Uber reported strong second-quarter results, beating revenue expectations and authorizing a $20 billion stock buyback. Earnings per share were 63 cents, matching estimates, with revenue at $12.65 billion. Mobility and delivery gross bookings rose 18% and 20% respectively. Net income jumped to $1.36 billion, with gross bookings up 17% to $46.8 billion.

Monthly active platform consumers increased by 15% to 180 million, with 3.3 billion trips booked in the quarter. CEO Dara Khosrowshahi highlighted the company’s focus on serving families and introduced Senior Accounts with an app experience tailored for them. Uber also tested a feature allowing women riders or drivers to choose their ride partners.

Uber’s food delivery service, Uber Eats, is gaining popularity over ride hailing in some international markets. The company aims to boost sales growth through increased cross-platform activity. Uber shares have surged 48% this year, outperforming the Nasdaq’s 8% gain. Executives will discuss results and outlook in an analyst call at 8 a.m. ET.

Read more at CNBC: Uber (UBER) Q2 2025 earnings