Uber Technologies (UBER) stock is under pressure on Wednesday morning, weakness that is being attributed primarily to the company's disappointing Q2 earnings. The ride-hailing giant reported $14.19 billion in revenue for its second quarter – missed the consensus estimate set at $14.24 billion – on essentially in-line 81 cents a share of earnings (EPS).
Uber Technologies, Inc. delivered strong Q2 growth and margin expansion despite headline revenue and EPS misses, largely due to U.K. tax headwinds. Underlying operational metrics remain robust, with 16% MAPC growth, 18% trip growth, and operating income up 30% year-over-year. UBER's "super app" strategy and potential Delivery Hero acquisition offer optionality, while core markets and margin expansion remain solid growth drivers.
Uber Technologies, Inc. (UBER) Q2 2026 Earnings Call Transcript
The headline numbers for Uber (UBER) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) shares fell about 6% in early trading Wednesday after the ride-hailing company issued a third quarter outlook that fell short of some Wall Street expectations, overshadowing better-than-expected gross bookings and adjusted EBITDA in the second quarter. For the third quarter, Uber expects adjusted EPS of $0.84 to $0.88, below the Wall Street average estimate of $0.89.
Uber Technologies (UBER) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.63 per share a year ago.
Uber Technologies shares fell early Wednesday, despite the ride-hailing company registering earnings a tad above Wall Street estimates in the second quarter as a jump in passengers and deliveries boosted revenue.
Uber stock declines as the ride-hailing company reports mostly in-line second-quarter earnings and guidance.
Uber Technologies notched higher revenue in second quarter, driven by growth in its delivery business as the company continues to grow volumes and active users.
Uber's earnings were in line with estimates, but the company's guidance for the third quarter trailed expectations. The company said bookings in the third quarter will be $59.25 billion at the midpoint of the range, trailing the average estimate of $59.33 billion, according to FactSet.
Transport for London granted private-hire vehicle licenses to a number of Wayve's autonomous vehicles, which will operate with a private-hire driver behind the wheel to take control when necessary.
Waymo is reportedly exploring its options to end its partnership with Uber in Austin and Atlanta, which suggests Waymo is trying to own the customer through vertical integration. At the beginning of this decade, robotaxis were available in just 1 city in the entire world. Today, that number has risen to more than 20. Robotaxi growth is very real, and Waymo seems likely to maintain its position as a leading robotaxi developer in the long run.