Technology
Uber launches massive share buyback program – despite subdued economic expectations
Uber relies on stable mobility demand, accelerates robotaxi expansion, and announces a $20 billion share buyback.

With a planned share buyback of 20 billion US dollars, Uber sends a confident signal to the capital market.
Despite economic uncertainties in the USA, Uber anticipates further growth. For the current quarter, the company expects gross bookings between 48.5 and 49.8 billion dollars – significantly above market estimates of 47.5 billion. The adjusted earnings (EBITDA) are expected to be between 2.19 and 2.29 billion dollars. CEO Dara Khosrowshahi sees initial successes of recent pricing initiatives particularly in the USA: "Our efforts to increase affordability are starting to show results.
In the mobility segment, Uber recorded gross bookings of $23.8 billion – just below expectations. The difference was offset by above-average results in the delivery services sector. The strength of the US dollar burdened total revenues by $400 million, but this was significantly below the prior quarter's figure of $1.7 billion.
The stock has gained over 45 percent since the beginning of the year, supported by advances in autonomous vehicles. Uber maintains partnerships with Waymo in several US cities like Austin and Atlanta, and concluded a billion-dollar deal with Lucid in July. The goal is to deliver at least 20,000 vehicles for robotaxi operations over the next six years.
In parallel, Uber is driving its expansion in the Asian and Arab regions. In collaboration with Baidu's Apollo Go, corresponding services are to be launched this year. Competitor Lyft has also made an agreement with Apollo for the European market.