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Uber
The Uber logo seen at the headquarters of the ride-hailing company (Andrej Sokolow/Getty Images)

Uber drops after Q1 profit guidance underwhelms

The company’s Q4 results were solid enough, with bookings marginally ahead of expectations and adjusted EBITDA in line with estimates.

Claire Yubin Oh

Uber fell sharply in premarket trading on Wednesday after the ride-hailing company’s guidance for Q1 earnings overshadowed what was a fairly solid set of numbers for the quarter ended December 31, 2025.

For Q4 2025, the company reported:

  • Adjusted earnings per share of $0.71, coming in marginally below Wall Street expectations of $0.72 (consensus compiled by Bloomberg).

  • Revenue of $14.37 billion, slightly above the $14.29 billion estimated by analysts.

  • Bookings of $54.14 billion, about $1 billion ahead of estimates.

Looking ahead, Uber also shared diluted EPS guidance of $0.65 to $0.72, below analyst forecasts for $0.76. Gross booking predictions were on the rosier side, with Uber expecting bookings to come in between $52 billion and $53.5 billion, ahead of expectations for $51.4 billion. Implicitly, the company appears to be expecting somewhat softer margins than Wall Street was hoping for, which is likely to be what’s weighing most heavily on the shares, down 5.2% as of 8 a.m. ET.

In November, the company said that it was deliberately moderating its margin growth pace by investing in affordable, low-cost products to boost mobility growth. Despite growing concerns about the company’s profitability, Balaji Krishnamurthy, Uber’s incoming CFO, commented that the company remains “solidly on track to deliver on our three-year growth and profit outlook,” per the company’s press release.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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