UBER is trading at $77.41 (+6.11%) after reporting Q1 2026 earnings that exceeded analyst expectations on key growth and profitability metrics.
- Gross Bookings reached $53.7B (up 25% YoY), beating the $52.9B estimate, while Non-GAAP EPS of $0.72 also topped forecasts.
- Profitability saw significant gains with GAAP operating income rising 57% to $1.9B and Adjusted EBITDA climbing 33% to $2.5B.
- Positive forward guidance and momentum surrounding the company's autonomous vehicle (AV) strategy are fueling the surge, outperforming a bullish broader market.