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Uber Technologies reported its first quarter 2026 earnings before the market open on Wednesday May 6.
Uber's GAAP EPS miss was due to a $1.5 billion non-cash equity investment revaluation.
KEY POINTS
- Uber One membership surpassed 50 million, now contributing half of all gross bookings globally.
- Uber guided Q2 2026 gross bookings and EPS above every Wall Street estimate.
- 95 percent of Uber engineers now use AI coding assistants monthly, driving productivity gains.
- Uber repurchased $3 billion of stock in Q1 under its $7 billion buyback program.
COMPANIES
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