TLDR:
- UBER stock has grown nearly 40% year-to-date in 2025
- Q1 earnings report expected on May 7 with projected EPS of $0.51
- Wall Street maintains “Strong Buy” consensus with average price target of $90.20
- Uber One membership reached 30 million members, up 60% year-over-year
- Company faces potential challenges from strong US dollar, inflation, and recent tariff announcements
Uber Technologies is set to announce its first-quarter earnings on May 7, with analysts maintaining an optimistic outlook despite some economic headwinds. The stock has seen impressive growth of nearly 40% year-to-date in 2025.
Wall Street expects Uber to report earnings per share of $0.51 for Q1, marking a major improvement from the negative $0.32 EPS in the same period last year. Revenue is projected to reach $11.63 billion.
The company has provided guidance for adjusted EBITDA between $1.79 billion and $1.89 billion, which would represent year-over-year growth of 30% to 37%.
Gross bookings are expected to range between $42 billion and $43.5 billion. This reflects a 17-21% increase year-over-year on a constant currency basis.
However, the company has warned that a strong U.S. dollar could negatively impact its results for the quarter. Other challenging factors include high inflation and unfavorable weather conditions.
Subscription Growth Driving Loyalty
Uber has been working to build customer loyalty through its subscription services. The Uber One membership program offers benefits like savings on both rides and food deliveries.
In the fourth quarter of 2024, the company added 5 million new members to Uber One. This brought the total to 30 million members, representing an increase of nearly 60% compared to the previous year.
The company has also expanded its subscription offerings geographically. Uber One membership plans are now available in 34 countries after being introduced in 6 new markets during Q4 2024.
Uber is further targeting the student market by launching Uber One for Students across several regions including EMEA, APAC, and Latin America.
Despite the expected year-over-year growth, analysts note that gross bookings are likely to decline from the previous quarter’s $44.2 billion. This sequential drop could raise questions during the upcoming earnings call.
Market watchers suggest that investors will likely focus more on Uber’s forward guidance than on the headline results from Q1.
Market Context and Analyst Sentiment
The recent market volatility following the Trump administration’s tariff announcements and China’s retaliatory measures has created uncertainty across many sectors. However, these tariff-related impacts won’t be reflected in the upcoming Q1 numbers, which cover January through March.
Wall Street currently has a “Strong Buy” consensus rating on UBER stock. This is based on 30 Buys and only three Holds assigned in the last three months.
The average price target for Uber stands at $90.20, suggesting approximately 7% upside potential from current levels.
Financial advisors remind investors to maintain a long-term perspective during market fluctuations. Rather than trying to time the market perfectly, experts recommend strategies like dollar-cost averaging—investing fixed amounts at set intervals.
For long-term investors, Uber ranks 4th on a recent list of the best stocks to buy and hold for 10 years. The company’s strong position in ride-hailing and food delivery services places it well for continued growth.
Hedge fund sentiment also appears positive toward Uber. According to data from Q4 2024, 166 elite hedge funds hold stakes in the company, indicating institutional confidence in its long-term prospects.
As the earnings report approaches, all eyes will be on key metrics including bookings, profitability trends, and guidance for the remainder of 2025.
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