Dara Khosrowshahi on economic cycles
From Uber's Khosrowshahi on Growth, Hiring, Commuting Trends · · Bloomberg Television
“we've seen the mobility business in past the recessions you know we've seen it we've gone through recessions in Mexico Brazil etc isn't particularly cyclical because supply and demand tend to balance each other out during recessions we get a lot of drivers coming into the platform who are looking for work so that the business remains pretty resilient.”
On , Dara Khosrowshahi, Chief Executive Officer & Director at Uber Technologies Inc, spoke about economic cycles during Uber's Khosrowshahi on Growth, Hiring, Commuting Trends on Bloomberg Television.
About Dara Khosrowshahi
In May 2026, Dara Khosrowshahi appeared in multiple interviews to discuss Uber’s strategy, financial performance, and expansion plans. During an earnings call and subsequent media appearances, he reported that Uber generated roughly $10 billion in free cash flow over the prior twelve months and described the business as "hitting on all cylinders," with both mobility and delivery segments growing. He stated that the company remains "shielded" from global instability because its operations are fundamentally local, though he acknowledged that the war in the Middle East had affected its regional operations. Khosrowshahi argued that Uber’s largest competitor remains the personal car and that the company is not seeking to build defensive "moats," preferring instead to play offense. Khosrowshahi made multiple trips to India and stated that he expects the country to become Uber’s largest market within a decade, describing Indian consumers as "super demanding" and the market as "dynamic." He said the company could turn a profit in India but that doing so would "sell the business short." He announced a hotel-booking partnership with Expedia, integrating travel into Uber’s platform, and reiterated his view that autonomous vehicles, drones, and physical AI represent "another trillion dollar marketplace." On the topic of AI, he noted that Uber exhausted its AI budget in a single quarter, that engineers are becoming more efficient through AI tools, and that he prioritizes organic growth and investment over share buybacks. He also acknowledged the existence of an AI-generated version of himself used internally for presentation practice, though he said he had not interacted with it.