Connect with us

Ride & Mobility

Uber Revenue and Usage Statistics (2025)

Published

on


Uber was one of the first apps to kickstart the evolution in the taxi market in the mid-2010s, by offering an app that connected drivers with riders without the hassle of flagging down a cab or calling a taxi chain.

The prelude to Uber came from co-founder Garrett Camp, who with his money made from selling StumbleUpon to eBay in 2009 had a fleet of black cabs available to pick him up from bars and nightclubs. He and other co-founder Kalanick had had several bad experiences trying to hail cabs in California and Paris, and envisioned a way to connect pools of drivers with customers.

UberCab was founded in 2009 and Kalanick joined Camp shortly afterwards. Kalanick became CEO of this company in 2010. During Kalanick’s tenure as CEO, Uber became the brand most people associate with ride hailing. It took the US by storm and expanded worldwide in the few years afterwards.

Kalanick also oversaw Uber launch Eats, Freight and its autonomous vehicle unit, as he attempted to expand Uber out of the taxi business and into the transportation business.

Kalanick’s tenure brought lots of growth, but it also brought controversy. Uber’s entry into countries and states often came before agreements had been made with those in power, which led to penalties and bans in some areas of the world. Allegations of sexual harassment and bullying in the workplace led to Kalanick resigning in 2017 and being replaced by Expedia CEO Dara Khosrowshahi.

Since 2017, Uber has taken its foot off the gas, selling its stake in India and leaving several European countries. It also sold its autonomous vehicle unit to Aurora, in return for a significant stake in the startup. It has cleaned up its image, although several countries are currently looking into whether Uber drivers should be considered employees. The UK was one of the first countries to recognise them as such.

The coronavirus pandemic hit Uber’s ride hailing business hard, but by Q4 2020 it had reached pre-pandemic revenue figures. Uber Eats became the main business during this time, with over 200 percent increase in revenue year-on-year. In 2022, ride hailing surpassed delivery as the main driver of revenue and operating profit, and this continued into 2023.

In the past two years, Uber has impressed with its improvements in net income, alongside its ambitious goal to be one of the key taxi firms involved with self-driving vehicles. It has partnerships with Waymo, Mobileye and several other smaller self-driving software operators, which could see it be at the forefront of this new technology.

We have collected key statistics on Uber. Read on below to find out more.

Uber Key Statistics

  • Uber generated $43.9 billion revenue in 2024, an 18% increase on the previous year
  • Uber made $25 billion revenue from taxis, and $13.7 billion from delivery. The rest came from freight
  • The US was responsible for $27.4 billion of Uber’s revenue, $10.1 billion came from Europe
  • Uber made $9.8 billion net profit in 2024, a huge amount of growth on the previous year
  • Uber had $162 billion gross bookings in 2024, with $83 billion coming from mobility and $74.6 billion from delivery
  • 156 million people use Uber or Uber Eats once a month, an 13.8% increase year-on-year
  • Uber drivers completed 11.27 billion trips in 2024, almost two billion more than in 2023

Uber Overview

Uber Revenue

Uber generated $43.9 billion revenue in 2024, a 18% increase year-on-year. In 2020, Uber’s revenues declined by 21% due to the coronavirus pandemic.

Uber revenue 2017 to 2024 ($mm)

Uber revenue 2014 to 2024 ($bn)

Note: This covers all of Uber’s business. Source: Company data

Uber Revenue by Segment

Uber’s mobility segment became the key driver of revenue in 2023, after suffering heavily from lockdowns in 2020 and 2021.

Uber revenue by segment 2018 to 2024 ($bn)

Note: Uber stopped reporting Other revenue in 2022. Source: Company data

Uber Mobility and Delivery Revenue

Mobility and delivery improved on the previous year in terms of revenue and gross bookings.

Uber revenue by segment 2018 to 2024 ($bn)

Uber Revenue by Region

The US & Canada are responsible for the majority of Uber’s revenue, with $27.4 billion revenue coming from those two countries.

Uber revenue by segment 2018 to 2024 ($bn)

Note: Uber stopped reporting this in Q3 2023. Source: Company data

Uber Profit

Uber reported its second consecutive year of net profit, with a huge increase to $9.8 billion.

Uber profit / loss 2014 to 2024 ($bn)

Note: Parentheses indicate loss. Source: Company data

Uber Gross Bookings

Uber generated $162 billion in gross bookings in 2024, a 18.2% increase year-on-year.

Uber gross bookings 2016 to 2024 ($bn)

Source: Company data

Uber Gross Bookings by Segment

Uber generates close to similar gross bookings from both segments, but a lot more revenue from mobility.

