Uber Revenue Up on Delivery Business but Company Issues Soft Forecast — Update
By Connor Hart
Uber Technologies said revenue climbed on growth in delivery but the ride-hailing company issued a soft outlook for the current quarter.
For the three months ending Sept. 30, Uber forecast adjusted earnings of 84 cents to 88 cents a share, compared with analyst expectations for 87 cents a share. Gross bookings are projected to come in between $58.25 billion and $60.25 billion, compared with Wall Street models for $59.33 billion.
Shares recently fell 4.2% to $69 in premarket trading Wednesday.
For its latest second quarter, Uber notched higher revenue, driven by growth in its delivery business as the company continues to grow volumes and active users.
The company posted a second-quarter profit of $2.39 billion, or $1.17 a share. That compares with $1.36 billion, or 63 cents a share, a year earlier.
The recent quarter included a roughly $1.6 billion net pretax benefit tied to revaluations of Uber's equity investments, the company said.
Stripping out one-time items, earnings were 81 cents a share. Analysts polled by FactSet expected adjusted earnings of 80 cents a share.
Quarterly revenue climbed 12% to $14.19 billion, compared with Wall Street models for $14.24 billion. Revenue from Uber's mobility unit ticked up 1% to $7.36 billion, while the company's delivery business logged revenue of $5.24 billion, up 28% from last year.
Trips rose 18% from last year's comparable quarter, to $3.9 billion, with a 16% increase in monthly active platform consumers.
Gross bookings jumped 24% to $58.02 billion in the latest period, ahead of analyst views for $57.23 billion.
Chief Executive Dara Khosrowshahi said the company's platform advantage continues to compound, citing record consumers and engagement. "We've added more first-time users over the past 12 months than in any period over the past five years," he said.
Moving forward, the company will continue to invest its cross-platform strategy, accelerating its effort to build the world's largest platform for autonomous vehicles at a global scale, Khosrowshahi added.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 05, 2026 08:26 ET (12:26 GMT)
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