Uber Surpasses Expectations in Earnings and Outlook, Announces $20 Billion Share Repurchase Plan
2025-08-06 / Read about 0 minute
Author:小编   

On August 6, Uber unveiled its third-quarter earnings guidance and quarterly financial report, both surpassing market expectations. The company also announced a new share repurchase plan worth $20 billion. This announcement underscores the continued growth potential of Uber's core ride-hailing and delivery services. Uber anticipates attracting more consumers through increased user frequency, cross-selling of its ride-hailing and delivery offerings, and tailoring services to meet a wider array of customer needs. Institutions forecast that total bookings for the current quarter are poised to grow by 18% to 21%, an improvement over the 17% increase seen in the second quarter. Nevertheless, in pre-market trading in New York, Uber's share price retreated from earlier gains, potentially indicating that investors are anticipating further positive developments. Uber executives are scheduled to host an earnings call with analysts at 8 a.m.