Uber bets on loyalty program to drive growth, unveils $20 billion buyback plan


FILE PHOTO: The Uber logo is seen on the rear window of a taxi, in Dublin, Ireland, June 29, 2025. REUTERS/Clodagh Kilcoyne/File Photo

(Reuters) -Uber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ride-hailing and delivery services company benefits from growing adoption of its paid loyalty program.

The company said members for its $9.99 "Uber One" program jumped 60% in June to more than 36 million from a year earlier, and more than one-third of its bookings were coming from them.

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