Uber Q2 2026 earnings: guidance misses analyst estimates

Uber reported second-quarter results connected Wednesday that met nett expectations, but its third-quarter guidance fell abbreviated of what analysts had anticipated.

Uber's third-quarter gross bookings guidance of $58.25 cardinal to $60.25 cardinal produced a midpoint of $59.25 billion, which fell abbreviated of the $59.33 cardinal consensus, according to CNBC. The institution besides projected non-GAAP EPS of $0.84 to $0.88 for the quarter. The midpoint of that scope fell beneath the 89-cent mean expert estimate.

Second-quarter non-GAAP EPS came successful astatine $0.81, matching the statement estimate, according to CNBC. Revenue reached $14.19 billion, a 12% summation from a twelvemonth earlier. Analysts had expected $14.24 cardinal successful revenue.

Gross bookings for the 2nd 4th totaled $58 billion, up 24% year-over-year, oregon 22% connected a constant-currency basis. That topped the $57.23 cardinal mean expert estimate. GAAP nett income attributable to Uber climbed to $2.39 billion, oregon $1.17 per diluted share, from $1.36 billion, oregon $0.63 per diluted share, successful the year-ago period. The quarter's nett income included a $1.6 cardinal pre-tax nett payment from revaluations of equity investments.

Trips grew 18% year-over-year to 3.9 billion, driven by monthly progressive level consumers rising 16% to 208 million. Adjusted EBITDA grew 33% to $2.82 billion, and non-GAAP operating income roseate 40% to $2.14 billion. Trailing twelve-month escaped currency travel exceeded $10 cardinal for the archetypal clip successful the company's history, CFO Balaji Krishnamurthy said successful a statement.

CEO Dara Khosrowshahi said successful a connection that the institution had added much first-time users implicit the anterior 12 months than successful immoderate play successful the past 5 years, and described Uber arsenic gathering "the world's largest level for autonomous vehicles." Khosrowshahi besides said the FIFA World Cup, held crossed the U.S., Canada, and Mexico, drew much than 8 cardinal tourists who took rides successful big cities during the quarter.

Uber has been expanding its transportation ambitions. The institution agreed past period to get Germany's Delivery Hero successful a transaction that values the nutrient transportation institution astatine $14.8 billion. The transaction, expected to adjacent successful the 2nd fractional of 2027, would grow Uber's combined mobility and transportation footprint to 99 markets from 79.

On the autonomous conveyance front, Uber announced plans to put much than $10 cardinal implicit the coming years toward large-scale commercialization of self-driving technology. The company's aboriginal robotaxi concern with Waymo is shifting: the 2 sides person announced that their exclusivity woody covering Atlanta and Austin, Texas, volition reason by aboriginal 2028. Uber and Waymo had already coiled down their aviator programme successful Phoenix earlier this year.

Uber shares person fallen 12% since the commencement of the year, measured done Tuesday's close.