Uber Q2 earnings meet forecasts, shares fall on Q3 outlook

Uber Technologies reported second-quarter earnings that largely met analyst expectations but saw its stock decline on Wednesday, August 5, 2026, after issuing a profit forecast for the current quarter that fell short of Wall Street estimates. The company also reaffirmed plans for massive investments in autonomous vehicle technology and recent acquisitions, shifting investor focus to its long-term capital allocation strategy.

For the second quarter, Uber reported adjusted earnings per share of $0.81, roughly in line with or slightly above analyst forecasts. Gross bookings grew 22% to 24% year-over-year to approximately $58 billion, exceeding expectations. Revenue increased 12% to $14.2 billion. The company cited broad-based demand across its mobility, delivery, and freight segments, with significant usage linked to the FIFA World Cup, where more than 8 million tourists used its services in host cities.

Despite these solid results, the company's shares fell approximately 2% to 3.5% in premarket and early trading. The decline was driven by its third-quarter outlook. Uber projected adjusted earnings per share between $0.84 and $0.88, below the consensus estimate of $0.89. It...