Uber Technologies, Inc. (UBER)reported mixed third-quarter 2026 results, wherein earnings missed the Zacks Consensus Estimate while revenues surpassed the mark.
Quarterly earnings of 25 cents per share missed the Zacks Consensus Estimate of 94 cents by 73.4%. The figure declined 92% from $3.11 in the year-ago quarter. Revenues increased 9.6% year over year to $14.77 billion and surpassed the consensus estimate of $14.74 billion by 0.2%.
Gross bookings increased 20% year over year to $59.82 billion, supported by higher trip volumes and expanding consumer engagement. A loss from equity investment revaluations weighed on reported earnings.
Uber Technologies, Inc. Price, Consensus and EPS Surprise
Uber Technologies, Inc. price-consensus-eps-surprise-chart | Uber Technologies, Inc. Quote
UBER’s Bookings and Engagement Maintain Momentum
Gross bookings increased 20% year over year on both a reported and constant-currency basis. Mobility gross bookings rose 18% year over year to $29.51 billion, reflecting continued demand across the company’s ride-hailing platform.
Delivery gross bookings increased 22% year over year to $28.54 billion, while Freight bookings surged 35% to $1.77 billion. On a constant-currency basis, Delivery bookings grew 23%, while Mobility bookings increased 17%.
Trips increased 16% year over year to 4.06 billion. Monthly active platform consumers, representing users completing at least one Mobility ride or Delivery order during a month, increased 14% to 215 million. Monthly trips per active consumer improved 2%, reflecting higher platform engagement.
Uber’s Mobility Revenues Decline Despite Bookings Growth
Mobility revenues declined 2% year over year on both a reported and constant-currency basis to $7.52 billion. Business model changes affected reported revenue growth despite the expansion in underlying transaction volumes.
Mobility segment operating income increased 27% year over year to $2.36 billion from $1.86 billion. The improvement reflected stronger profitability despite the decline in reported revenues.
Mobility remained Uber’s largest revenue-generating business. Higher segment earnings also supported the company’s overall operating performance during the quarter.
UBER’s Delivery and Freight Businesses Expand
Delivery revenues jumped 23% year over year on both a reported and constant-currency basis to $5.49 billion. The segment benefited from expanding platform activity and continued growth in consumer demand.
Delivery segment operating income increased 30% year over year to $1.06 billion from $811 million. Profit growth exceeded revenue growth, reflecting improved segment profitability.
