Bloomberg Talks Uber CEO Dara Khosrowshahi Talks Earnings, Driverless Cars
May 7, 2025
Dara Khosrowshahi, CEO of Uber, dives into the company's latest earnings and its bold future with driverless cars. He discusses innovative strategies like the Uber One membership to boost customer loyalty and retention. Khosrowshahi also highlights Uber's global expansion, especially in airport services, catering to travelers' needs. Additionally, he sheds light on Uber's partnership with Waymo and the promise of AI in enhancing operations, while navigating the complexities of international partnerships amidst geopolitical challenges.
AI Snips
Chapters
Transcript
Episode notes
Consistent Trip Growth and Profitability
- Uber's trip growth reached 3 billion trips, up 18% year-on-year, signaling strong demand.
- Profitability soared with $1.9 billion EBITDA, a 35% increase reflecting efficient scaling despite pricing pressures.
Uber One Boosts Engagement and Profit
- Uber One subscription drives 3x more transactions and 15% higher retention among members.
- Membership encourages cross-shopping across rides and delivery, boosting long-term profitability.
Airport and International Travel Strong
- Airport travel is a premium and growing segment for Uber with increasing international pickups.
- Even with weaker travel from Canada to the U.S., Uber captures international users through its global footprint.