Uber: Rapid EPS Growth Should Drive Substantial Share Price Appreciation

Pershing Square Holdings997 FollowersFollow5ShareSavePlay(8min)CommentsSummaryUber operates a high-quality, capital-light, high-growth business which benefits from robust structural network effects.Uber delivered exceptional financial performance in 2025, including new all-time highs on multiple key operating metrics and constant-currency bookings growth of 20%.We believe it is likely that AV technology will ultimately be broad-based and spread among a much larger number of companies than many industry observers previously expected.Uber’s marketplace allows AV operators to achieve utilization rates that are not possible to replicate in a standalone first-party network.Uber currently trades at less than 20 times our estimate of earnings per share, which is a bargain relative to our expectation of 30% or greater growth. NYCstock/iStock Editorial via Getty Images The following segment was excerpted from the Pershing Square Holdings (PSHZF) H2 2025 Letter To Shareholders. Uber (UBER) is the world's leading mobility and delivery platform. The company operates a high-quality, capital-light, high-growth business which benefitsThis article was written byPershing Square Holdings997 FollowersFollowPershing Square Holdings, Ltd. is an investment holding company structured as a closed-ended fund principally engaged in the business of acquiring and holding significant (but generally not controlling) positions in a concentrated number of large capitalization companies. PSH’s objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. Note: This account is not managed or monitored by Pershing Square Holdings, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Pershing Square Holdings' official channels.