Home / Uber News Today: Profits, Acquisitions, & Robotaxi Launch

Uber News Today: Profits, Acquisitions, & Robotaxi Launch

By: Jasmin Espinas
May 9, 2025

Uber is now more than just a ride-hailing app, as it keeps pushing ahead in the transportation and tech world. In recent Uber news, the company continues to grow with food delivery, freight, and now, autonomous vehicles.

This article breaks down Uber’s quarter earnings, stock performance, recent business deals, workplace policy changes, and robotaxis plans.

Latest Uber News: Uber Released First Quarter 2025 Results

Uber kicked off 2025 with impressive momentum. CEO Dara Khosrowshahi announced that the company continues to grow profitably, with more riders using its services and taking trips. During the first quarter, trip volume rose by 18%, indicating that users are increasingly loyal to the platform.

Gross bookings climbed 14% year over year, and when adjusted for currency fluctuations, that growth reached 18%. Uber also reported $1.2 billion in operating income and $1.9 billion in adjusted EBITDA, marking a 35% increase compared to the same period last year. In addition, the company generated $2.3 billion in both operating and free cash flow.

Looking ahead to the second quarter of 2025, Uber expects gross bookings to range between $45.75 billion and $47.25 billion. This projection reflects a 16% to 20% increase from the previous year, even after accounting for a 1.5 percentage point hit from currency exchange rates.

The company also anticipates adjusted EBITDA to land between $2.02 billion and $2.12 billion, which would extend its growth streak with an increase of up to 35%.

Uber Stocks Decline Despite Positive Earnings

Uber’s stock declined on May 7, despite the company posting solid earnings. Investors responded to first-quarter results that fell short of expectations for both gross bookings and revenue.

Some analysts suggest that self-driving cars may eventually threaten Uber’s core business. In response, the company is already taking steps to address that risk. It has begun partnering with autonomous vehicle companies such as Alphabet’s Waymo and Pony.ai to remain a key player in the transition.

At the same time, investment firm Wedbush downgraded Uber’s stock rating from “Outperform” to “Neutral.” Despite the downgrade, the firm raised its price target from $80 to $85.

Wedbush explained that while Uber’s stock has performed well over the past year, its recent earnings reports have not delivered the strong surprises investors once expected. As the company’s performance becomes more predictable, it now aligns more closely with market expectations.

Uber Partners With Multiple Companies to Expand AVs

Uber is moving forward with plans to bring more self-driving cars to its platform. On May 1, 2025, the company announced a new long-term partnership with May Mobility, a tech company focused on autonomous vehicles. The first round of cars will launch in Arlington, Texas, by the end of the year, with more cities to follow.

The goal is to roll out thousands of these vehicles in the coming years. Both companies want to make driverless rides more common and easier to access. This move could give riders more options and help Uber keep up with changing technology.

Uber CEO said the company is working with top developers to speed up how quickly driverless tech hits the streets. Alongside May Mobility, Uber is also teaming up with other companies like Momenta, Pony.ai, and WeRide. These partnerships aim to bring robotaxi fleets to global cities starting in late 2025 and into 2026.

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Uber Set to Acquire Turkish Platform Trendyol Go

Uber plans to buy 85% of Trendyol Go, a food and grocery delivery service based in Turkey, for $700 million. This move gives Uber a stronger foothold in international markets as growth slows in North America.

Trendyol Go is owned by the larger Trendyol Group, a well-known Turkish e-commerce company. The platform delivers meals and groceries across the country through 19,000 couriers and partners with over 90,000 restaurants and stores.

Once the deal is done, which is expected late this year, Uber will take control, but the app will keep running on its own for now. Uber also plans to add some of its own delivery tools from Uber Eats down the line.

This decision follows Uber’s cancellation of its plan to buy Foodpanda’s Taiwan operations from Delivery Hero. That $950 million deal was dropped after regulators raised concerns about competition in the region.

Return-to-Office Policy Starting June 2025

Starting in June, Uber will require employees to be in the office three days a week instead of two. On April 28, the company shared the update with staff, including those who had previously been allowed to work remotely.

Alongside the new office policy, Uber has also changed its sabbatical program. Before, employees could take a one-month paid break after five years at the company. That requirement is now eight years. This update was included in the same internal memo.

CEO Dara Khosrowshahi said that attendance will be tracked at both the team and individual levels. After the news was shared, employees quickly filled the company’s internal Q&A board with questions and concerns. Many pushed back on the sabbatical change, asking leaders to honor the original five-year timeline.

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Uber News Today and Beyond

Uber is making moves across the board—from boosting profits and teaming up with new partners to growing its presence in tech and delivery. Whether it’s earnings, stock changes, driverless cars, or new workplace rules, the company is clearly planning for what’s next.

As things keep shifting, more news is likely on the way. If you want to stay in the loop on Uber, other ride-hailing companies, and business news, subscribe to the Financial Daily Update today.