In 2025, investor Bill Ackman disclosed a $2 billion stake in Uber Technologies (NYSE: UBER), making it his largest holding, which represents 18.5% of his firm’s U.S.-traded equity assets. This investment reflects Ackman’s belief in Uber’s potential, as the company posted a 14% year-over-year revenue increase to $11.5 billion in Q1 2025, with adjusted EBITDA rising 35% to $1.9 billion and net income standing at $1.8 billion.
Uber has shown significant improvements, switching from substantial losses in 2020 to nearly $8 billion in free cash flow over the past year. Revenue from mobility and delivery were nearly equal, with Q1 figures at $21.2 billion and $20.4 billion, respectively, illustrating robust growth in both sectors.
