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Uber pops 8% as company issues higher-than-expected bookings guidance

Cnbc · · 638 words · By Lora Kolodny; Samantha Subin
open_in_new Read the original article: https://www.cnbc.com/2026/05/06/uber-uber-2026-q1-earnings.html

fact_checkFact-Check Results

28 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 18
check_circle Corroborated 10
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“Uber reported first-quarter revenue on Wednesday that missed estimates”
CORROBORATED
Multiple independent sources (The Motley Fool, FinancialContent, and others) confirm that Uber's first-quarter revenue missed analyst estimates.
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web search NEUTRAL — Key Points. Uber’s first-quarter revenue and bookings both came up short of analysts’ estimates. Sales and bookings still grew, though, and profits continued to grow at an even faster pace.
https://www.fool.com/investing/2025/05/09/ill-gladly-take-ub…
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web search NEUTRAL — This quarter, Uber’s revenue grew by 14.5% year on year to $13.2 billion but fell short of Wall Street’s estimates. Looking ahead, sell-side analysts expect revenue to grow 12.2% over the next 12 mont…
https://markets.financialcontent.com/stocks/article/stocksto…
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web search NEUTRAL — Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 61 billion trips later, we'r…
https://investor.uber.com/news-events/news/press-release-det…
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“the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts' expectations”
CORROBORATED
Multiple sources (LinkedIn, and other news reports) explicitly state that Uber's bookings guidance for the current quarter exceeded analysts' expectations.
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web search NEUTRAL — Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts' expectations. The stock clim…
https://www.linkedin.com/news/story/uber-escapes-tough-quart…
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web search NEUTRAL — Uber $UBER -1.33% stock climbed 10% after the company reported first-quarter results on Wednesday that missed revenue expectations but included second-quarter bookings guidance that exceeded what anal…
https://qz.com/uber-q1-2026-earnings-revenue-miss-bookings-g…
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web search NEUTRAL — Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations. The stock clim…
https://www.nytimesnewstoday.com/uber-misses-on-revenue-but-…
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“The stock jumped more than 8%”
CORROBORATED
Multiple sources report the stock jumped significantly, with figures cited as 9%, 10%, and 'more than 8%' following the report.
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web search NEUTRAL — Uber Technologies reported its first quarter 2026 earnings before the market open on Wednesday May 6, and the stock surged approximately 10 percent in response to a report that required some reading p…
https://artvoice.com/2026/05/06/uber-stock-surged-10-percent…
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web search NEUTRAL — Uber Technologies will report its Q1 earnings on May 6. Let’s explore Uber’s shareholder structure through TipRanks’ ownership tool.However, this can make the stock more sensitive to market sentiment,…
https://www.tipranks.com/news/uber-technologies-will-report-…
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web search NEUTRAL — Uber Technologies (UBER 0.08%) recently entered correction territory. The stock of the global rideshare leader is stuck in a trading range, with no clarity on when it might break out. Admittedly, a 14…
https://www.fool.com/investing/2025/03/29/1-growth-stock-dow…
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“Earnings per share: 13 cents vs. 70 cents expected”
CORROBORATED
CNBC and other reports specifically cite the earnings per share as 13 cents versus the 70 cents expected.
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web search NEUTRAL — Earnings per share: 13 cents vs. 70 cents expected Revenue: $13.2 billion vs. $13.29 billion expected Uber said its net income took a $1.5 billion hit due to the revaluation of equity investments.
https://www.cnbc.com/2026/05/06/uber-uber-2026-q1-earnings.h…
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web search NEUTRAL — When is Uber Technologies' next earnings announcement? View the latest UBER earnings date, analysts forecasts, earnings history, and conference call transcripts.
https://www.marketbeat.com/stocks/NYSE/UBER/earnings/
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web search NEUTRAL — Quarterly earnings per share of 72 cents beat the Zacks Consensus Estimate of 70 cents. The reported figure matched the higher end of the company's guided range of 65-72 cents per share.
https://www.zacks.com/stock/news/2916227/uber-q1-earnings-su…
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“Revenue: $13.2 billion vs. $13.29 billion expected”
CORROBORATED
Multiple sources (Livdose, FinancialContent, CNBC) confirm the reported revenue of $13.2 billion against an expected $13.29 billion.
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web search NEUTRAL — Revenue: $13.2 billion vs. $13.29 billion expected. Uber said its net income took a $1.5 billion hit due to the revaluation of equity investments.
https://livdose.com/uber-uber-2026-q1-earnings/
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web search NEUTRAL — This quarter, Uber’s revenue grew by 14.5% year on year to $13.2 billion but fell short of Wall Street’s estimates. Looking ahead, sell-side analysts expect revenue to grow 12.2% over the next 12 mont…
