In the fourth quarter, Uber Freight demonstrated stable financial results, contrasting with the robust growth observed in the company's ride-hailing and food delivery sectors. The logistics division reported gross bookings of $1.27 billion, a marginal decrease of approximately 1% year-over-year, with its revenue holding steady at the same figure. This performance unfolded against the backdrop of a challenging North American trucking landscape, characterized by an oversupply of capacity and downward pressure on rates.
Despite the difficult market conditions, Uber Freight achieved a significant turnaround by reaching breakeven profitability for the first time in over three years. This accomplishment was attributed to stringent operational discipline and cost management, rather than an improvement in market pricing, suggesting continued rate pressures for carriers in early 2026. Meanwhile, Uber's overarching platform celebrated a record-breaking quarter, with total gross bookings soaring by 22% to $54.1 billion and adjusted EBITDA climbing by 35% to $2.5 billion, propelled by strong double-digit growth in both its mobility and delivery segments.
Looking ahead, Uber executives view autonomous vehicle technology as a pivotal element for the long-term transformation and enhancement of its freight operations. CEO Dara Khosrowshahi emphasized that autonomous vehicles present a multi-trillion dollar opportunity, enabling significantly higher vehicle utilization across Uber's integrated logistics ecosystem, encompassing freight and delivery. The integration of autonomous operations, expected to expand to 15 cities by year-end, aims to reduce unit costs and strategically position Uber Freight for future growth as this innovative technology becomes more widespread.
The company's strategic focus on operational efficiency, coupled with the long-term potential of autonomous vehicles, positions Uber Freight to navigate market fluctuations effectively. By continually innovating and optimizing its services, Uber is not only strengthening its freight division but also reinforcing its commitment to a future where technology drives sustainable growth and increased efficiency across its diverse platforms. This forward-thinking approach underscores a dedication to progress and a positive vision for the future of logistics and transportation.