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Uber Technologies (UBER) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Uber Technologies (UBER) reported revenue of $11.5B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -4% from the quarter before. Operating margin was 10.6%, net earnings $1.8B (15.4% of revenue).
Uber Technologies, Q1 2025: revenue $11.5B (+14% year over year), operating margin 10.6%, net earnings $1.8B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.5B | -4% | +14% |
| Operating profit | $1.2B | +59% | +614% |
| Net earnings | $1.8B | -74% | — |
| Operating cash flow | $2.3B | +33% | +64% |
| Free cash flow | $2.2B | — | +66% |
What changed
Revenue was $11.5B in Q1 2025, up 14% year over year and down 4% from the previous quarter.
Operating profit was $1.2B, a 10.6% margin (up 8.9 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 2% margin then. Total costs grew 3% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $1.8B. The effective tax rate was -29.3%.
Operating cash flow was $2.3B (up 64% year over year), 131% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.43B of share-based compensation. After purchases of property and equipment ($0.07B), free cash flow as the company reports it was $2.2B.
Questions
What was Uber Technologies' revenue in the first quarter 2025?
Uber Technologies (UBER) reported revenue of $11.5B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -4% from the quarter before.
Was Uber Technologies profitable in the first quarter 2025?
Operating profit was $1.2B (10.6% of revenue) and net earnings $1.8B.
Source: Uber Technologies 10-Q on SEC EDGAR.