Uber gross bookings by segment 2019 to 2023 ($bn)

Source: Company data

Uber Users

156 million people used Uber in 2024, about 95 million of those use Uber Eats.

Uber users 2015 to 2024 (mm)

Source: Company data

Uber Trips

Uber drivers completed 11.2 billion trips in 2023, a 19.3% increase year-on-year.

Uber trips 2017 to 2024 (bn)

Source: Company data

Uber Funding

Uber received $20.9 billion funding from 2011 to 2019 from a laundry list of investors, including Alphabet, Benchmark and SoftBank Ventures.

Uber cumulative funding 2011 to 2019 ($bn)

Source: Crunchbase

Uber vs Lyft: Market Share

Uber has always held a lead over competitor Lyft, with the gap between the two companies growing every year since 2018.

Uber and Lyft market share in United States 2015 to 2024 (%)

Want to learn more about the ride hailing market? Read our sector profile

Uber FAQ

How many people drive for Uber?

In 2024, Uber had over eight million drivers worldwide

How many trips per day are completed by Uber?

In 2024, Uber completed on average 30.3 million trips per day

How many cities is Uber available in?

Uber is available in over 13,000 cities globally

What ride-hailing services does Uber have stakes in?

When Uber leaves a region, it usually sells its service to the largest competitor in return for a stake in the company. It owns stakes in DiDi, Grab, and previously owned a stake in Yandex Taxi.



Source link

Continue Reading

Ride & Mobility

Uber and Baidu partner to launch autonomous ride-hailing in global markets

Published

on


Uber Technologies Inc. and Baidu Inc. have announced a multi-year strategic partnership to deploy autonomous vehicles (AVs) across selected global markets outside the United States and mainland China.

The agreement will see Baidu’s Apollo Go driverless vehicles integrated into the Uber platform, with initial operations expected to begin in Asia and the Middle East later this year.

The partnership aims to enhance ride-hailing services by expanding the availability of autonomous mobility solutions through Uber’s platform.

The collaboration is designed to increase the supply of affordable and reliable rides by supplementing existing transport networks with advanced driverless technology.

Under the terms of the agreement, users requesting eligible Uber trips may be offered the option to travel in a fully autonomous Apollo Go vehicle.

READ MORE: UK DfT fast-tracks self-driving pilots

This marks a significant step in the commercial deployment of AVs beyond pilot programmes and limited urban trials.

Apollo Go currently operates more than 1,000 fully autonomous vehicles and has established a presence in 15 cities worldwide, including Dubai and Abu Dhabi.

As of May 2025, Baidu reports that Apollo Go has provided over 11 million autonomous rides to the public, making it the most widely used driverless ride-hailing service globally by volume.

Co-founder, chairman, and CEO of Baidu, Robin Li, said: “We are committed to bringing the benefit of autonomous driving technology to more people in more markets, and this partnership with Uber represents a major milestone in deploying our technology on a global scale.

“We look forward to working with Uber to deliver safe and efficient autonomous mobility solutions to riders around the world.”

Achievements and innovations in connected autonomous vehicles will be recognised and celebrated at the fourth annual CiTTi Awards on 25 November 2025 at De Vere Grand Connaught Rooms in London. Visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector!



Source link

Continue Reading

Ride & Mobility

Kakao Mobility pursues Waymo, Baidu partnerships for driverless taxis

Published

on


A Kakao Mobility self-driving car is being tested in the Pangyo area of Seongnam, Gyeonggi. [KAKAO MOBILITY]

 
Kakao Mobility, Korea’s top ride-hailing platform operator, is reportedly in talks with global autonomous vehicle leaders to launch a self-driving taxi service in Korea.
 
Kakao Mobility is pursuing partnerships with the U.S.-based Waymo and China’s Baidu to bring autonomous taxis, also known as robotaxis, to the domestic market through its Kakao T platform, which currently holds over 90 percent of Korea’s taxi-hailing market, according to industry sources and the Ministry of Land, Infrastructure and Transport on Friday.
 
 
If these collaborations are finalized and relevant regulatory frameworks are established, Korean users may be able to summon Waymo or Baidu robotaxis via Kakao Mobility’s platform.
 
The two companies are recognized as leaders in autonomous driving technology. In a March report by global market research firm Guidehouse, Waymo ranked first and Baidu second in autonomous vehicle technology.
 
“Both companies already operate fully autonomous taxi services — without safety drivers — in urban centers in the United States and China,” an industry official said. “They are widely considered front-runners in autonomous driving with a significant technological lead over competitors.”
 
