# Uber stock surged roughly 9% in premarket trading after the company reported first-quarter 2026 results that beat Wall Street on the metrics that matter most: earnings, bookings, and EBITDA.

*business · news · 2026-05-06 · The Economic Times*

## Key points

- Uber's gross bookings in Q1 2026 reached $53.72 billion, exceeding its own high-end guidance.
- Uber Freight returned to growth for the first time in nearly two years, removing a key earnings drag.
- Uber's GAAP net income dropped due to a $1.5 billion equity revaluation, not core business weakness.
- Uber issued bullish Q2 guidance; projected gross bookings and EPS both came in above consensus.
- Uber announced 10 new or expanded autonomous vehicle partnerships and launched an AI driver assistant.

**Companies:** Uber
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/uber-stock-jumps-9-after-53-7-billion-bookings-beat-is-uber-entering-its-strongest-growth-phase-again-heres-why-uber-shares-are-surging-big-today-and-why-wall-street-is-suddenly-rethinking-ubers-entire-growth-story/articleshow/130855487.cms)

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