"Goldman Sachs called Uber's quarter "broadly positive" with accelerating momentum across mobility and delivery, despite external headwinds. The firm pointed to strong U.S. consumer demand, insurance-related cost savings, international delivery strength, and growing non-restaurant categories as the engines behind the trajectory."
"Champion focused on the topline durability of Uber's core business, flagging 20% constant currency Mobility bookings growth as the standout in a maturing rideshare industry. He also noted that Q2 2026 bookings and EBITDA were guided above consensus, with strong rideshare momentum and aggressive buybacks the two takeaways from his bus-tour channel checks."
"Uber posted Q1 2026 revenue of $13.20 billion, up 14% year over year, with Gross Bookings of $53.72 billion, up 25%, and non-GAAP EPS of $0.72. The company also crossed 50 million Uber One members, who now drive half of Gross Bookings across Mobility and Delivery."
Uber reported Q1 2026 revenue of $13.20 billion, up 14% year-over-year, with Gross Bookings of $53.72 billion, up 25%, and non-GAAP EPS of $0.72. Goldman Sachs called the quarter broadly positive with accelerating momentum across mobility and delivery, citing strong U.S. consumer demand, insurance cost savings, and international delivery strength. Piper Sandler highlighted 20% constant currency Mobility bookings growth and noted Q2 guidance above consensus. Uber crossed 50 million Uber One members driving half of Gross Bookings. The company repurchased $3.011 billion of stock in Q1 2026. Despite both analysts remaining bullish, their divergent price target adjustments reflect different modeling assumptions about the company's future trajectory.
Read at 24/7 Wall St.
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