Uber Technologies (NYSE:UBER) accelerated to a record-breaking finish in 2025, reaching a milestone of 200 million monthly active users and delivering a 130% surge in quarterly operating income.
The San Francisco-based giant reported Wednesday that fourth-quarter gross bookings grew 22% to $54.1 billion, matching the pace of trip growth as the company deepens its penetration in both suburban and international markets.
Revenue for the period rose 20% to $14.4 billion, slightly ahead of Wall Street estimates.
The quarter’s bottom line was complicated by a $1.6 billion pre-tax headwind related to the revaluation of Uber’s equity stakes in other companies, a recurring source of volatility for the firm.
This led to a GAAP net income of $296 million, or 14 cents per share.
However, stripped of those accounting adjustments, the company’s core operations showed significant leverage: adjusted EBITDA rose 35% to $2.5 billion, with margins expanding to 4.6% of gross bookings.
"Uber accelerated into another record-breaking quarter, with more than 200 million monthly users completing more than 40 million trips every day—our largest and most engaged consumer base ever," CEO Dara Khosrowshahi said in the statement.