Uber’s fourth-quarter revenue has surpassed expectations, but shares fell over 5% on Wednesday as the company issued soft profit guidance.
Revenue grew 20% year-over-year to US$14.37 billion, driven by a 22% growth in trips from last year and surpassing Wall Street expectations of $14.32 billion.
The company’s ride-hailing platform generated $8.2 billion in revenue, up 19% from last year, and deliveries accounted for US$4.9 billion of the revenue, a 30% rise year-over-year.
Analysts from SteetAccount expected mobility revenue of $8.3 billion and delivery revenue of $4.72 billion.
“Uber accelerated into another record-breaking quarter, with more than 200 million monthly users completing more than 40 million trips every day—our largest and most engaged consumer base ever,” Uber CEO Dara Khosrowshahi said.
Net income also grew 27% from the same time last year to 71 cents per share. This beat analysts' predictions of 69 cents per share.
Net income for the quarter was $296 million, which included a $1.6 billion “net pre-tax headwind from revaluations of our equity investments,” the company said. Net income a year earlier was $6.88 billion.
The ride share company also reported a 22% rise in gross bookings to $54.1 billion for the quarter, surpassing expectations of US$53.1 billion.
Gross bookings for Q1 2026 are expected to fall within the $52 billion and $53.5 billion range, marking a 17% to 22% rise.
Uber’s strongest revenue growth for the quarter came from deliveries and was boosted by partnerships with OpenTable, Shopify, Loblaw in Canada, Biedronka in Poland, Seitu in Japan, and Coles in Australia.
The earnings reports come at a time when autonomous vehicles are becoming more commonplace, with Uber already offering these kinds of rides in Atlanta and Austin, Texas.
By the end of 2026, Uber hopes to be facilitating robotaxis in up to 15 cities globally.
Forthcoming cities include Houston, Los Angeles and San Francisco, as well as London, Munich, Hong Kong, Zurich and Madrid.
Uber (NYSE: UBER) shares finished 5.15% lower on Wednesday (Thursday AEDT) to $73.92. The company's market cap is $152.59 billion.
