Ed

There we go. You've talked me into it. There we go. Coming back to America. We'll be right back after the break with a look at Uber's earnings. If you're enjoying the show so far, hit follow and leave us a review on ProfitGMarkets.com.

We're back with ProfgMarkets. Uber's first quarter earnings largely beat expectations, but the stock dropped more than 2% as revenue and gross bookings fell short of forecasts. Still, CEO Dara Khosrowshahi noted there are no signs of weakening consumer sentiment. He also highlighted efforts to lower prices and said autonomous vehicles are, quote, the single greatest opportunity ahead for Uber.

We're back with ProfgMarkets. Uber's first quarter earnings largely beat expectations, but the stock dropped more than 2% as revenue and gross bookings fell short of forecasts. Still, CEO Dara Khosrowshahi noted there are no signs of weakening consumer sentiment. He also highlighted efforts to lower prices and said autonomous vehicles are, quote, the single greatest opportunity ahead for Uber.

We're back with ProfgMarkets. Uber's first quarter earnings largely beat expectations, but the stock dropped more than 2% as revenue and gross bookings fell short of forecasts. Still, CEO Dara Khosrowshahi noted there are no signs of weakening consumer sentiment. He also highlighted efforts to lower prices and said autonomous vehicles are, quote, the single greatest opportunity ahead for Uber.

I'll give some of my initial reactions to these earnings here. You know, they missed on revenue, but barely. It was $11.5 billion versus what Wall Street wanted, which was $11.6 billion. But it was still up 14% from a year earlier. I think that's fantastic growth.

I'll give some of my initial reactions to these earnings here. You know, they missed on revenue, but barely. It was $11.5 billion versus what Wall Street wanted, which was $11.6 billion. But it was still up 14% from a year earlier. I think that's fantastic growth.

I'll give some of my initial reactions to these earnings here. You know, they missed on revenue, but barely. It was $11.5 billion versus what Wall Street wanted, which was $11.6 billion. But it was still up 14% from a year earlier. I think that's fantastic growth.

I think the real highlight to me, which was honestly a little surprised to see the stock drop, was the bottom line where they had 83 cents per share in EPS versus 50 cents expected. And that was a big beat. And, you know, I think this is the most important piece of the Uber business right now. I mean, for years, it was all about growth, growth, growth, revenue, revenue, revenue.

I think the real highlight to me, which was honestly a little surprised to see the stock drop, was the bottom line where they had 83 cents per share in EPS versus 50 cents expected. And that was a big beat. And, you know, I think this is the most important piece of the Uber business right now. I mean, for years, it was all about growth, growth, growth, revenue, revenue, revenue.

I think the real highlight to me, which was honestly a little surprised to see the stock drop, was the bottom line where they had 83 cents per share in EPS versus 50 cents expected. And that was a big beat. And, you know, I think this is the most important piece of the Uber business right now. I mean, for years, it was all about growth, growth, growth, revenue, revenue, revenue.

But the question now is, can this company, or at least the question in the past two or three years, can this company figure out a way to get profitable? That was the big concern. Now, they had their first ever profitable year in 2023. They followed it up again in 2024. But what we're seeing is that in 2025, it's only getting better.

But the question now is, can this company, or at least the question in the past two or three years, can this company figure out a way to get profitable? That was the big concern. Now, they had their first ever profitable year in 2023. They followed it up again in 2024. But what we're seeing is that in 2025, it's only getting better.

But the question now is, can this company, or at least the question in the past two or three years, can this company figure out a way to get profitable? That was the big concern. Now, they had their first ever profitable year in 2023. They followed it up again in 2024. But what we're seeing is that in 2025, it's only getting better.

You look at every line item on the income statement, costs are going down across the board. And you look at the operating profitability, adjusted EBITDA is up 35% year over year. It's really, really strong on the profitability front. So I think what I'm learning about Uber is, yes, still a growth company. Yes, still a tech company. It's still got significant expectations to live up to.

You look at every line item on the income statement, costs are going down across the board. And you look at the operating profitability, adjusted EBITDA is up 35% year over year. It's really, really strong on the profitability front. So I think what I'm learning about Uber is, yes, still a growth company. Yes, still a tech company. It's still got significant expectations to live up to.

You look at every line item on the income statement, costs are going down across the board. And you look at the operating profitability, adjusted EBITDA is up 35% year over year. It's really, really strong on the profitability front. So I think what I'm learning about Uber is, yes, still a growth company. Yes, still a tech company. It's still got significant expectations to live up to.

But now that it has the scale, it feels like the model actually makes sense. And it's not this speculative bet anymore. It feels like they've kind of stripped out the risk here. And again, I'm going to be bullish on this one too. 19 times earnings. I think that's quite low. I was bullish at the beginning of the year. It's up 30% year to date. I'm still bullish.

But now that it has the scale, it feels like the model actually makes sense. And it's not this speculative bet anymore. It feels like they've kind of stripped out the risk here. And again, I'm going to be bullish on this one too. 19 times earnings. I think that's quite low. I was bullish at the beginning of the year. It's up 30% year to date. I'm still bullish.

But now that it has the scale, it feels like the model actually makes sense. And it's not this speculative bet anymore. It feels like they've kind of stripped out the risk here. And again, I'm going to be bullish on this one too. 19 times earnings. I think that's quite low. I was bullish at the beginning of the year. It's up 30% year to date. I'm still bullish.

I think there's a lot of room to grow here. And I was very impressed by those profitability numbers. This feels like a very solid, safe company that is also betting big on some growth vehicles.