Uber Applied sciences, Inc. (NYSE: UBER) reported a double-digit improve in revenues for the primary quarter of 2025. The ride-hailing firm reported internet earnings for Q1, in comparison with a loss final 12 months.
Web earnings attributable to Uber was $1.78 billion or $0.83 per share within the March quarter, in comparison with a lack of $654 million or $0.32 per share within the prior-year quarter.
There was a 14% improve in internet revenues to $11.5 billion within the first quarter from $10.1 billion in the identical interval of 2024. At $42.8 billion, gross bookings had been up 14% year-over-year.
“Supported by the consistent strength of our core business, we continue to build towards the future, including five new autonomous vehicle announcements in just the last week,” mentioned Dara Khosrowshahi, chief govt officer of Uber.