Uber Technologies Inc (NYSE:UBER) stock rose 1.74% (As on August 7, 11:23:46 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the second quarter of FY25. Revenues from Mobility segment jumped 19% year over year on a reported basis and 18% on a constant currency basis to $7.28 billion. Revenues from the Delivery segment increased 25% year over year on a reported basis and 23% on a constant currency basis to $4.10 billion. Freight revenues were $1.26 billion, down 1% year over year on a reported basis as well as on a constant currency basis. Total gross bookings ascended 17% year over year on a reported basis and 18% on a constant currency basis to $46.75 billion. Uber exited the second quarter with cash and cash equivalents of $6.43 billion compared with $5.13 billion at the end of the prior quarter. Long-term debt, net of the current portion, was $9.57 billion compared with $8.35 billion at the end of the prior quarter. Operating cash flow came in at $2.56 billion in the reported quarter. The free cash flow was $2.47 billion. Net income attributable to Uber Technologies, Inc. was $1.4 billion.

Moreover, gross bookings from Mobility improved 16% year over year on a reported basis and 18% on a constant currency basis to $23.76 billion. Gross bookings from Delivery augmented 20% year over year on a reported basis and a constant currency basis to $21.73 billion. Gross bookings from Freight came in at $1.26 million in the second quarter, down 1% year over year on a reported basis and constant currency basis.

UBER in the second quarter of FY25 has reported the adjusted earnings per share of 63 cents, beating the analysts’ estimates for the adjusted earnings per share by a penny, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 18 percent to $12.65 billion in the second quarter of FY25, beating the analysts’ estimates for revenue of $12.45 billion. Adjusted EBITDA in the second quarter surged 35% year over year to $2.11 billion.

For the third quarter of 2025, Uber expects gross bookings in the range of$48.25 billion to $49.75 billion, indicating year-over-year growth of 17-21% on a constant currency basis. The adjusted EBITDA is estimated to be in the range of $2.19 billion to $2.29 billion, suggesting year-over-year growth of 30% to 36%.