Uber Q2 revenue slightly misses estimates

Uber Technologies

05/08/2026 12:07

Overview
Ride-hailing platform's Q2 revenue rose 12% yr/yr, slightly missing analyst expectations
Non-GAAP EPS for Q2 grew 35% yr/yr
Company says revenue growth was offset by business model changes impacting reported results

Outlook
Uber sees Q3 2026 Gross Bookings of $58.25 bln to $60.25 bln, up 18%-22% YoY cc
Company expects Q3 2026 Non-GAAP EPS of $0.84 to $0.88, up 28%-35% YoY
Uber forecasts Q3 2026 Adjusted EBITDA of $2.86 bln to $2.96 bln

Result Drivers
USER GROWTH - Growth in monthly active platform consumers and increased trips per user drove higher gross bookings and engagement
SEGMENT PERFORMANCE - Delivery and freight segments saw strong revenue growth, while mobility revenue was nearly flat
BUSINESS MODEL CHANGES - Company said business model changes reduced reported revenue growth by 8 percentage points

Company press release: ID:nBwby112na

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$14.19 bln
$14.24 bln (43 Analysts)
Q2 Net Income
 
$2.39 bln
 
Q2 Free Cash Flow
 
$2.79 bln
 
Q2 Gross Bookings
 
$58.02 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 44 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Uber Technologies, Inc. is $105.90, about 47.1% above its August 4 closing price of $71.99
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Aug 5 - Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Aug 4 - Singapore's Grab lifts annual forecasts as AI, incentives drive growth 
Aug 5 - Uber-backed Moove valued at $2.1 billion after new funding

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)