13 Most Profitable Growth Stocks to Buy Now

3. Uber Technologies, Inc. (NYSE:UBER)

Net Profit in the latest fiscal year: $9.85 billion

Revenue CAGR last 5 years: 31.99%

Number of Hedge Fund Holders: 166

​Uber Technologies, Inc. (NYSE:UBER) operates a global platform offering services across three main segments: Mobility (ride-hailing), Delivery (food and goods), and Freight (logistics). It is most notorious for its Mobility segment, which connects users with drivers for various transportation options, including cars, auto rickshaws, motorbikes, minibuses, or taxis.

Uber Technologies, Inc. (NYSE:UBER) demonstrated strong performance in Q4 2024, with gross bookings growth exceeding expectations and beating guidance on a constant currency basis. The company achieved significant milestones in its Uber One membership program, adding 5 million members in the quarter to reach 30 million total members, representing a 60% YoY increase. The company exceeded its commitments across all three components of its 3-year outlook framework, with gross bookings growing 21%, adjusted EBITDA growing 60% YoY, and annual free cash flow reaching 106% of EBITDA.

Looking ahead, Uber Technologies, Inc. (NYSE:UBER) expects continued strong growth in Q1 2025 with 17% to 21% constant currency gross bookings growth despite FX headwinds. The company is also positioning itself strategically in the autonomous vehicle (AV) space, viewing itself as an indispensable go-to-market partner for AV players. In the delivery segment, the company has shown impressive growth with over 1 million active merchants, up 16% YoY, and continues to focus on selection, price, and quality improvements. The management expressed increased confidence in meeting its three-year guidance of mid-to-high teens top-line growth and bottom-line growth in the 30% to 40% range. With such explosive guidance ahead, UBER is undoubtedly one of the most profitable growth stocks to buy now.