Uber dips as soft EBITDA guidance overshadows strong Q3 beat

Investing.com -- Uber shares slipped over 2% in Tuesday’s premarket trade after the company offered soft earnings guidance for the current quarter, overshadowing its better-than-expected third-quarter results.

For the third quarter, Uber reported earnings per share (EPS) of $1.20, smashing analyst estimates of $0.69. Reveune jumped 19% year-over-year to $13.47 billion on a constant currency basis, also above the $13.26 billion expected by analysts.

Gross bookings rose 21% year-over-year to $49.7 billion, maintaining the same growth rate on a constant currency basis.

Adjusted EBITDA climbed 33% year-on-year to $2.3 billion, with a margin of 4.5% as a percentage of gross bookings, up from 4.1% in the same quarter of 2024.

Uber reported 3.5 billion trips during the quarter, a 22% annual increase, supported by 17% growth in monthly active platform consumers (MAPC) and a 4% rise in trips per consumer.

“Uber’s growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company’s history,” said Dara Khosrowshahi, CEO of Uber Technologies. “We’re building on that momentum by investing in lifelong customer relationships, leaning into our local commerce strategy, and harnessing the transformative potential of AI and autonomy.”

For the fourth quarter, Uber expects gross bookings between $52.25 billion and $53.75 billion, compared with the consensus estimate of $52.33 billion.

Adjusted EBITDA is projected in the range of $2.41 billion to $2.51 billion, the midpoint of which fell short of market expectations of $2.49 billion.

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