Uber repurchases $20B in shares following strong quarterly earnings

Logo of Uber

Uber plans to repurchase $20 billion worth of shares, signaling CEO Dara Khosrowshahi’s strong confidence in the company’s continued growth prospects—despite rising concerns over a slowdown in US consumer spending.

The new buyback program is nearly three times the size of Uber’s previous repurchases, which totaled $7 billion. The move comes on the back of solid financial performance, as net income surged 33% year-on-year (YoY) in Q2 2025 to $1.4 billion.

The company also issued upbeat guidance for Q3 2025, projecting gross bookings in the range of $48.5 billion to $49.8 billion, surpassing analysts’ average estimate of $47.5 billion.

In the earnings statement released today, Aug. 6, Khosrowshahi said global mobility growth is expected to remain stable in Q3 2025 and expressed confidence in a pickup in booking growth in the US market.

Uber’s gross bookings in Q2 2025 rose 17% YoY to $46.8 billion.

 Monthly active users across the platform increased 15% to 180 million, while completed trips climbed 18% to 3.3 billion.