UBER – Q1/2026 shows stronger operating profitability despite a slight revenue miss

📌 Uber reported Q1/2026 Gross Bookings of $53.7 billion, up 25% YoY and above market expectations. Non-GAAP EPS came in at $0.72, while Adjusted EBITDA rose 33% to $2.5 billion, showing that profit scaling remains the main bright spot.
💡 Revenue reached $13.2 billion, up 14% YoY but slightly below the $13.29 billion expected. Net income fell to $263 million, mainly due to investment revaluation losses tied to Didi and Grab, so it does not clearly signal weakness in the core business.
🚚 Delivery remained the standout growth driver, with revenue rising 34% to $5.07 billion, beating forecasts and supported by growth in Australia, Japan, and the U.K. Mobility, by contrast, grew only 5% to $6.8 billion, missing expectations due to weather, fuel prices, and geopolitical factors.
🔎 Q2 guidance was fairly positive, with Gross Bookings expected at $56.25–$57.75 billion, above consensus. UBER shares rose about 8% pre-market, suggesting the market is prioritizing bookings growth, Delivery momentum, and operating efficiency over the slight revenue miss.
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