Uber Sees Double-Digit Growth Across Segments, Announces Major Stock Buyback

Uber reported second-quarter earnings of 63 cents per share and beat revenue estimates with $12.65 billion, according to CNBC. Mobility was up 18% year-over-year, while delivery was up 20% year-over-year. Monthly active platform users grew 15% to 180 million, with 3.3 billion trips booked. The company also reported adjusted earnings of $2.12 billion and announced a $20 billion stock buyback. Uber introduced new senior-friendly app features and is testing women-only ride pairings in the U.S., aiming to expand cross-platform activity and serve a broader consumer base. Uber Eats outperforms ride hailing in some international markets, prompting the company to boost cross-platform activity to drive sales growth, according to CEO Dara Khosrowshahi.