Uber Announces $20B Buyback, BWX Technologies Hits All-Time High, and More Financial Updates

Uber plans a $20 billion share repurchase, MasterBrand and American Woodmark merge in a $3.6 billion deal, Coinbase raises $2.6 billion, and BWXT surges to an all-time high. Advanced Micro Devices projects 28% revenue growth, Skyworks Solutions sets a Q4 revenue target, and Toast reports 29% growth in fintech and subscription gross profit. Rivian maintains its vehicle delivery guidance, Snap sets a Q3 revenue target, Coupang reports strong revenue growth in Taiwan, and RingCentral raises its 2025 free cash flow outlook.

Uber Technologies Inc. (UBER) reported strong second-quarter earnings, with revenue up 18% year-over-year to $12.65 billion, surpassing analyst estimates. The ride-hailing company also authorized a $20 billion share buyback program, with CEO Dara Khosrowshahi expressing optimism about the company's growth and profitability [1].

Uber's gross bookings rose 17% to $46.8 billion, and net income increased to $1.36 billion, or 63 cents per share, from $1.02 billion, or 47 cents per share, a year ago. The company's monthly active platform consumers (MAPCs) increased 15% to 180 million, and users booked around 3.3 billion trips during the period, up 18% from a year earlier [1].

In addition to its core ride-hailing and delivery services, Uber is expanding into autonomous vehicles, with partnerships in 12 cities and a focus on "physical world AI." The company also launched Senior Accounts and a feature allowing women riders or drivers to avoid being paired with men in their ride [1].

Meanwhile, MasterBrand Inc. (MBC) and American Woodmark Corporation (AMWD) announced a merger, creating a combined company with a pro forma equity value of $2.4 billion and an enterprise value of $3.6 billion. The transaction will be completed via an all-stock merger, with American Woodmark shareholders receiving 5.150 shares of MasterBrand common stock for each share of American Woodmark common stock owned [3].

The combined company aims to leverage the strengths of both entities to accelerate growth and create enhanced value for shareholders. The merger is expected to generate run-rate cost synergies of approximately $90 million by the end of year three and accretion to MasterBrand's adjusted Diluted EPS in year two [3].

References:

[1] https://www.cnbc.com/2025/08/06/uber-stock-q2-2025-earnings.html
[2] https://www.benzinga.com/markets/earnings/25/08/46903703/uber-earnings-call-second-quarter-buyback-share
[3] https://masterbrand.com/investors/investor-news/news-details/2025/MasterBrand-and-American-Woodmark-to-Combine-in-an-All-Stock-Transaction-to-Accelerate-Value-Delivery-Through/default.aspx