Uber Applied sciences, Inc. (NYSE: UBER) reported a double-digit improve in revenues for the primary quarter of 2025. The ride-hailing firm reported internet earnings for Q1, in comparison with a loss final yr.
Web earnings attributable to Uber was $1.78 billion or $0.83 per share within the March quarter, in comparison with a lack of $654 million or $0.32 per share within the prior-year quarter.
There was a 14% improve in internet revenues to $11.5 billion within the first quarter from $10.1 billion in the identical interval of 2024. At $42.8 billion, gross bookings had been up 14% year-over-year.
“Supported by the constant energy of our core enterprise, we proceed to construct in direction of the longer term, together with 5 new autonomous car bulletins in simply the final week,” mentioned Dara Khosrowshahi, chief government officer of Uber.
