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Uber Stock: Strong Earnings Met With Market Skepticism

Felix Baarz by Felix Baarz
August 6, 2025
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Uber reported impressive second-quarter results for 2024, surpassing analyst expectations with an adjusted earnings per share of $0.63, up from $0.47 a year earlier, and revenue of $12.7 billion, beating forecasts of $12.46 billion. The company also announced a massive $20 billion stock buyback program, signaling confidence in its undervalued shares. Gross bookings surged 17% to $46.8 billion, while adjusted EBITDA jumped 35% to $2.1 billion. Despite these strong fundamentals, Uber’s stock dipped 0.9% in premarket trading to $88.58, suggesting investor caution despite the positive performance.

Why the Muted Market Reaction?

Analysts speculate that the lukewarm response may stem from already-priced-in optimism, given Uber’s recent rally. The company remains bullish for Q3, projecting adjusted EBITDA between $2.19 billion and $2.29 billion, a 30-36% year-over-year increase. Meanwhile, its strategic moves in AI acquisitions—such as a recent deal involving an AI infrastructure specialist—highlight its expansion beyond core operations. While the stock’s premarket decline to $87.75 reflects short-term skepticism, Uber’s solid financials suggest potential stabilization ahead.

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Felix Baarz

Felix Baarz

My name is Felix Baarz, and I look back on over fifteen years of experience as a business journalist. I have always been fascinated by the mechanisms and dynamics of global financial markets as well as the complex economic and political interconnections that shape our world. With this passion, I have made a name for myself as an expert on international financial markets and dedicate myself with great commitment to making even the most complex topics understandable and accessible to my readers. My roots lie in Cologne, where I was born and raised. Early on, my curiosity about economic topics and international developments sparked my interest in journalism. After completing my studies, I began my career as a business editor at a respected German trade publication. Here I laid the foundation for my professional career, but my curiosity soon drew me out into the wider world. A turning point in my life was moving to New York, where I lived for six years and gained insight into leading media houses. In this vibrant metropolis, I was able to report firsthand from the heart of the global financial world. From daily developments on Wall Street to major economic policy decisions that make waves worldwide, I had the opportunity to write about central topics that move people and markets alike. This time shaped my perspective and sharpened my view of global interconnections.

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