UBER TECHNOLOGIES INC CEDEAR EACH 2 REPR 1 COM forum
Adjusted EBITDA grew 35% to a record $2.1 billion, representing 4.5% of bookings, while free cash flow surged 44% to $2.5 billion. Net income hit $1.4 billion, supported by strong operating leverage and gains from investments. Uber One membership expanded to 36 million, now generating 40% of total bookings. Despite the record results, Mobility bookings came in just shy of forecasts ($23.8 billion vs. $23.9 billion). The company also announced a massive $20 billion share repurchase program, effectively $23 billion with remaining capacity.
For Q3, Uber expects gross bookings to rise 17–21% in constant currency and adjusted EBITDA to increase 30–36%. CEO Dara Khosrowshahi highlighted opportunities in cross-platform integration and autonomous vehicle expansion, including new Waymo deployments in Atlanta and partnerships with Lucid, Nuro, and others aimed at scaling AV fleets over the long term.

Weak hands being squeezed out and institutions coming in?