Should these robotaxis be introduced to Korea, they would undergo adjustments to meet the country’s road conditions and traffic systems before being deployed for public service.  
 

A Waymo robotaxi seen on a road in San Francisco, California on Oct. 11, 2024 [YONHAP]

 
Kakao Mobility hopes the vehicles will help accelerate the accumulation of real-world driving data and spur domestic development in the autonomous vehicle sector.
 
“Rapid progress in autonomous technology requires continuous learning through on-road data,” one automotive expert explained. “Waymo and Baidu have proven the safety of their vehicles in real traffic environments and continue to collect valuable driving data.”
 
However, even if agreements are reached, significant legal and logistical hurdles remain. Under current Korean law, fully driverless vehicles are not permitted on public roads. Operational areas for autonomous vehicles are also limited.
 
Expanding to the level of widespread robotaxi deployment seen in parts of the United States and China will take time and require cooperation with Korea’s taxi industry.
 
“We are in discussions with several leading domestic and international companies regarding service collaborations,” said Kakao Mobility. “However, as talks are ongoing, no specific details or finalized agreements can be disclosed at this time.”
 

Baidu’s robotaxi RT6, currently in operation in Wuhan, China and other areas, is seen in this photo provided by the company. [BAIDU]

 

Translated from the JoongAng Ilbo using generative AI and edited by Korea JoongAng Daily staff.
BY YUN JUNG-MIN [[email protected]]





Source link

Continue Reading

Ride & Mobility

Bolt launches Family Profile in Nigeria to simplify shared rides – Innovation Village

Published

on


Ride-hailing company Bolt has unveiled a new Family Profile feature in Nigeria, aimed at transforming how families and small support networks coordinate transportation. This new addition enables a single user to manage and pay for rides on behalf of up to nine other people—all within one Bolt account. The move marks a significant shift toward inclusive mobility solutions in a market characterized by communal living and informal ride coordination.

While Bolt is not the first to launch such a feature—Uber pioneered the concept in the ride-hailing space—the platform is strategically adapting the idea to meet Nigeria’s unique mobility dynamics, where multi-generational households are common and transportation responsibilities are often shared among family members.

With the new Family Profile, users can add multiple individuals to a shared account, set monthly ride budgets, and receive real-time notifications about trips. This eliminates the need for constant coordination over phone calls or text messages, which, according to Bolt’s internal data, previously characterized around 2–6% of all rides in Nigeria. These trips often required the payer to relay driver details, track trip progress manually, and resolve post-ride payment concerns—an inefficient and often frustrating process.

Now, riders under the Family Profile can independently request trips through their own Bolt app, while the primary account holder retains complete financial oversight and visibility into ride histories and expenditures. The launch of this feature is part of Bolt’s broader strategy to localize its services and address real-world challenges faced by Nigerian users. For families with elderly members or relatives who may not be tech-savvy, the Family Profile offers a convenient way to ensure safe and reliable transportation without requiring them to navigate the app independently.

“At Bolt, we want to make ride-hailing work for the way people actually move,” said Osi Oguah, Country Manager for Bolt Nigeria. “Family Profile is a simple but powerful way to support others—whether it’s aging parents, adult children, or household staff—without the stress of managing every trip manually. It’s about offering control, visibility, and convenience in one seamless experience.”

The Family Profile maintains Bolt’s strict safety protocols. All added members must be at least 18 years old and possess verified Bolt accounts. The company has clarified that rides cannot be booked for unaccompanied minors, citing legal and safety reasons. However, the feature remains ideal for scheduling transportation for older adults or coordinating rides for family members with limited digital literacy.

This update builds on Bolt’s existing in-app safety features such as trip verification codes, live location sharing, real-time ride monitoring, and emergency assistance options—tools designed to reassure users in an increasingly safety-conscious market.

Bolt’s launch of the Family Profile also comes shortly after reporting a 42% drop in offline (untracked) rides over the past three months, a sign that users are increasingly turning to digital tools for secure and transparent transportation. By integrating family-focused features, Bolt reinforces its ambition to lead the ride-hailing industry in both safety and user empowerment.

The rollout of Family Profile is not just a feature upgrade; it’s a strategic evolution of Bolt’s services, grounded in the everyday realities of Nigerian households. As mobility continues to digitize across the country, innovations like this are likely to play a crucial role in shaping how families move together—safely, efficiently, and with greater peace of mind.



Source link

Continue Reading

Trending

Copyright © 2025 AISTORIZ. For enquiries email at prompt@travelstoriz.com