Uber Announces $20 Billion Share Repurchase Following Strong Q2 Results

Uber Technologies, Inc. has announced a $20 billion share repurchase authorization, nearly tripling its previous commitment of $7 billion. This decision follows a robust second-quarter performance, underscoring the company's confidence in its financial health and growth trajectory.

In the second quarter of 2025, Uber reported revenue of $12.65 billion, marking an 18% increase from the same period last year. Net income rose by 33% to $1.36 billion, while gross bookings reached $46.8 billion, a 17% year-over-year rise. Adjusted EBITDA also saw a significant uptick, increasing by 35% to $2.1 billion. The company experienced an 18% growth in trips, totaling 3.3 billion for the quarter, driven by a 15% increase in Monthly Active Platform Consumers (MAPCs) to 180 million.

Uber's loyalty program, Uber One, has been a significant contributor to this growth. Membership surged 60% year-over-year, surpassing 36 million members. These members now account for more than one-third of total bookings and generate over three times the profit compared to single-service users. Promotional efforts, including a discounts week in May, added 500,000 new members.

Looking ahead, Uber projects third-quarter gross bookings between $48.25 billion and $49.75 billion, representing 17% to 21% year-over-year growth on a constant currency basis. Adjusted EBITDA is expected to be between $2.19 billion and $2.29 billion, reflecting 30% to 36% year-over-year growth.

The substantial share buyback reflects Uber's confidence in its financial stability and commitment to returning value to shareholders. The growth in Uber One memberships indicates a successful strategy in fostering customer loyalty, which could lead to increased customer retention and higher lifetime value. Furthermore, Uber's investments in autonomous vehicle technology signal a shift towards innovative transportation solutions, potentially impacting employment in traditional driving roles and influencing regulatory discussions on autonomous vehicles.

Founded in 2009, Uber Technologies, Inc. is a global mobility-as-a-service provider headquartered in San Francisco, California. The company offers ride-hailing, food delivery (Uber Eats), and freight services, operating in over 900 metropolitan areas worldwide. Under the leadership of CEO Dara Khosrowshahi, Uber has focused on expanding its service offerings and investing in autonomous vehicle technology to enhance its platform.

"Our platform strategy is working, with record audience, frequency, and profitability across Mobility and Delivery," said Dara Khosrowshahi, CEO. "But we’re still only beginning to unlock the platform’s full potential, now with 20 autonomous partners around the world."

"Today’s announcement of a new $20 billion share repurchase authorization underscores our confidence in the business, following yet another quarter of strong top and bottom-line performance," said Prashanth Mahendra-Rajah, CFO. "Our trailing twelve month free cash flow hit a new all-time high of $8.5 billion and we remain committed to driving durable, profitable growth."

This is not the first time Uber has initiated a share repurchase program. The company launched its inaugural share buyback scheme last year after posting its first annual operating profit in 2023. The current $20 billion authorization nearly triples the previous commitment of $7 billion, indicating a significant escalation in Uber's capital return strategy.

Uber's strategic initiatives, including the expansion of its loyalty program and investments in autonomous vehicle technology, position the company for sustained growth. The substantial share buyback, combined with strong financial performance and positive projections, underscores Uber's strategic focus on sustainable growth and shareholder value.