Uber reported better-than-expected income in its fourth-quarter earnings report on Wednesday.
Shares have been down about 6% after the decision with analysts as the corporate touted its autonomous automobile progress however gave gentle steering on first-quarter income.
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 stated in its earnings launch. The mobility section, 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 have been anticipating mobility income of $8.3 billion and supply income of $4.72 billion, in line with StreetAccount.
Internet earnings for the quarter was $296 million, which included a $1.6 billion “internet pre-tax headwind from revaluations of our fairness investments,” the corporate stated. Internet earnings a 12 months earlier was $6.88 billion.
Uber’s weaker income have been additionally associated to greater taxes, and its strikes to supply extra inexpensive rides to prospects with a view to develop bookings and win new customers. The corporate stated 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 line with StreetAccount. Gross bookings for the primary quarter are anticipated to extend not less than 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 contains groceries and retail. Partnerships with OpenTable, Shopify, and retailer manufacturers equivalent to Loblaws in Canada, Biedronka in Poland, Seiyu in Japan and Coles in Australia helped drive enlargement.
Uber one-day inventory chart
In ready remarks forward of the earnings name, CEO Dara Khosrowshahi stated 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 trade as autonomous automobiles grow to be extra commonplace, particularly in city markets.
Echoing a viewpoint he shared a 12 months in the past, Khosrowshahi stated he is much more satisfied that “AVs will unlock a multi-trillion greenback alternative,” including that “autonomy essentially amplifies the strengths of our present 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 stated in a shareholder deck. In San Francisco, the place Uber would not but have a robotaxi possibility, “the addition of AV provide to the market has grown the class total,” Khosrowshahi stated.
Alphabet’s Waymo has operated a driverless ride-hailing service by way of its personal app in San Francisco since 2024. In some markets, Waymo provides its robotaxi rides completely by way of the Uber app.
An Uber Eats bag within the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026.
Michael Nagle | Bloomberg | Getty Photographs
By the tip of 2026, Uber expects to be facilitating AV journeys in as much as 15 cities globally, break up between the U.S. and different nations, Khosrowshahi stated. “And by 2029, we intend to be the most important facilitator of AV journeys on the 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 more likely to stay a really small portion of the rideshare class for a few years to return,” given technological, regulatory and different hurdles to their broader adoption.
Uber can be targeted on rising its Uber One program, with members tending to e book extra rides and purchase extra gadgets by means of Uber after they subscribe. The corporate is investing in its promoting enterprise as properly.
Taking part in into the surging reputation of generative synthetic intelligence, Uber stated it is working to “broaden discovery and attain new prospects,” by way of integrations with ChatGPT, permitting customers to “uncover companies and eating places” earlier than finishing their checkouts.
WATCH: Uber CEO on the patron market
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