Uber Q1 2026 earnings: revenue miss, stock pops on guidance

Uber banal climbed 10% aft the institution reported first-quarter results connected Wednesday that missed gross expectations but included second-quarter bookings guidance that exceeded what analysts had anticipated.

First-quarter gross totaled $13.2 billion, a 14% summation from the year-ago period, portion the expert statement had pegged the fig astatine $13.29 billion, according to CNBC. On a GAAP basis, diluted EPS came to $0.13 versus the $0.70 analysts had forecast, though stripping retired one-time items produced non-GAAP EPS of $0.72, a 44% betterment implicit the anterior year.

A $1.5 cardinal pre-tax complaint tied to mark-to-market losses connected equity holdings was the superior origin separating GAAP from adjusted results; nett income shrank to $263 cardinal arsenic a consequence, compared with $1.78 cardinal successful the archetypal 4th of 2025. Those holdings see stakes successful Asian ride-hailing operators Didi and Grab, according to CNBC.

Uber's mobility part was the resistance connected wide revenue, with its $6.8 cardinal successful income — a 5% year-over-year summation — falling good abbreviated of the $7.11 cardinal Wall Street had projected, according to CNBC. Khosrowshahi pointed to a challenging operating situation successful his pre-call remarks, describing a "complex macro backdrop marked by upwind disruptions, geopolitical tensions, and state terms volatility," and noted that pump prices crossed the U.S. person surged astir 50% since American subject operations successful Iran commenced successful February — a peculiar load fixed that drivers carnivore their ain substance costs.

At $5.07 billion, transportation gross expanded 34% from the aforesaid 4th a twelvemonth ago, surpassing the $4.89 cardinal statement estimate, according to CNBC — making it the company's highest-growth concern line. Geographic standouts included Australia, Japan, and the U.K.

At $53.7 billion, gross bookings came successful up of the $52.8 cardinal expert statement portion rising 25% from the anterior year. Looking to the existent quarter, Uber guided for gross bookings betwixt $56.25 cardinal and $57.75 cardinal — equivalent to constant-currency maturation of 18% to 22% — a scope that cleared the $56.17 cardinal consensus, according to CNBC. The institution besides projected non-GAAP EPS of $0.78 to $0.82 for the quarter, reflecting maturation of 31% to 38% year-over-year.

Trips during the 4th totaled 3.6 billion, up 20% year-over-year. Monthly progressive level consumers reached 199 million, up 17%. Adjusted EBITDA grew 33% to $2.5 billion. The institution spent $3 cardinal repurchasing its ain banal during the quarter.

CFO Balaji Krishnamurthy said successful a connection that gross bookings maturation had exceeded 21% for a 3rd consecutive 4th and that the institution was "investing with condemnation successful the important opportunities ahead."