Uber 8-K

PositiveEarningsNew guidance

Equity-investment revaluations imposed a $1.5B pretax drag on GAAP profit despite stronger operating earnings.

Filed 2026-05-06 06:56 ET

Summary

Q1 2026 results with Q2 guidance. Trips rose 20% and Gross Bookings grew 21% on a constant-currency basis, while revenue growth was reduced by 9 percentage points by business model changes. GAAP net income attributable to Uber was pressured by a $1.5B pretax headwind from equity-investment revaluations.

Key Figures

Metric Q1 2026
Revenue $13.2B, +14% Y/Y
GAAP income from operations $1.92B, +57% Y/Y
Non-GAAP operating income $1.88B, +42% Y/Y
GAAP net income attributable to Uber Technologies, Inc. $263M, -85% Y/Y
Non-GAAP net income $1.49B, +39% Y/Y
GAAP diluted EPS $0.13, -85% Y/Y
Non-GAAP EPS $0.72, +44% Y/Y
Net cash provided by operating activities $2.35B, +1% Y/Y
Free cash flow $2.29B, +2% Y/Y
Gross Bookings $53.7B, +25% Y/Y; +21% constant currency
  • Trips reached 3.6B (+20% Y/Y), supported by 17% growth in Monthly Active Platform Consumers and 3% growth in monthly Trips per consumer. Delivery revenue grew 34%, while Mobility revenue grew 5%.
  • Equity-investment revaluations were a $1.5B pretax headwind to Q1 2026 net income, versus a $51M pretax benefit in Q1 2025. Unrestricted cash, cash equivalents and short-term investments totaled $6.1B at quarter-end; common-stock repurchases were $3.01B, versus $1.79B a year earlier.

Guidance

Metric Period Guidance Prior Direction
Gross Bookings Q2 2026 $56.25B-$57.75B; 18%-22% Y/Y growth on a constant-currency basis — —
Non-GAAP EPS Q2 2026 $0.78-$0.82; 31%-38% Y/Y growth — —
Adjusted EBITDA Q2 2026 $2.70B-$2.80B — —

Investor Takeaways

  • Q2 results versus the Gross Bookings, non-GAAP EPS and Adjusted EBITDA ranges will show whether platform growth and earnings momentum continue.

The summary is written by an AI model reading the filing.

Model 005 · prompt 8bef31e277 · 2026-10-14 17:02:54Z

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