Story perspectives

Uber Beats EPS, Shares Jump 8% on Strong Bookings

5/7/2026

Summary

Uber Beats Forecast

Uber reported Q1 2026 earnings on May 6, 2026, sending shares up 8% to $78.45.
Revenue was $13.2 billion, below the $13.3 billion consensus, while adjusted EPS rose to $0.72, beating the $0.69-$0.71 forecast.
Gross bookings hit $53.7 billion, a 25% YoY rise above the $52.8 billion target, while delivery revenue rose 34% to $5.07 billion.
Uber repurchased $3 billion of stock, added ten autonomous-vehicle partners and aims to run robo-taxis in 15 markets by year-end.

Summary

Uber Forecasts Growth

CEO Dara Khosrowshahi forecast gross bookings of $56.25-$57.75 billion for the June quarter, noting a 60-basis-point drag from the Middle East.
CFO Balaji Krishnamurthy said Uber aims to serve 1 million firms and exceed $10 billion in B2B bookings by 2028, up from $5 billion today.
Geographic expansion adds delivery demand in Australia and launches services in Denmark.
Partnerships with over 20 companies drive Uber’s autonomous-vehicle rollout, avoiding in-house development.

History

Historical Context

Waymo began public robotaxi rides in Phoenix in December 2018, expanding after a July 2020 exclusive partnership with Volvo and a May 2022 pilot that added downtown service. The early rollout, backed by Alphabet’s $5.5 billion funding by 2021, set a benchmark that Uber cites in its 2026 earnings as it plans robo-taxi growth across 15 markets.

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Uber Beats Forecast

Uber reported Q1 2026 earnings on May 6, 2026, sending shares up 8% to $78.45.
Revenue was $13.2 billion, below the $13.3 billion consensus, while adjusted EPS rose to $0.72, beating the $0.69-$0.71 forecast.
Gross bookings hit $53.7 billion, a 25% YoY rise above the $52.8 billion target, while delivery revenue rose 34% to $5.07 billion.
Uber repurchased $3 billion of stock, added ten autonomous-vehicle partners and aims to run robo-taxis in 15 markets by year-end.

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