Ride sharing and on-demand delivery platform Uber (NYSE: UBER) will be reporting results this Tuesday before the bell. Here’s what to expect.
Uber beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $12.65 billion, up 18.2% year on year. It was a satisfactory quarter for the company, with strong growth in its users. It reported 180 million users, up 15.4% year on year.
Is Uber a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Uber’s revenue to grow 18.6% year on year to $13.27 billion, slowing from the 20.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Uber has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Uber’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 54.5%, beating analysts’ expectations by 11.1%, and Coinbase reported revenues up 55.1%, topping estimates by 4.5%. Carvana traded down 13.8% following the results while Coinbase was up 4.4%.
Read our full analysis of Carvana’s results here and Coinbase’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer internet stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. Uber is down 3.4% during the same time and is heading into earnings with an average analyst price target of $108.88 (compared to the current share price of $96.68).
P.S. STOP buying the AI stocks everyone’s talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
