In the first quarter, Uber reported a 17% year-over-year increase in gross bookings, reaching $30.4 billion, well above the 9% growth registered by the S&P 500 during the same period. Adjusted EBITDA climbed to $350 million, up from $210 million a year earlier, reflecting margin expansion driven by improved marketplace efficiency and cost controls. Net revenue grew 32% to $8.7 billion, supported by 12% growth in Mobility trips and 18% growth in Delivery orders. Management’s guidance calls for full-year adjusted EBITDA of $1.65 billion to $1.75 billion, exceeding consensus estimates by $150 million, underscoring confidence in sustained profitability improvements.

Uber is leveraging its 9.4 million-strong driver base and 200 million monthly active users to build a logistics operating system optimized for autonomous vehicle partners. By offering dynamic demand aggregation and real-time fleet management, the platform enables AV hardware providers to boost utilization rates from industry averages of 30% to over 45%. Strategic partnerships with leading robotics firms have resulted in pilot programs across three U.S. cities, where driver-assisted autonomous trips already account for 5% of total Mobility revenues. This scale advantage supports Uber’s target of achieving $150 billion in annual gross bookings from robotaxi services by 2030, positioning the company as the preeminent asset-light mobility network.