After a long gap, Uber Freight’s revenue turns higher from year earlier

4 days ago 5

John Kingston

Wed, May 6, 2026 astatine 12:17 PM CDT 3 min read

Uber Freight reported its fiscal show connected the ground of operating income alternatively than EBITDA for the archetypal time, but the antagonistic numbers came arsenic gross turned up aft a agelong long of little numbers.

The operating nonaccomplishment for the archetypal 4th astatine the institution known chiefly arsenic a integer broker was $30 million. While this 4th was the archetypal clip wherever Uber’s 3 segments–Mobility, Delivery and Freight–were reported connected the ground of operating income alternatively than EBITDA, the company’s net connection did study operating income astatine Uber Freight for the archetypal 4th of 2025 arsenic a nonaccomplishment of $25 million.

In the company’s supplemental accusation released with the earnings, the operating nonaccomplishment for the second, 3rd and 4th quarters of past twelvemonth astatine Uber Freight was $26 million, $40 cardinal and $18 million, respectively.

When Uber Freight (NYSE: UBER) reported income connected an EBITDA basis, it lone squeaked retired a affirmative fig successful the 3rd and 4th quarters of 2022, and was breakeven connected an EBITDA ground successful the 4th fourth of past year. Otherwise, it was antagonistic each 4th since its inception.

But gross roseate to $1.34 cardinal from $1.26 cardinal a twelvemonth ago. Freight gross successful the 4th fourth was $1.27 billion.

Not since the 3rd 4th of 2024 could Uber Freight bash a year-on-year quarterly examination and spot gross much than what it was 4 quarters earlier. Between the 3rd 4th of 2023 and 3Q 2024, Uber Freight eked retired a summation successful gross of $25 million.

But successful the archetypal 4th of 2026, the year-on-year gross summation was $47 million.

In a station connected LinkedIn, Uber Freight CEO Rebecca Tinucci was upbeat astir Uber Freight’s prospects, noting that the year-on-year summation successful gross was the archetypal for the radical successful 2 years. (Uber DEO Dara Khosrowshahi, who seldom mentions Uber Freight successful the company’s net calls with analysts, besides cited the gross summation successful this quarter’s session).

“At a precocious level, Freight delivered beardown topline performance, driven by continued spot successful endeavor request and Managed Transportation — adjacent arsenic the marketplace tightened successful ways we haven’t seen successful immoderate time,” Tinucci said. “The squad continued to thin successful with customers done the tightening — maintaining work portion others pulled back.”

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