Uber (UBER) Q2 2025 earnings

Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback.

Here’s how the company did versus analysts’ estimates compiled by LSEG:

• Earnings per share: 63 cents vs. 63 cents expected.
• Revenue: $12.65 billion vs. $12.46 billion expected.

Here are the key segment numbers:

• Mobility (gross bookings): $23.76 billion, up 18% year over year
• Delivery (gross bookings): $21.73 billion, up 20% year over year

Uber’s revenue increased 18% from $10.7 billion a year earlier. For the quarter ending June 30, net income rose to $1.36 billion, or 63 cents per share, from $1.02 billion, or 47 cents per share, a year ago.

Gross bookings rose 17% to $46.8 billion, and the company reported adjusted earnings of $2.12 billion.

“At this point, we’re not seeing weakness in the consumer,” CEO Dara Khosrowshahi told CNBC’s “Squawk Box” Wednesday. “It’s steady as she goes, and for Uber, that’s great news.”

Uber’s “monthly active platform consumers” increased 15% to 180 million in the second quarter. The company said users booked around 3.3 billion trips during the period, up 18% from a year earlier.

In the second quarter, Uber launched Senior Accounts, including an “app experience” that features larger text and icons, and other features that allow family organizers to book and manage rides for others.

The company also recently started testing a new feature in the U.S. that allows women riders or drivers to avoid being paired with men for their trips when possible.

In some international markets, Uber Eats’ food delivery service is more popular than ride hailing, and the company is working to increase “cross-platform activity” to drive sales growth, Khosrowshahi said in a release.

Uber does not break out the portion of trips or deliveries it is now conducting via autonomous vehicles, but the push into artificial intelligence is now a major focus for the company.

“This is physical world AI, and we think it’s going to be a huge trend going forward,” Khosrowshahi said Wednesday.

The ride-hailing platform now has partnerships with 20 companies involved in autonomous mobility, delivery and freight services, and is offering autonomous services in 12 different cities already. Its partners range from robotaxi leaders Waymo and Apollo Go, to venture-backed startups like May Mobility, Nuro and Wayve.

Uber and Alphabet-owned Waymo began commercial robotaxi service in Austin, Texas, in March, beating Elon Musk’s automaker Tesla to the punch.

Austin-based Tesla started testing a robotaxi service there in late June using a small fleet of Model Y vehicles equipped with the company’s latest, partially automated driving systems.

The Tesla Robotaxis now operate in a limited area of Austin, are only open to select invited users, and have human safety supervisors on board to intervene when issues arise with a trip.

“It’s great to see Tesla in the market. They’re taking their time and they are making sure they are expanding in a safe way,” Khosrowshahi said Wednesday. “All of this competition in autonomous is going to create safer streets, and we’re going to be a big part of that,” he added.

Tesla is also running a car service with human drivers at the wheel in the San Francisco Bay Area and seeking approvals to run a Robotaxi service there from state authorities.

Uber expanded its partnership with Waymo to Atlanta in late June.

On the earnings call Wednesday morning, Morgan Stanley analyst Brian Nowak asked execs for an update on Waymo robotaxi utilization on Uber’s network.

Khosrowshahi said that in Austin and Atlanta, “the average Waymo is busier than 99% of our drivers in terms of completed trips per day.”

He added that in Austin, offering Waymos as part of the Uber platform “has kind of a positive halo effect on the overall system,” with people being “excited to use an AV.”

Michael Morton of MoffettNathanson asked the CEO to discuss a recent decision to invest $300 million into EV maker Lucid, which will use the funds to build robotaxis with driverless tech startup Nuro, for use by Uber.

“The more drivers there are in the ecosystem that we can amalgamate with our platform, the better our service becomes, and that applies with robotic and autonomous drivers as well,” Khosrowshahi said.

He said the company is likely to do more deals to that end in the future. 

Uber shares were up 48% this year as of Tuesday’s close, while the Nasdaq has gained about 8% over that stretch. Shares were down about 2% mid-day after the second quarter call.

WATCH: Lyft and Baidu look like perfect partners for the robotaxi business

CNBC’s Chris Eudaily contributed to this article.