🔴 Uber is trading 5.5% down today as cautious Q3 guidance offsets strong Q2 earnings beat

Uber is trading 5.5% down at $68.42 after the company issued a Q3 outlook that fell short of bullish expectations, overshadowing a strong Q2 performance.

• Management’s Q3 guidance midpoints for Gross Bookings and non-GAAP EPS came in below analyst estimates, leading investors to lock in recent gains.
• The cautious outlook weighed on sentiment despite a Q2 beat on both Gross Bookings and EPS, supported by robust user growth and healthy cash flow.
• Uber also introduced a new AV Aggregator strategic narrative, aiming to position the platform as a primary partner for autonomous vehicle developers.