Uber Charts Path To 'Super App,' Unveils $20 Billion Buyback—Shareholders Its 'No. 1 Concern'

Uber Technologies Inc. (NASDAQ:UBER) delivered a second-quarter 2025 earnings call packed with updates on autonomous vehicle deals, surging user engagement and long-term platform integration—but it was the company's newly announced $20 billion share buyback that stood out as the clearest signal to Wall Street.

"Returning the cash generated from this enterprise to shareholders remains our number one concern," CFO Prashant Mahendra-Rajah said during the call.

"We've already executed over 60% of our authorization from last spring… this $20 billion is in addition to the roughly $3 billion yet to be executed," he added.

The capital return strategy comes as Uber's free cash flow and GAAP profitability reach record highs, giving the company flexibility to balance both long-term investments and shareholder rewards.

Management reiterated that roughly 50% of the ongoing free cash flow will be dedicated to buybacks.

AV Push Accelerates With New Global Partnerships

Uber is moving aggressively into autonomous vehicles.

The company expanded its AV footprint through ongoing deployments with Waymo in Austin and Atlanta and launched new collaborations with Baidu Inc. (NYSE:BIDU), Lucid Group Inc. (NASDAQ: