Uber reports 18% rise in Q2 trips as cash flow hits record levels
- Perry Richardson
- 5 minutes ago
- 2 min read
Uber has reported strong growth for the second quarter of 2025, with total trips rising 18% year-on-year to 3.3 billion. The company’s revenue climbed 18% to $12.7 billion, while income from operations jumped to $1.5 billion, marking an 82% increase compared to the same period last year.
The company’s Mobility and Delivery divisions continued to drive growth. Mobility bookings rose 16% to $23.8 billion, while Delivery bookings increased 20% to $21.7 billion. Freight, in contrast, recorded a 1% decline.
Adjusted EBITDA grew by 35% to $2.1 billion, representing a margin of 4.5% of Gross Bookings. Free cash flow hit $2.5 billion for the quarter, contributing to a record trailing twelve-month figure of $8.5 billion.
Uber also announced a new $20 billion share repurchase programme, a move CFO Prashanth Mahendra-Rajah said reflects confidence in the firm’s ability to maintain profitable growth. Unrestricted cash and short-term investments at the end of June stood at $7.4 billion.
Uber CEO Dara Khosrowshahi noted that the company now works with 20 autonomous vehicle partners globally and said Uber is still only starting to realise the full value of its multi-service platform.
Looking ahead to Q3 2025, Uber expects Gross Bookings between $48.25 billion and $49.75 billion, with Adjusted EBITDA projected to reach between $2.19 billion and $2.29 billion.
Khosrowshahi said: “Our platform strategy is working, with record audience, frequency, and profitability across Mobility and Delivery.
“But we’re still only beginning to unlock the platform’s full potential, now with 20 autonomous partners around the world.”
Prashanth Mahendra-Rajah, Uber CFO, said: “Today’s announcement of a new $20 billion share repurchase authorization underscores our confidence in the business, following yet another quarter of strong top and bottom-line performance.
“Our trailing twelve month free cash flow hit a new all-time high of $8.5 billion and we remain committed to driving durable, profitable growth.”
