# Ride-hailing service guided total gross bookings to between $56.25 billion and $57.75 billion for the three-month period ending in June.

*business · news · 2026-05-06 · The Mercury News*

## Key points

- Uber forecasted Q2 gross bookings of $56.25-$57.75 billion, beating analyst expectations.
- Moderating insurance costs have improved trip growth in key US markets like San Francisco and LA.
- Uber's business-to-business segment now serves 300,000 organizations and exceeds $5 billion in annual bookings.
- Uber will slow overall hiring in 2024 due to productivity gains from internal generative AI tools.

**Companies:** Uber Technologies Inc., Lyft Inc., DoorDash Inc.
**Countries:** United States, Iran

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/05/06/uber-beats-on-bookings-outlook-in-sign-of-growing-us-demand/)

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