---
title: "Uber (Minutes): Don't expect ride-hailing growth to slow down in the second half of the year"
description: "Below is the earnings call $Uber Tech(UBER.US) FY25 Q1 Minutes. For Quick Interpretation of the earnings report, please refer to &#34;Undeterred by Headwinds, 'Overseas Didi' Uber Still Shows Strong E"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/29420729.md"
published_at: "2025-05-07T16:49:08.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# Uber (Minutes): Don't expect ride-hailing growth to slow down in the second half of the year

**Below is**$Uber Tech(UBER.US) **FY25 Q1 earnings call Minutes. For earnings analysis, please refer to《**[**Undeterred by Headwinds, "Overseas DiDi" Uber Still Shows Strong Execution**](https://longportapp.cn/zh-CN/topics/29416919)**》**

**1\. Key Earnings Highlights**

**2\. Detailed Earnings Call Content**

**2.1 Core Messages from Management**

1\. Strategic Initiatives: Uber partnered with Waymo in Austin to deploy ~100 highly utilized AVs. Also announced collaborations with OpenTable (integrating dining/delivery/mobility) and Delta SkyMiles, plus Trendyol acquisition to accelerate Turkish growth.

2\. Growth Framework: Focus on engagement/frequency over pure pricing to maximize long-term FCF per share.

3\. Q2 Outlook: Expect continued strong revenue growth with even stronger profit growth, preparing for seasonally stronger H2.

4\. Priorities: CEO reiterated clear strategy/ambition to "pursue excellence" in serving cities/stakeholders.

**2.2 Q&A**

**Q: Price elasticity under low-price strategy? How do Austin's 100 Waymo AVs' utilization compare?**

**A:** Elasticity remains consistent historically - price hikes negatively impact trips short-term but long-term effects are milder. International (especially travel) growth outpaces domestic, influencing pricing. Austin deployment is encouraging - Waymo's safety record/resonates with users. Local ops excel in maintenance/charging, achieving high daily trips per vehicle. **Austin AVs are busier than 99% of local drivers.** Expanding fleet in Austin/Atlanta.

**Q: Competitive landscape in mobility/delivery? Any hyper-competitive regions?**

**A:** Globally competitive. In mobility: US rivals focus on service/quality amid stable insurance pressures; internationally lead in most markets despite strong competitors. Delivery: US growth in revenue/margins/grocery despite competition; international organic expansion advantages.

**Q: When will Austin AVs meaningfully boost Uber's overall trips? US mobility growth trends urban vs. suburban?**

**A:** Focus remains on perfecting daily AV experiences while scaling fleet. **Suburban areas (~20% of trips) grow faster than urban cores.** Only ~20% of adults use Uber regularly - significant growth runway. Past 3 quarters saw ~19% YoY trip growth, expected to continue.

**Q: Delivery margins vs. UberX? Grocery/retail margin implications?**

**A:** Delivery margins hit 3.7% (+70bps YoY), driven by ads/scale. Grocery/retail reached variable contribution breakeven in Q4'24, now contributing positively. Balancing profit growth with reinvestment.

**Q: Insurance headwinds over? AV competitors closest to Waymo's scale?**

**A:** AV space has multiple players (WeRide/Dubai, Momenta/Europe etc.). Waymo leads but ecosystem developing. US insurance cost growth slowing to high-single digits after overestimating 2025 pressures. Safety tech/tort reforms helping.

**Q: Macro impacts? LA competition?**

**A:** No material macro weakness observed. LA/SF competition stable. Supporting SF's revitalization plans.

**Q: H2 mobility margin drivers?**

**A:** Committed to steady annual margin expansion while balancing growth investments.

**Q: AV commercialization timeline?**

**A:** Transition from heuristic to transformer-based models (Waymo/Toyota) improving scalability/cost. Targeting L4/L5 adoption within decade.

**Q: Delivery affordability initiatives? Europe trends?**

**A:** 30M Uber One members (60%+ delivery penetration) drive loyalty/spend. Merchant-funded promotions growing. Leading UK Eats organically; France/Germany progressing well.

**Q: LLM collaborations? Suburban vs urban margins?**

**A:** Early-stage LLM experiments for search/personalization. Suburban margins normalize post-investment; represents 20% of trips growing faster than urban.

**Q: Bookings deceleration risks?**

**A:** Trip growth (~19% YoY) remains robust, driven by user expansion. Insurance pricing/geographic/modal mix supporting bookings.

**Q: Suburban trip frequency?**

**A:** Lower frequency than urban but higher reliability premiums. 40% suburban bookings for daily use (vs. travel).

<End>

**Disclosures:**[**Dolphin Research Disclaimer**](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

### Related Stocks

- [UBER.US - Uber Tech](https://longbridge.com/en/quote/UBER.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
