AlphaWire

newswire

Uber's adjusted profit slightly beats expectations as bookings surge

2026-08-05·newswire-us-stock-124002
Uber's adjusted profit slightly beats expectations as bookings surge.

Uber's second-quarter profit came in slightly above Wall Street expectations. Growth in its number of riders and delivery business lifted revenue, but shares of Uber Technologies still fell in early Wednesday trading.

The company said adjusted earnings per share rose 35% from a year earlier to 81 cents, slightly above the 80-cent consensus estimate compiled by FactSet. Revenue increased 12% to $14.2 billion, slightly below analysts' expectations. Order value rose 18% from a year earlier to $3.9 billion.

Total bookings—which tracks the value of all rides and delivery orders—increased 24% to $58 billion. "The strength of our platform continues to compound, with record consumers and engagement, and profitable growth across all of our businesses," Uber Chief Executive Dara Khosrowshahi said.

"In fact, over the past 12 months, we have added more first-time users than in any period over the past five years." Khosrowshahi added that the company would continue investing in a project he said could become "the largest autonomous vehicle platform in the world." Uber expects third-quarter total bookings of $58.25 billion to $60.25 billion, representing year-over-year growth of 18% to 22% on a constant-currency basis.

The company forecasts third-quarter earnings per share of 84 cents to 88 cents. FactSet data show that analysts expect third-quarter total bookings of $59.3 billion and earnings per share of 87 cents. Uber shares rose briefly in premarket trading before turning lower, falling 3% to $69.79.

The stock is down 11.9% so far this year, as some investors worry that the company could face competition from other autonomous robotaxi platforms. Still, FactSet data showed that before Wednesday's earnings release, analysts' average price target for Uber was $104.70.

#Stocks #Earnings

Full text

Uber's adjusted profit slightly beats expectations as bookings surge

Uber's second-quarter profit came in slightly above Wall Street expectations. Growth in its number of riders and delivery business lifted revenue, but shares of Uber Technologies still fell in early Wednesday trading. The company said adjusted earnings per share rose 35% from a year earlier to 81 cents, slightly above the 80-cent consensus estimate compiled by FactSet. Revenue increased 12% to $14.2 billion, slightly below analysts' expectations. Order value rose 18% from a year earlier to $3.9 billion. Total bookings—which tracks the value of all rides and delivery orders—increased 24% to $58 billion. "The strength of our platform continues to compound, with record consumers and engagement, and profitable growth across all of our businesses," Uber Chief Executive Dara Khosrowshahi said. "In fact, over the past 12 months, we have added more first-time users than in any period over the past five years." Khosrowshahi added that the company would continue investing in a project he said could become "the largest autonomous vehicle platform in the world." Uber expects third-quarter total bookings of $58.25 billion to $60.25 billion, representing year-over-year growth of 18% to 22% on a constant-currency basis. The company forecasts third-quarter earnings per share of 84 cents to 88 cents. FactSet data show that analysts expect third-quarter total bookings of $59.3 billion and earnings per share of 87 cents. Uber shares rose briefly in premarket trading before turning lower, falling 3% to $69.79. The stock is down 11.9% so far this year, as some investors worry that the company could face competition from other autonomous robotaxi platforms. Still, FactSet data showed that before Wednesday's earnings release, analysts' average price target for Uber was $104.70.

Uber's second-quarter profit came in slightly above Wall Street expectations. Growth in its number of riders and delivery business lifted revenue, but shares of Uber Technologies still fell in early Wednesday trading.

The company said adjusted earnings per share rose 35% from a year earlier to 81 cents, slightly above the 80-cent consensus estimate compiled by FactSet.

Revenue increased 12% to $14.2 billion, slightly below analysts' expectations. Order value rose 18% from a year earlier to $3.9 billion. Total bookings—which tracks the value of all rides and delivery orders—increased 24% to $58 billion.

"The strength of our platform continues to compound, with record consumers and engagement, and profitable growth across all of our businesses," Uber Chief Executive Dara Khosrowshahi said. "In fact, over the past 12 months, we have added more first-time users than in any period over the past five years."

Khosrowshahi added that the company would continue investing in a project he said could become "the largest autonomous vehicle platform in the world."

Uber expects third-quarter total bookings of $58.25 billion to $60.25 billion, representing year-over-year growth of 18% to 22% on a constant-currency basis. The company forecasts third-quarter earnings per share of 84 cents to 88 cents.

FactSet data show that analysts expect third-quarter total bookings of $59.3 billion and earnings per share of 87 cents.

Uber shares rose briefly in premarket trading before turning lower, falling 3% to $69.79. The stock is down 11.9% so far this year, as some investors worry that the company could face competition from other autonomous robotaxi platforms.

Still, FactSet data showed that before Wednesday's earnings release, analysts' average price target for Uber was $104.70.

← Back to archive