Uber

Discipline and shareholder alignment.

The board authorized 7.0 billion dollars of repurchases in February 2024 and added a further 20.0 billion dollars in July 2025. Uber executed a 1.5 billion dollar accelerated share repurchase in January 2025 and retired 80 million shares for 6.5 billion dollars during 2025, while maintaining investment‑grade ratings and liquidity.

SBC expense was 1.83 billion dollars in 2025, trending down as a percent of revenue versus prior years. Management prioritizes organic investment, membership and ads expansion, AV partnerships over heavy capex, and targeted M&A such as the controlling stake in Trendyol GO in Türkiye. This pattern aligns with quality‑investor preferences.