Uber Freight Reports $6 Million Adjusted EBITDA Loss in Q2 2025, Raising Questions on Strategic Fit

San Francisco, CA – Uber Technologies Inc.'s freight unit, Uber Freight, recorded an Adjusted EBITDA loss of $6 million in the second quarter of 2025, according to the company's latest financial reports. This figure comes amidst a tweet from Bloomberg Opinion's @tomwblack, who recently stated, "Uber's unprofitable freight unit doesn’t fit the company’s model and has little to no synergies with its main ride-hailing and delivery businesses." The contrasting views highlight an ongoing debate about the long-term viability and strategic alignment of Uber's logistics arm.

Uber Freight, launched in 2017, was designed to disrupt the traditional trucking industry by connecting shippers with carriers through a digital platform, promising greater efficiency and transparency. Despite its technological advancements and efforts to streamline supply chain processes, the unit has largely operated at a loss since its inception, with a brief period of Adjusted EBITDA profitability of $1 million in Q3 2022.

The Bloomberg Opinion piece further elaborated on the unit's challenges, noting that its technological advantage has been diminished as legacy freight brokers have adopted similar digital platforms and integrated AI. The article also pointed to the recent departure of Uber Freight founder Lior Ron to a driverless truck startup, Waabi, in which Uber is an investor, suggesting a potential shift in Uber's long-term logistics strategy.

Uber Freight's gross bookings in Q2 2025 saw a slight decline of 1% year-over-year, reaching $1.26 billion, with revenue also decreasing by 1%. This stagnation occurs within a prolonged downturn in the trucking industry, exacerbated by factors such as tariffs impacting global trade. Analysts and company executives have reportedly shown decreasing interest in the freight unit during recent earnings calls, with mentions of "freight" being minimal.

The core Uber business, encompassing Mobility and Delivery, has demonstrated robust financial health, with the Delivery segment, which initially faced losses, achieving significant profitability. In contrast, the continued losses and stagnant growth of Uber Freight raise questions about its integration into Uber's broader, profitable platform model and its ability to become a substantial growth engine. The company's focus appears to be increasingly on its core ride-hailing and delivery services.