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The latest data point for UBER's EV/EBITDA ratio in Q1'26 stands at 268.45, marking a sharp and anomalous increase from the previous quarter's value of 21.25 in Q4'25, which suggests potential distortions from one-time factors or data irregularities. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibited a general downward trend, declining from a high of 82.53 in Q2'23 to a low of 21.25 in Q4'25, with notable volatility including a peak drop to 25.45 in Q3'24 followed by stabilization around 24-26 in mid-2025. This overall contraction indicates improving valuation multiples relative to earnings, though the abrupt surge in Q1'26 warrants further investigation into underlying operational or market shifts.