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Uber Stock Jumps Over 8% on Wall Street, Nearing All-Time High

In Austin, where the collaboration is already active, Uber currently has 100 Waymo vehicles on its platform.

Written by: Ignacio Teson • Tuesday, June 24, 2025 • 1 min read
• Last updated: Tuesday, June 24, 2025
Uber share price returned to the highs despite the dip Q1 Results: Strong Profit, Slower Revenue Growth Uber Technologies released its first-quarter 2025 earnings before the U.S. market opened, posting results that painted a mixed picture. While the company’s profit significantly exceeded expectations, revenue came in just below analyst forecasts. Specifically, Uber reported net income of $1.78 billion, or 83 cents per share—well above the anticipated 50 cents and a sharp turnaround from the $654 million loss posted a year earlier. But, the revenue reached $11.53 billion, narrowly missing the expected $11.62 billion, though still up roughly 14% year-over-year from $10.13 billion. Share Price Reaction and Market Outlook Uber’s stock, which has been riding a strong bullish trend and recently traded near its all-time highs of around $87, saw an initial pullback in response to the earnings release. After closing at $86 the previous session, shares opened $3 lower at $83 and dropped as much as 7% intraday to touch lows near $80. However, by the end of the U.S. trading session, the stock had recovered significantly, settling in the $83.60 range. Despite the volatility, the modest closing loss reflects investors’ confidence in Uber’s long-term performance. The company’s consistent profitability and positive outlook appear to have outweighed the revenue miss, keeping bullish sentiment intact. If momentum persists, Uber may soon re-challenge its all-time highs in the coming weeks. Uber Q1 Results  Headline Results: EPS Crushes Forecast Earnings per share (EPS) came in at 83 cents, significantly above the expected 50 cents consensus forecast. This represents a dramatic turnaround from a loss of 32 cents per share in Q1 2024. Uber’s net income totaled $1.78 billion for the quarter, compared to a net loss of $654 million a year earlier. Revenue Misses Slightly Despite Double-Digit Growth Q1 revenue reached $11.53 billion, slightly below analyst estimates of $11.62 billion. Still, this reflects a 14% year-over-year growth, up from $10.13 billion in Q1 2024. The growth came primarily from its core ride-hailing business, which remains the company’s largest revenue driver. Guidance and Outlook: Management Stays Confident Uber projects gross bookings of $45.75 billion to $47.25 billion for Q2 2025. The company also expects adjusted EBITDA between $2.02 billion and $2.12 billion for the same period. CEO Dara Khosrowshahi and CFO Prashanth Mahendra-Rajah noted continued strength in both rideshare and delivery segments, along with efficiency improvements. Conclusion: Solid Profitability, Revenue Momentum to Watch Uber’s Q1 2025 report showcased a powerful earnings beat, driven by improved operational efficiency and strong demand. While revenue came in just under Wall Street expectations, the company’s robust profit turnaround and upbeat guidance for the current quarter boosted investor confidence. If growth in gross bookings continues alongside controlled costs, Uber appears well-positioned for further margin expansion in 2025. Despite a brief post-earnings dip, Uber’s share price remains within striking distance of its highs. The strong profit figures and investor confidence in the company’s long-term trajectory have helped sustain the uptrend. Unless momentum shifts significantly, Uber appears poised to continue testing its record levels in the sessions ahead.

Quick overview

  • Uber's stock surged over 8% following the announcement of autonomous vehicle services in Atlanta in partnership with Waymo.
  • Residents can now request a Waymo self-driving vehicle through the Uber app, with options for different ride types at no extra charge.
  • The initial service area covers 65 square miles, with plans for future expansion and a focus on rider safety.
  • Customers in Austin have rated their Waymo rides highly, and 24/7 customer support is available for passengers.

Uber Technologies jumped more than 8% on Wall Street after the ride-hailing giant announced the launch of autonomous vehicle services in Atlanta, United States, in partnership with Waymo.

Starting today, residents of Atlanta can be matched with a Waymo self-driving vehicle through the Uber app, expanding the companies’ existing partnership that began in Austin, Texas.

Riders who request UberX, Comfort, or Comfort Electric may be assigned a fully autonomous, all-electric Jaguar I-PACE operated by Waymo at no extra charge—with the option to accept the ride or switch to a traditional vehicle.

Stock Rallies as Uber Expands Autonomous Ride Services

The service will initially cover 65 square miles of Atlanta, stretching from Downtown to Buckhead and Capitol View, with future expansion plans underway. Riders can increase their chances of being matched with a Waymo vehicle by selecting the option in the “Ride Preferences” section of the Uber app settings.

In Austin, where the collaboration is already active, Uber currently has 100 Waymo vehicles on its platform, with the fleet expanding in both cities. According to Uber, customers in Austin have rated their Waymo rides an average of 4.9 stars.

Both companies highlighted safety as a top priority, noting that Waymo vehicles have logged tens of millions of fully autonomous miles on public roads. Passengers will have access to 24/7 customer support, both through the Uber app and on the in-car screens of Waymo vehicles.

ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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