Uber Technologies reported first-quarter 2026 adjusted earnings of $0.72 per share. This performance exceeded the analyst consensus estimate of $0.70. Quarterly revenue reached $13.2 billion, slightly missing market forecasts.
Gross Bookings rose 25% year-over-year to $53.7 billion. Robust demand across Mobility and Delivery segments supported this growth. Non-GAAP operating income surged 42% to $1.9 billion. The company returned a record $3 billion to shareholders through stock buybacks during the quarter.
Uber projects second-quarter adjusted earnings between $0.78 and $0.82 per share. The company expects continued growth in bookings for the upcoming period. Uber shares rose significantly following the report, lifting broader technology sector sentiment.