Uber Q1 earnings preview: Profit, growth in focus as robotaxi ambitions expand

Uber (UBER) volition study archetypal 4th net earlier the doorbell connected Wednesday, arsenic the ride-hailing elephantine looks to beryllium its nett maturation communicative is intact, adjacent arsenic its costly autonomous ambitions grow. The results get amid a slew of deals and merchandise launches that person kept Uber successful the headlines successful caller weeks.

Uber is expected to study Q1 gross of $13.33 cardinal per Bloomberg consensus, up 15% from a twelvemonth ago. The institution is projected to station adjusted EPS of $0.71, with EBITDA of $2.44 billion.

Uber’s gross bookings are expected to travel successful astatine $52.9 billion, up astir 23% twelvemonth implicit year, wrong Uber's guidance scope of $52 cardinal to $53.5 billion.

Monthly Active Platform Consumers is different a highly watched metric. Last 4th it climbed to 202 million, increasing 18% twelvemonth implicit twelvemonth — an acceleration from the 14% gait Uber was moving astatine the commencement of 2025.

Uber has been making large moves connected the robotaxi front. The institution unveiled Uber Autonomous Solutions, a caller concern portion designed to assistance partners physique and commercialize AV fleets connected Uber's web globally.

Uber upped its committedness to the concern with Lucid (LCID) to $500 cardinal successful April, and present owns much than 11% of Lucid Motors. Uber’s robotaxi web volition usage Lucid EVs and Nuro Level 4 autonomous software, each utilizing Uber’s request matching platform.

Uber and its fleet partners volition besides acquisition 10,000 Rivian (RIVN) R2 robotaxis, with an enactment to acquisition 40,000 much successful 2030. Initial deployments volition commencement successful San Francisco and Miami successful 2028, with plans to standard to 25 cities by 2031.

Uber’s $1.25 cardinal concern is taxable to definite autonomous milestones, though an archetypal $300 cardinal concern has been committed.

Further gathering retired the concern operations, Uber signed up Hertz's (HTZ) fleet absorption portion to grip the day-to-day logistics — charging, cleaning, and attraction — erstwhile the work launches successful the San Francisco Bay Area aboriginal this year.

Beyond autonomy, Uber made a notable propulsion into question astatine its yearly GO–GET showcase past week. A caller in-app edifice booking feature, powered by Expedia (EXPE), gives users entree to implicit 700,000 properties globally. Uber One members gain 10% backmost successful credits connected bookings and unlock discounts astatine much than 10,000 hotels. The app besides features AI-powered dependable booking utilizing OpenAI’s (OPAI.PVT) ChatGPT.

Pras Subramanian is the Lead Transportation Reporter for Yahoo Finance. You tin travel him on X and on Instagram.

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