Uber Q2 revenue slightly misses estimates
UBER•Outlook
- Uber sees Q3 2026 Gross Bookings of $58.25 bln to $60.25 bln, up 18%-22% YoY cc
- Company expects Q3 2026 Non-GAAP EPS of $0.84 to $0.88, up 28%-35% YoY
- Uber forecasts Q3 2026 Adjusted EBITDA of $2.86 bln to $2.96 bln
Overview
- Ride-hailing platform's Q2 revenue rose 12% yr/yr, slightly missing analyst expectations
- Non-GAAP EPS for Q2 grew 35% yr/yr
- Company says revenue growth was offset by business model changes impacting reported results
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $14.19 bln | $14.24 bln (43 Analysts) |
| Q2 Net Income | $2.39 bln | ||
| Q2 Free Cash Flow | $2.79 bln | ||
| Q2 Gross Bookings | $58.02 bln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result Drivers
- User growth - Growth in monthly active platform consumers and increased trips per user drove higher gross bookings and engagement
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