Uber Technologies Inc

Uber Technologies posted a largely solid first quarter for fiscal 2026, with earnings per share of $0.72 edging past the consensus estimate of $0.71 by 0.94%, even as revenue of $13.20 billion came in fractionally below the $13.26 billion Wall Street had anticipated, a miss of just 0.45%. The top line still grew 14.5% year over year, though the company noted that business model changes weighed on reported revenue growth by roughly 9 percentage points, obscuring otherwise robust underlying momentum. The clearest illustration of that momentum was Gross Bookings climbing 25% year over year to $53.72 billion, supported by 3.6 billion trips and 199 million Monthly Active Platform Consumers. GAAP net income fell sharply to $263 million from $1.78 billion a year ago, driven by a $1.50 billion pre-tax headwind from equity investment revaluations, while Non-GAAP EPS grew 44% to $0.72. Analysts have largely maintained buy-equivalent ratings on the stock, and management's Q2 guidance of $56.25 billion to $57.75 billion in Gross Bookings, alongside Non-GAAP EPS of $0.78 to $0.82, suggests confidence in sustained growth ahead.