Uber Forecasts $13.3B Q1 Revenue, Commits $1.25B to Rivian Robotaxis
Uber forecasts Q1 revenue of $13.3B (15% y/y) with adjusted EPS of $0.71 and gross bookings of $52.9B. The company has invested $500M in Lucid, pledged $1.25B to Rivian robotaxis and over $100M to charging infrastructure while costs rise and regulatory scrutiny intensifies.
1. Q1 Financial Forecast
Uber is projected to report Q1 revenue of $13.3 billion, marking 15% year-over-year growth, with adjusted EPS of $0.71 and EBITDA of $2.44 billion. Gross bookings are expected to reach $52.9 billion and monthly active users to climb to 202 million, up 18% year-over-year.
2. Autonomous Driving Investments
The company has deepened its autonomous driving push through a $500 million Lucid partnership (over 11% stake), a new Uber Autonomous Solutions unit, and a commitment to purchase 10,000 Rivian R2 robotaxis (option for 40,000 more) backed by a $1.25 billion investment. Over $100 million has been allocated to charging infrastructure, and Hertz’s fleet management unit will handle operations in initial launch cities.
3. Cost Challenges and Regulatory Scrutiny
Despite improving top-line growth, Uber faces rising operating costs and has seen ten EPS estimate cuts over the past three months versus one upward revision. Regulatory pressure remains significant, and the stock is down roughly 9% year-to-date, reflecting investor caution despite profitability gains.