Uber Technologies Inc. (NYSE:UBER) is scheduled to release its first-quarter earnings on May 7, and investors are watching closely. The stock has surged over 30% in the past month, driven by optimism around its expanding autonomous vehicle (AV) partnerships and steady growth across its core business segments. This article breaks down the Uber stock forecast, key earnings expectations, and what’s fueling Wall Street’s bullish outlook.

Q1 Earnings Preview: Uber Rides Momentum

Heading into Q1 2025, Uber is building off a strong finish to 2024. The company closed the year with record-high metrics in monthly active platform consumers (MAPCs), trip volumes, and gross bookings. For the first quarter, Uber anticipates gross bookings between $42 billion and $43.5 billion, translating to 17%–21% year-over-year growth on a constant-currency basis.

Management expects Mobility—its ride-hailing business—to lead financial performance, supported by stable driver supply and increased demand. The company has also expanded its offerings to attract new users, including the launch of Uber Business Black and an upgraded Uber for Business platform. Corporate travel bookings saw 50% growth in Q4 2024, pointing to continued traction in 2025.

Delivery and Memberships Add Growth Stability

Beyond rides, Uber’s Delivery segment is also seeing sustained momentum. With a growing user base, Uber’s delivery MAPCs have posted accelerated growth for seven consecutive quarters. Management attributes this to greater affordability, product expansion, and geographic reach.

The Uber One membership program, which surpassed 30 million subscribers (up 60% year-over-year), is becoming a major driver of recurring revenue. Subscribers tend to spend more across both Mobility and Delivery services, reinforcing long-term revenue stability and platform engagement.

Ads and AV Partnerships: Uber’s Long-Term Bets

One of the more overlooked elements of Uber’s growth is its advertising business. In 2024, advertising revenue grew by $461 million in the Delivery segment alone. As Uber expands its ad offerings, this high-margin revenue stream could help improve profit margins and boost the bottom line.

Meanwhile, autonomous vehicle partnerships are reshaping Uber’s long-term narrative. The company recently teamed up with Volkswagen Group of America’s autonomous mobility division and other AV developers to integrate driverless technology into its platform. This positions Uber not just as a ride-hailing service, but potentially as a key aggregator in the AV economy—offering demand and distribution to AV manufacturers.

This shift could become a major catalyst in the Uber stock forecast as the industry transitions toward automation.

Wall Street’s View: Strong Buy Consensus

Heading into earnings, analysts are largely optimistic. Uber is expected to post Q1 2025 earnings of $0.51 per share, marking a significant turnaround from a loss in the same quarter last year.

According to Barchart, Uber stock holds a “Strong Buy” rating based on analyst consensus. With multiple growth levers in play—from Mobility and Delivery to advertising and AV integration—many see the company as a tech platform with untapped potential.

Should You Buy Uber Stock Before Earnings?

Given the recent surge, some investors may be cautious about buying in ahead of earnings. However, the strong fundamentals and growth outlook support the case for long-term investment. The Uber stock forecast suggests that the company is not only recovering from its unprofitable past but entering a new phase of sustained profitability and innovation.

While macroeconomic challenges like inflation or regulatory headwinds remain risks, Uber’s diversified model and forward-looking initiatives put it in a solid position. Whether you’re a growth investor or seeking exposure to the mobility and AV revolution, Uber stock is worth a closer look.

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