Notable

Uber's bookings grow 20% as ride-hailing revenue slips

Uber's Gross Bookings, the total value of its rides and orders, grew 20% to $59.8 billion, about in line with analysts' estimates, and adjusted earnings per share rose 35% to $0.88. The CEO said fuel prices and tight driver supply abroad held back ride-hailing.

The results

Q3 2026

-74.6%

Earnings

-1.5%

Revenue

+4.9%

The stock

Earnings per share

Expected $0.98

$0.25

Revenue

Expected $15B

$14.77B

What the company expects

For the fourth quarter of 2026, Uber expects Gross Bookings of $63.25 billion to $65.25 billion, growth of 18% to 22% at constant currency, with about a 1-point currency headwind to reported growth. It expects adjusted earnings per share of $0.95 to $0.99, up 34% to 39%, and Adjusted EBITDA of $3.13 billion to $3.23 billion.

Results for Q3 2026, released on November 4, before the open. Expected: average of analysts' forecasts.

Who holds it

AI analysis

Nov 4

What drove the quarter

Bookings up 20%, operating profit up 30%

Gross Bookings, the total value of rides and orders, grew 20% to $59.8 billion, and trips rose 16% to 4.1 billion. GAAP income from operations grew 30% to $1.4 billion, and free cash flow, the cash left after investment spending, reached $2.5 billion.

Ride-hailing revenue slips

Mobility revenue, Uber's ride-hailing business, fell 2% to $7.52 billion, under the $7.71 billion StreetAccount estimate, while Delivery revenue grew 23% and Freight revenue 34%. CEO Dara Khosrowshahi said elevated fuel prices and tighter driver availability weighed on supply in several international markets, and Uber is investing to add drivers.

What it does not say

Net income comparison is distorted

GAAP net income fell 92% to $512 million, but the year-earlier quarter included a $4.9 billion benefit from a tax valuation release. The drop says little about how the business itself performed.

One session is not a verdict

The stock rose 4.9% to $69.87 on November 4, after closing on November 3 just above its 52-week low. Uber lost 33.2% over the past year while the S&P 500 gained 11.6%, and one day's move does not reverse that.

Analysis written by an AI from public data. It is not investment advice.