Uber's strong Q3 results were marred by profit miss and stock dip despite record trips and growth.

Uber reported strong third-quarter 2025 results with $13.47 billion in revenue and 3.5 billion trips, a 22% increase year-over-year, driven by growth in mobility and delivery services. Gross bookings rose 21% to $49.7 billion, and adjusted EBITDA reached $2.3 billion, up 33%, though profit missed expectations due to a $479 million legal charge and higher administrative expenses. Despite a $6.6 billion net income, largely inflated by a $4.9 billion tax benefit, the company forecast fourth-quarter gross bookings of $52.25 billion to $53.75 billion and adjusted EBITDA of $2.41 billion to $2.51 billion. Shares dipped about 7% amid investor concern over profitability, despite record trip volume and long-term strategic initiatives in AI, autonomy, and local commerce.