12:27 PM EDT, 08/06/2025 (MT Newswires) -- Uber Technologies ( UBER ) on Wednesday guided third-quarter bookings above Wall Street's views as the ride-hailing company benefited from increased mobility rides and delivery orders in the preceding three-month period.
The company expects bookings of $48.25 billion to $49.75 billion for the September quarter, implying annual growth of 17% to 21% on a constant currency basis. Analysts polled by FactSet are projecting bookings of $47.50 billion.
The guidance assumes a "neutral to modestly positive" foreign exchange impact and takes into account contribution from the previously announced acquisition of Turkish food and grocery delivery platform Trendyol Go, Uber ( UBER ) said in a statement.
Gross bookings rose 17% year over year to $46.76 billion in the second quarter, ahead of the $46.42 billion projected by analysts. Trips, which include mobility rides and delivery orders, increased 18% to 3.27 billion.
"Demand remained strong across our globally diversified business," Chief Executive Dara Khosrowshahi said in prepared remarks. "Our monthly audience expanded to a record 180 million consumers, up 15% (year over year), and those consumers used the platform more frequently than ever, averaging 6.1 trips per month."
Revenue increased 18% was $12.65 billion, surpassing the consensus of $12.47 billion. Earnings rose to $0.63 per share from $0.47 a year earlier, in line with the Street's estimates.
The company approved a new share buyback program worth up to $20 billion.
"We believe our strong financial position and industry leading cash flow growth will enable us to invest in our business while also scaling capital returns to investors over time," Chief Financial Officer Prashanth Mahendra-Rajah said in prepared remarks.
Uber ( UBER ) is "well-positioned" to bring autonomous vehicle technology to a global audience, Khosrowshahi said.
"We now have 20 AV partners across mobility, delivery, and freight, and are focused on deploying more vehicles on the Uber ( UBER ) network," Khosrowshahi said.
Wedbush Securities said on Wednesday that it is cautious on Uber ( UBER ) due to the eventual impact of AV disruption on established ride-sharing networks.
"We maintain our neutral rating and continue to be concerned about Uber's ( UBER ) position in the emerging (and) disruptive autonomous ride share market," Wedbush analysts Scott Devitt and Matthew Weiss said in a note.
Uber's ( UBER ) stock was down 1.5% intraday Wednesday.
Price: 87.74, Change: -1.66, Percent Change: -1.85
