arete ResearchAnalyst unavailable$74$71.08 +6.7%Sep 10, 2026
ScotiabankAnalyst unavailable$100$73.13 +44.2%Sep 9, 2026
BTIGJake Fuller$100$75.96 +44.2%Sep 4, 2026
BMO CapitalBrian Pitz$119$75.77 +71.6%Sep 3, 2026
Roth CapitalAnalyst unavailable$100$77.38 +44.2%Aug 10, 2026
See 143 more

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Company context

Snapshot as of publication

Uber Technologies, Inc. is a leading technology corporation that conceptualizes and deploys its proprietary software applications across a broad global footprint, spanning North and South America, Europe, the Middle East, Africa, and the Asia-Pacific region. The company primarily serves as a digital nexus, linking consumers with independent transport providers for ride-hailing services. Furthermore, it connects individuals and other patrons with a variety of establishments—such as restaurants, grocery stores, and other retailers—to a network of delivery service providers for the preparation and transport of meals, groceries, and other goods. The organization structures its operations into three distinct divisions: Mobility, Delivery, and Freight.…

Historical context

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-09-29T22:21:06.129109+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-29T22:21:06.126535+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-29. For educational purposes only; not investment advice.