Uber Reports 22% Trip Growth to 3.5B and $49.7B Bookings
Uber posted 22% trip growth to 3.5B and 21% gross bookings increase to $49.7B, with 189M monthly users, 33% EBITDA expansion, and $2.2B free cash flow after unifying Mobility and Delivery. Cross-platform users (20%) spend three times more with 35% higher retention, while autonomous vehicles drive extra demand.
1. Mobility and Delivery Consolidation
In mid-2025, Uber merged its Mobility and Delivery units under a single COO to optimize cross-segment operations and drive platform-wide efficiency. This strategic shift underpins the improved metrics and supports the company’s focus on long-term capacity utilization over short-term margin gains.
2. Accelerating Key Metrics
Following the consolidation, trips grew 22% year-over-year to 3.5 billion, gross bookings rose 21% to $49.7 billion, monthly active users reached 189 million, adjusted EBITDA expanded 33%, and free cash flow totaled $2.2 billion, reflecting the effectiveness of the unified operating model.
3. Cross-Platform Engagement Value
Only 20% of users engage both Mobility and Delivery services, yet these customers spend three times more and exhibit 35% higher retention, highlighting a key lever for boosting network utilization and revenue through targeted cross-selling and loyalty initiatives.
4. Autonomous Vehicles Strategy
Uber’s integration of Waymo autonomous vehicles on its platform has achieved near-peak utilization rates, generating incremental demand without cannibalizing driver income. This approach reinforces the company’s demand-orchestration model and supports future scalability as AV deployment expands.