Quarterly profits miss expectations at Uber

Uber Technologies's quarterly figures disappointed on Tuesday, sending the shares sharply lower, despite a surge in trips and bookings.

UBER TECHNOLOGIES INC
04 November 2025 16:16:17

Source: Sharecast

The New York-listed firm said trips grew by 22% in the third quarter, to 3.5bn, while gross bookings rose by more than expected, up 21% at $49.7bn.

Revenues motored 20% higher at $13.5bn, also ahead of forecasts, for $13.28bn.

Chief executive Dara Khosrowshahi said: “Uber’s growth kicked into high gear in the third quarter, marking one of the largest trip-volume increases in the company’s history.”

However, operating profits missed expectations. They came in 5% higher at $1.1bn, but were notably below consensus for $1.6bn.

Weighing on profits was a $479m charge for potential legal and tax settlements.

Uber did not provide specific details, other than to confirm it covered “significant legal proceedings or governmental investigations related to worker classification definitions” or tax probes.

It added: “These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing.”

As at 1600 GMT, the Wall Street stock had fallen 7%.

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.