SAN FRANCISCO — Uber Technologies Inc. reported weaker-than-expected operating profit for the third quarter of 2025, citing undisclosed legal and regulatory expenses that weighed heavily on its earnings. The announcement sent shares tumbling nearly 9% in premarket trading, despite strong performance in its core ride-hailing and delivery segments.
The company’s operating profit fell short of analyst forecasts, overshadowing otherwise solid growth in revenue and gross bookings. Uber did not provide specifics on the nature of the legal costs, sparking investor concern over potential liabilities or regulatory challenges.
“We’re proud of our operational momentum, but unexpected legal expenses impacted our bottom line,” said CEO Dara Khosrowshahi during the earnings call.
Uber’s delivery business saw a 29% year-over-year increase in sales, while its mobility segment grew 20%, reflecting sustained global demand. However, the freight division remained flat, continuing a trend of underperformance.
The company highlighted the success of its Uber One membership program, which has driven higher engagement across services. Despite the profit miss, Uber surpassed expectations for quarterly revenue and gross bookings, signaling resilience in its core operations.
Analysts say the legal expenses raise questions about Uber’s long-term cost structure, even as the company continues to expand its footprint and improve operational efficiency.
