Uber Technologies Stock Earnings Reports

Uber delivered a strong start to 2026 with balanced, broad-based growth across Mobility (+20% gross bookings) and Delivery (+23%), overall gross bookings up 21% year‑over‑year. The quarter combined revenue growth with profitability gains: non‑GAAP EPS rose 44% YoY, free cash flow was strong, and the company returned a record $3 billion to shareholders via buybacks. Strategic progress includes scaling Uber One (now >50 million members, growing ~50% YoY and accounting for over 50% of bookings), expansion of driver/courier base (10 million earners), early commercial traction and partner signings in autonomous vehicle (AV) deployments (AV trips >10x YoY; on track for up to 15 cities by year‑end), and product innovations showcased at GO‑GET (hotels, One Search, Cart Assistant, Reserve enhancements) to drive cross‑platform engagement. Management highlighted material near‑term cost improvements in U.S. Mobility insurance (expecting hundreds of millions in savings this year) that are being partially passed back to consumers to stimulate trip elasticity and market share gains (notably in CA markets like L.A.). Uber is increasing AI investments to accelerate product development, personalization and agent experiences while offsetting headcount growth, and is building the broader AV ecosystem (fleet management, financing, insurance) with partners. International Delivery competitive positioning improved, with offensive expansions (e.g., launch in Finland) and reacceleration in markets like Australia and Japan. Guidance reflects continued momentum, disciplined capital allocation and focus on durable, profitable growth.