Click to view the earnings moves in UBER
Uber’s Earnings Send Stock Down 6.2%—But Is This Just the Start?
Uber Technologies (UBER) delivered strong third quarter numbers this morning, reporting a surge in trips and bookings and record profits. Yet, despite beating on key metrics, shares dropped sharply, falling -6.2% as the options market expected a move of about ±6.9%. So, what does history say about Uber’s typical post-earnings performance—and could a reversal be next?
Inside Uber’s Q3 2025: Growth Hits High Gear
The headlines from Uber’s Q3 earnings sound bullish: trips up 22%, gross bookings up 21%, and adjusted EBITDA up 33% year-over-year. Net income got a big lift from tax valuation gains, but operating income and cash flow were both up as well. Management cited AI initiatives and global scale as levers for future growth. Options volume exploded to 160,921 contracts, reflecting intense trading activity as investors digested the results and braced for volatility.
Historical Stock Moves on Uber’s Earnings Day
Is today’s drop out of the ordinary for Uber after an earnings report? Not really. If you study the company’s historical price behavior, earnings days often deliver sizable moves—and more often to the downside. Here’s a quick snapshot from Uber’s past 12 earnings reports:
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Average Return | -0.4% | -1.4% | +2.9% | -3.4% | +1.0% |
| % of Moves Up | 41.7% | 33.3% | 58.3% | ||
| % of Moves Down | 58.3% | 66.7% | 41.7% |
On average, Uber has closed down slightly on earnings day (-0.4%), with a 58.3% chance of moving lower versus 41.7% for a gain. The open-to-close performance averages a modest rise (+1.0%), but the gap at the open skews negative. Intraday, Uber is prone to both positive spikes (+2.9% open to high) and negative plunges (-3.4% open to low). In other words: volatility rules.
Absolute Earnings Day Moves: Not Just About Direction
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Absolute Average Return | 5.8% | 5.1% | 2.9% | 3.4% | 3.0% |
| Max Absolute Return | 11.5% | 8.4% | 6.5% | 7.8% | 6.2% |
| Min Absolute Return | 0.2% | 1.3% | 0.4% | 0.4% | 0.3% |
The numbers show just how wide the range can be on earnings day. Historically, the average absolute move is 5.8%, with a max of 11.5%. This year’s ±6.9% expected by the options market was pretty much in line with Uber’s volatile reputation around earnings.
After the Shock: Does Uber Rebound Post-Earnings?
Here’s the intriguing part: While Uber has a slightly negative average move on earnings day, it’s shown a tendency to bounce back in the days and weeks that follow. Looking at post-earnings performance over the past few years:
| Stock Performance | 1 Day After Earnings | 2 Days After Earnings | 3 Days After Earnings | 1 Week After Earnings | 2 Weeks After Earnings |
|---|---|---|---|---|---|
| Average Return | +1.6% | +1.7% | +2.6% | +5.8% | +5.1% |
| % of Moves Up | 72.7% | 72.7% | 63.6% | 81.8% | 63.6% |
| % of Moves Down | 27.3% | 27.3% | 36.4% | 18.2% | 36.4% |
Uber shares, on average, rally +5.8% in the week after earnings, with an 81.8% win rate. This post-earnings drift could mean today’s selloff offers opportunity for those expecting history to repeat—but remember, past performance isn’t a guarantee for the future. View the full Uber earnings stock performance stats here.
Options Action: Today’s Most Traded Uber Option
The surge in options trading tells its own story. Today’s most actively traded single leg option is:
| Attribute | Value |
|---|---|
| Option Contract | 19-Dec-25 110 C |
| Volume | 7,427 |
| VWAP price | 0.73 |
| Open interest | 21,295 |
| Yesterday's closing price | 2.56 |
With Uber’s earnings drop bringing prices back near recent support, some traders are betting on a long-term recovery, as shown by activity in the out-of-the-money December 2025 calls.
Takeaway: History Favors Volatility—And Post-Earnings Resilience
Uber’s Q3 numbers suggest operational strength, but market reactions around earnings have a mind of their own. With today’s options activity and a track record of wild swings—often followed by a bounce—investors will be watching closely to see if history repeats. For more details on Uber’s past earnings-day action and what happens after, check the historical stock performance around earnings page.
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