Uber Q4 2025 Earnings: 20% Revenue Growth Fueled by Food Delivery Surge

Uber delivered a strong finish to 2025. The ride-hailing and delivery giant reported fourth-quarter earnings on Wednesday that beat Wall Street expectations, with revenue climbing 20% year-over-year to $14.37 billion.

Uber CEO Dara Khosrowshahi. Credit: Economic Times/BCCL

Uber Q4 2025 at a Glance

$14.37B Revenue +20% YoY

71¢ EPS Adjusted In-line

$54.1B Gross Bookings Beat estimates

$296M Net Income vs $6.88B YoY

Uber (UBER) Put-Call Ratio – Fintel

Revenue Breakdown: Delivery Surges, Mobility Steady

Uber’s mobility platform. Credit: Oodles

Uber’s Q4 revenue of $14.37 billion beat estimates of $14.32 billion. Here’s the segment breakdown:

Segment	Revenue	Growth
Mobility	$8.2B	+19%
Delivery	$4.9B	+30%
Total	$14.37B	+20%

Autonomous Vehicles: The Multi-Trillion Dollar Bet

Waymo AVs available via Uber app. Credit: CNBC

CEO Dara Khosrowshahi is doubling down on autonomous vehicles, calling it a “multi-trillion dollar opportunity.”

AV Expansion Timeline

Now: Atlanta, Austin
By end 2026: 15 cities globally
By 2029: World’s largest AV facilitator

Investor Takeaways

Bull Case Delivery +30% shows diversification Strong $54.1B gross bookings AV leadership in key markets International expansion

Bear Case Stock down 5% YTD Mobility missed estimates AV regulatory risks Competition intensifying

Uber Eats delivery service powered 30% growth. Credit: Mashable

The Road Ahead

Uber’s Q4 demonstrates successful evolution beyond ride-hailing. With delivery growing 30% and AV partnerships expanding, the company is positioning itself as infrastructure for urban mobility. Watch Q1 2026 gross bookings guidance as the key catalyst.

Frequently Asked Questions About Uber Q4 2025 Earnings

Everything you need to know about Uber’s latest financial results

What was Uber’s revenue in Q4 2025? +

Uber reported revenue of $14.37 billion in Q4 2025, up 20% from $12 billion in the same period a year earlier. This beat analyst estimates of $14.32 billion.

How did Uber’s delivery business perform? +

Uber’s delivery business was the standout performer, with revenue climbing 30% to $4.9 billion, beating analyst estimates of $4.72 billion. Growth was driven by partnerships with OpenTable, Shopify, and international retailers.

Why did Uber’s net income drop from $6.88 billion to $296 million? +

The decline was primarily due to a $1.6 billion net pre-tax headwind from revaluations of Uber’s equity investments. The prior year included significant investment gains that inflated 2024 net income.

What is Uber’s guidance for Q1 2026? +

Uber expects gross bookings to increase at least 17% year-over-year in Q1 2026, reaching between $52 billion and $53.5 billion.

How is Uber expanding autonomous vehicle services? +

Uber currently offers AV rides in Atlanta and Austin. By end of 2026, they plan to expand to 15 cities globally. CEO Dara Khosrowshahi aims for Uber to be the world’s largest AV trip facilitator by 2029.

How has Uber stock performed in 2026? +

Uber shares are down approximately 5% year-to-date in 2026, following a strong rally in 2025. Shares declined in premarket trading after the Q4 earnings release despite beating estimates.

What is Uber One and why is it important? +

Uber One is Uber’s subscription membership program. Members tend to book more rides and make more purchases through Uber after subscribing, increasing customer lifetime value.

What partnerships are driving Uber’s delivery growth? +

Key partnerships include OpenTable for restaurant reservations and delivery, Shopify for merchant deliveries, and major retailers like Loblaws, Biedronka, Seiyu, and Coles for grocery delivery.