{"id":5786,"date":"2025-05-09T07:28:07","date_gmt":"2025-05-09T07:28:07","guid":{"rendered":"https:\/\/nationalgunowner.org\/index.php\/2025\/05\/09\/ubers-business-model-remains-tariff-proof-says-ceo-dara-khosrowshahi\/"},"modified":"2025-05-09T07:28:13","modified_gmt":"2025-05-09T07:28:13","slug":"ubers-business-model-remains-tariff-proof-says-ceo-dara-khosrowshahi","status":"publish","type":"post","link":"https:\/\/nationalgunowner.org\/index.php\/2025\/05\/09\/ubers-business-model-remains-tariff-proof-says-ceo-dara-khosrowshahi\/","title":{"rendered":"Uber\u2019s Business Model Remains Tariff-Proof, Says CEO Dara Khosrowshahi"},"content":{"rendered":"
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Uber CEO Dara Khosrowshahi said his company is watching out for tariff-related disruptions. Leigh Vogel\/Getty Images for Concordia Summit<\/span><\/figcaption><\/figure>\n

Across the U.S., the Trump administration\u2019s global tariffs are starting to affect the automakers<\/a>, tech giants<\/a> and even toy manufacturers<\/a>. But Uber<\/a>\u2014the country\u2019s market leader in ride-hailing and food delivery\u2014remains an exception, at least for now. \u201cWe\u2019re off to a strong start this year against the dizzying backdrop of headlines on trade and economic policy,\u201d Dara Khosrowshahi<\/a>, Uber\u2019s CEO, told analysts during Uber\u2019s first-quarter earnings call yesterday (May 6).<\/p>\n

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Shares of the ride-hailing giant slipped 1 percent today after the company narrowly missed Wall Street\u2019s revenue forecast. Uber reported $11.5 billion in first-quarter revenue, a 14 percent increase year-over-year. The company also posted $1.7 billion in profit for the quarter, a notable rebound from a net loss of $654 million during the same period last year.<\/p>\n

For the current quarter, Uber expects gross bookings to grow between 16 percent and 20 percent\u2014a sign the company does not foresee major financial headwinds between April and June, Khosrowshahi said.\u2014a sign that Uber isn\u2019t anticipating any major financial headwinds between April and June, said Khosrowshahi.<\/p>\n

\u201cWe don\u2019t see any signals that I describe as significant,\u201d he noted when asked about broader macroeconomic uncertainty. Uber\u2019s gross bookings from January to March rose 18 percent to $42.8 billion.<\/p>\n

Khosrowshahi added that while Uber is monitoring shifts in consumer behavior and demand, the company hasn\u2019t seen any notable changes in spending patterns across its businesses, including Uber Eats. \u201cWe\u2019re not seeing trade-downs in terms of the kinds of restaurants that our eaters are eating at,\u201d he said.<\/p>\n

One area showing signs of weakness is inbound international travel to the U.S., which has slightly impacted gross bookings per trip, said Uber chief financial officer Prashanth Mahendra-Rajah<\/a>. Though Uber didn\u2019t specify the cause, the downturn comes amid a broader decline in tourism during the Trump administration\u2019s trade war. In March, the number of visitors from Canada dropped 18 percent<\/a>, while arrivals from Western Europe fell 12 percent.<\/p>\n

On the whole, Uber\u2019s core services are relatively insulated from tariff pressures, according to Khosrowshahi.\u00a0 \u201cRestaurants, transportation, grocery tend to be categories that are quite consistent even during periods of macro uncertainty,\u201d he said. \u201cSo I think from a relative standpoint, we\u2019re a little bit less subject to these issues.\u201d<\/p>\n

\t\t\t\t\"Uber\u2019s<\/p><\/div>\n