📰 Uber Misses Revenue Expectations With Trips Up 18%

Uber reports mixed Q1 results. Lyft outperforms expectations with strong Q1 bookings and expanded buyback program. DoorDash swings to profit and announces acquisitions of Deliveroo and SevenRooms. Analysts remain bullish on Uber despite mixed earnings, raising price targets. Uber’s all-hands meeting turns tense. We break it all down for you.

Uber Misses Revenue Expectations with Trips up 18% Over Last Year

SOURCE – CNBC

Uber reported mixed Q1 results for 2025, beating earnings expectations, but falling short on revenue. The company’s earnings per share of 83 cents surpassed analysts’ estimates of 50 cents, while revenue of $11.53 billion missed an expected $11.62 billion.

• During the earnings call, CEO Dara Khosrowshahi emphasized the company’s focus on autonomous vehicle technology, calling it “the single greatest opportunity ahead for Uber.”

• Monthly active platform consumers grew to 170 million, up 14% year-over-year. Trips booked increased by 18% compared to Q1 2024, reaching 3.04 billion.

• Despite minimal mention in Uber’s Q1 earnings report, Uber Freight demonstrated its best financial performance in several quarters, posting its smallest EBITDA loss of $7 million since Q3 2022, marking a significant improvement from recent quarters’ larger losses.

Lyft Shares Rise as Company UPS Buyback to $750 Million

SOURCE – Bloomberg (Paywall free)

Lyft reported impressive Q1 2025 results, surpassing analyst expectations for gross bookings and ride volume. The company’s performance demonstrated robust growth in key metrics and market expansion. Lyft also announced an enlarged share buyback program and provided an optimistic outlook for the current quarter, leading to a significant after-hours stock price increase of 7.7%.

• Gross bookings reached $4.16 billion, with rides increasing 16% year-over-year to $218.4 million.

• Active riders grew to 24.2 million, with notable expansion in less densely populated markets, like Indianapolis.

• Lyft expanded its share buyback program to $750 million, with plans to use $500 million within the next 12 months.

DoorDash Swings to Profit, Plans to Buy Deliveroo and SevenRooms

SOURCE – WSJ

DoorDash reported a significant turnaround in its Q1 2025 results, swinging to a profit of $193 million from a loss in the previous year. The food-delivery company also announced plans to acquire British food-delivery firm Deliveroo for £2.9 billion and restaurant software company SevenRooms for $1.2 billion.

• Revenue increased 21% to $3 billion, with continued growth in grocery-store delivery orders.

• The Deliveroo acquisition will expand DoorDash’s presence to over 40 countries, serving about 50 million monthly active users.

• The SevenRooms acquisition is expected to diversify DoorDash’s business beyond delivery, expanding to reservation management for hotels and restaurants.

Analysts Remain Bullish on Uber Despite Mixed Q1 Results

SOURCE – Barron’s

Despite Uber’s mixed Q1 2025 results, several analysts maintained a positive outlook on the company’s stock, focusing on underlying business trends rather than specific numbers. Many analysts have raised their price targets for Uber shares, citing strong fundamental trends, opportunities with robotaxis, and steady volume growth.

• Wells Fargo raised its price target to $100, citing strong top-line trends and potential with robotaxis.

• BofA Securities increased its target to $97, noting positive commentary on market share and AV development

• Wedbush raised its target to $85 but downgraded to Neutral, suggesting limited near-term catalysts for further growth

Uber’s All-Hands Meeting Turns Tense Over New Office Attendance Policy

SOURCE – KRON 4

Uber’s recent all-hands meeting reportedly became contentious following the announcement of new workplace policies. CEO Dara Khosrowshahi faced criticism from employees over the company’s decision to increase required in-office days from two to three per week and changes to the sabbatical program.

• Some previously approved remote workers were told to start coming into the office. Uber also changed eligibility for monthlong sabbaticals from five to eight years of service.

• Khosrowshahi defended the changes, stating they were a risk the company decided to take.

Does Uber Advantage Mode Actually Make You More Money?

SOURCE – YouTube Shorts

Uber Advantage Mode is designed to reward drivers with low cancellation rates and high acceptance rates, with the promise of an additional 5% earnings perk on eligible UberX and other non-premium rides. But do drivers actually make more on each trip? Or is this another way that Uber is shaving trips just to make it appear like the driver is making more money? Learn more from the YouTube Short!

QUICK HITS

• Lyft has a new podcast for drivers called “The Driver’s Seat,” where Lyft drivers get interviewed by two new Lyft drivers who want to learn more about driving for the platform. – Lyft

• Some analysts believe Amazon may throw their hat in the ring to compete with an offer from DoorDash to acquire Deliveroo. – MarketWatch

• Uber says Waymo vehicles are busier than 99% of its human drivers. For more on the world of robotaxis and autonomy, please subscribe to The Driverless Digest, our new newsletter and podcast dedicated to the future of autonomous vehicles.

Must Listen Or Watch RSG Content

Here are this week’s featured podcast episode and YouTube videos:

• RSG264: Should Rideshare Drivers be Worried About Autonomous Vehicles?

• Why TOP Earning Uber & Lyft Drivers NEVER Use Auto-Accept

• Uber Still Does Not Show These Drivers Where They Are Going!

• FTC Sues UBER!

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