business / news / / The Economic Times
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.
Uber's gross bookings in Q1 2026 reached $53.72 billion, exceeding its own high-end guidance.
KEY POINTS
- 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
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