Uber Technologies reported second-quarter revenue of $12.65 billion, an 18 percent increase from a year earlier and ahead of analysts’ projections. Adjusted earnings per share rose to $0.63, narrowly topping expectations, while adjusted EBITDA reached $2.12 billion. Gross bookings climbed 17 percent to $46.76 billion, lifting net income to $1.36 billion and free cash flow to $2.48 billion. Alongside the earnings beat, the ride-hailing company authorized a share repurchase program of up to $20 billion, underscoring management’s confidence in cash generation and future growth. The new buyback comes after several quarters of positive free cash flow and profitability for the once cash-burning platform. For the third quarter, Uber projects gross bookings of $48.25 billion to $49.75 billion and adjusted EBITDA of $2.19 billion to $2.29 billion, implying year-on-year increases of roughly 4 to 6 percent and 30 to 36 percent, respectively. The company also said U.S. mobility trip growth is accelerating as it heads into the second half of the year.