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Uber Technologies Reports Strong Q2 Growth with $20B Buyback Plan
Uber Technologies Reports Strong Q2 Growth with $20B Buyback Plan
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BTCCSquare news:
Uber Technologies Inc. delivered a robust second-quarter performance, with revenue climbing 18% year-over-year to $12.7 billion. Net income reached $1.4 billion, while adjusted EBITDA surged 35% to $2.1 billion, reflecting improved operational efficiency. The company's trip volume grew by 18% to 3.3 billion, driven by increased user engagement and platform adoption.
Free cash flow stood at $2.5 billion, bolstering Uber's liquidity position to $7.4 billion. In a bold MOVE to return value to shareholders, the ride-hailing giant announced a $20 billion share repurchase program. The stock closed at $89.39 on August 5, 2025, marking a 1.09% daily gain.
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