Uber jumps 6%, fueled by 44% earnings growth despite revenue miss

Uber Technologies Inc. (NYSE: UBER) reported first-quarter 2026 non-GAAP earnings of $0.72 per share. This result exceeded the $0.70 per share expected by analysts. Quarterly revenue reached $13.2 billion. This figure fell short of the $13.31 billion consensus estimate.

Gross bookings grew 21% on a constant currency basis. Total trips increased 20% year-over-year. Monthly active platform consumers reached 199 million.

Uber shares rose more than 6% following the report. Non-GAAP earnings per share increased 44% year-over-year. The company projects second-quarter gross bookings between $56.25 billion and $57.75 billion. Uber expects adjusted earnings per share between $0.78 and $0.82 for the next quarter.