Uber Reports High Teen Gross Bookings Growth, Launches $20B Share Repurchase, Advances Autonomous Strategy

Uber achieved all-time highs in audience and frequency, leading to robust growth in trips and gross bookings. The company plans a $20 billion share repurchase and advances its autonomous strategy. Gross bookings growth is expected to be in the high teens.

Uber Technologies Inc. (UBER) has reported robust growth in its third-quarter bookings, with gross bookings expected to be in the high teens. The company announced a $20 billion share repurchase program as part of its strategy to drive growth and reward shareholders [1].

Uber One Loyalty Program Boosts Engagement

Uber's paid loyalty program, Uber One, has seen significant growth. The number of members jumped 60% in June to over 36 million, contributing to more than one-third of the company's bookings. This growth is crucial for Uber, as these users generate more than three times the profit compared to those using just one service [1].

Autonomous Strategy Advancements

Uber is also making strides in its autonomous driving strategy. The company has shifted from developing its own self-driving technology to partnering with leading AV companies, including Waymo, Pony.ai, and Baidu's Apollo Go. This asset-light approach allows Uber to benefit from autonomous rides without bearing the risks and costs of building the technology itself [2].

Earnings and Future Prospects

Uber's second-quarter net income rose to 63 cents per share, and the company expects adjusted core profit of $2.19 billion to $2.29 billion for the current quarter. The company is also piloting autonomous freight with Aurora, signaling its vision to automate the entire logistics stack [2].

Investor Focus

Investors will be closely watching Uber's earnings report, scheduled to be released before the markets open. The company's strategic pivot towards autonomy and its robust growth in gross bookings are likely to be key points of interest [3].

References

[1] https://www.reuters.com/business/autos-transportation/uber-bets-loyalty-program-drive-growth-unveils-20-billion-buyback-plan-2025-08-06/
[2] https://finance.yahoo.com/news/ubers-autonomy-bet-could-quietly-111500277.html
[3] https://www.benzinga.com/markets/equities/25/08/46881555/mcdonalds-uber-technologies-and-3-stocks-to-watch-heading-into-wednesday