Uber’s Growth Is an UberXL, So Why’s the Stock an UberPool?
Uber’s Bold Q2 Bet Outshines Q1 Miss, But Investors Hit the Brakes

Buckle up, folks—Uber’s latest earnings report is a wild ride, blending upbeat forecasts with a stock price that’s skidding like a rideshare in a rainstorm. Despite a mixed Q1 and a backdrop of trade tariff turbulence, Uber’s CEO Dara Khosrowshahi is steering the company with the confidence of a driver dodging rush-hour traffic. But Wall Street? It’s hitting the brakes, sending Uber’s stock down 2% in premarket trading. So, what’s the deal?
Uber’s Q1 numbers were a bit like ordering a latte and getting a flat white—close, but not quite there. Gross bookings hit $42.8 billion, shy of the $43.1 billion Bloomberg consensus, though still up a respectable 18% year-over-year. Adjusted EBITDA, however, flexed some muscle at $1.9 billion, topping estimates of $1.84 billion and soaring 35% from last year. Not too shabby for a company navigating a “dizzying backdrop” of trade wars and economic policy ping-pong, as Khosrowshahi put it.
The real horsepower came in Uber’s Q2 outlook, which had analysts raising their coffee cups. The company projects gross bookings between $45.75 billion and $47.25 billion—smack in line with or above the $45.85 billion expected—and adjusted EBITDA of $2.02 billion to $2.12 billion, edging out the $2.05 billion forecast. Translation? Uber’s core ride-hailing (up 15%) and delivery (up 18%) businesses are humming, even if freight took a 2% detour. Monthly active platform consumers grew 14% to 170 million, proving users are still tapping that app like it’s a morning ritual.
