Uber Hails a $20 Billion Ride Back to Shareholder Love
Uber Flexes Financial Muscle with Revenue Beat, Record Bookings, and a $20 Billion Buyback

Uber Technologies has just thrown down the gauntlet. In its latest earnings report, the ride-hailing and delivery juggernaut not only crushed Wall Street’s revenue expectations but also unveiled one of the largest share repurchase programs in recent memory—a $20 billion stock buyback that underscores its growing financial firepower and strategic confidence.
For the second quarter of 2025, Uber reported revenue of $12.65 billion, an 18% year-over-year surge that topped the $12.48 billion analysts had penciled in. Earnings per share came in at $0.63, precisely in line with estimates, while adjusted EBITDA climbed to $2.12 billion, beating expectations and marking a 35% leap. These aren’t just strong numbers—they’re proof that Uber’s platform model is working across the board.
The real headline grabber, however, was the jaw-dropping announcement of a $20 billion stock buyback. Uber’s CFO Prashanth Mahendra-Rajah made it clear: this isn’t just a reward for shareholders, it’s a signal. The company is flexing its balance sheet muscle, leaning into what he described as “durable, profitable growth.” Uber’s trailing twelve-month free cash flow hit a record high of $8.5 billion. For a company that once bled red ink and symbolized Silicon Valley’s burn-cash-first, profit-later mantra, this is a powerful narrative shift.
