# Uber reported first-quarter revenue that missed estimates.

*business · news · 2026-05-06 · CNBC*

## Key points

- Uber's delivery segment revenue grew 34% year-over-year, surpassing analyst expectations at $5.07 billion.
- Uber's net income was impacted by a $1.5 billion loss from revaluing equity investments in Didi and Grab.
- Uber expects Q2 gross bookings of $56.25–$57.75 billion, exceeding consensus analyst estimates.
- Uber revealed 95% of its engineers use AI coding tools, with 10% of code written autonomously by AI.

**Companies:** Uber, Alphabet
**Countries:** Australia, Japan, United Kingdom, United States, China

[Read the full story on CNBC](https://www.cnbc.com/2026/05/06/uber-uber-2026-q1-earnings.html)

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