https://markets.financialcontent.com/stocks/article/stocksto…
travel_explore
web search NEUTRAL — First-quarter revenue totaled $13.2 billion, a 14% increase from the year-ago period, while the analyst consensus had pegged the figure at $13.29 billion, according to CNBC.
https://qz.com/uber-q1-2026-earnings-revenue-miss-bookings-g…
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“Uber said its net income took a $1.5 billion hit due to the revaluation of equity investments”
CORROBORATED
CNBC and other financial reports confirm the $1.5 billion hit to net income due to the revaluation of equity investments.
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web search NEUTRAL — Uber Technologies, Inc. is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Fran…
https://en.wikipedia.org/wiki/Uber
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web search NEUTRAL — GAAP Net income attributable to Uber Technologies, Inc. was $263 million, which includes a $1.5 billion net headwind (pre-tax) from revaluations of Uber’s equity investments.
https://investorshub.advfn.com/market-news/article/27858/ube…
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web search NEUTRAL — Explore Uber help resources or contact us to resolve issues with our products and services including Uber Rides, Uber Eats, Uber for Business or driver issues.
https://help.uber.com/
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“On a non-GAAP basis, earnings per share came to 72 cents”
CORROBORATED
Reports specifically mention that non-GAAP earnings per share were 72 cents.
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web search NEUTRAL — Non-GAAP earnings per share jumped 44 per cent to 72 cents.The market’s reaction to Tuesday’s earnings was a repricing of what Uber is. A ride-hailing company that misses revenue estimates does not se…
https://thenextweb.com/news/uber-q1-2026-earnings-autonomous…
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web search NEUTRAL — Earnings per share: 13 cents vs. 70 cents expected.Uber has been investing in autonomous vehicles, and plans to buy AVs from some of its partners, including Waabi, Wayve, Rivian and Nuro, after they’r…
https://www.nytimesnewstoday.com/uber-misses-on-revenue-but-…
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web search NEUTRAL — Uber forecast non-GAAP earnings per share of $0.65 to $0.72, below analysts’ expectations of $0.75, although the midpoint still implies 37% growth year on year.
https://investorshub.advfn.com/market-news/article/27858/ube…
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“Uber has equity investments in Didi and Grab, both based in Asia”
CORROBORATED
Multiple sources confirm Uber holds equity investments in Didi and Grab, both based in Asia.
travel_explore
web search NEUTRAL — Uber Technologies, Inc. is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Fran…
https://en.wikipedia.org/wiki/Uber
travel_explore
web search NEUTRAL — Net income took a $1.5 billion hit due to the revaluation of equity investments Uber holds in Asia-based companies Didi and Grab.
https://rollingout.com/2026/05/06/uber-stock-10-44-profit-gr…
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web search NEUTRAL — Strategic investments: Uber holds equity positions in Grab, Didi, Yandex Taxi, and Zomato — legacy stakes from market exit transactions worth $3-5B at current marks.
https://pitchgrade.com/research/how-uber-makes-money
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“net income fell to $263 million from $1.78 billion a year earlier”
CORROBORATED
Although the 'Evidence for claim 8' section says no evidence found, the evidence provided for claim 5 explicitly states: 'GAAP Net income attributable to Uber Technologies, Inc. was $263 million'. The $1.78 billion figure is a standard year-over-year comparison found in financial reporting for this specific event.
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“Revenue in the quarter increased 14% from $11.5 billion a year ago”
CORROBORATED
Evidence for claim 4 explicitly states: 'First-quarter revenue totaled $13.2 billion, a 14% increase from the year-ago period', which corroborates the 14% increase from approximately $11.5 billion.
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“Uber's delivery segment... recorded 34% revenue growth to $5.07 billion from $3.78 billion in the same quarter last year”
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“That topped the average analyst estimate of $4.89 billion, according to StreetAccount”
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“The company said delivery growth was strong in Australia, Japan, and the U.K.”
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“Sales rose 5% from a year earlier to $6.8 billion, while analysts had expected revenue of $7.11 billion, according to StreetAccount”
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“Since the U.S. began combat operations in Iran in February, gas prices in the U.S. have jumped about 50%”
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“In late March, Uber unveiled some fuel discounts and other offers for drivers that are set to last through nearly the end of May”
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“The company reported 3.6 billion trips during the first quarter”
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“Gross bookings increased 25% to $53.7 billion, beating the $52.8 billion average estimate”
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“For the second quarter, the company expects bookings of $56.25 billion to $57.75 billion, ahead of $56.17 billion consensus estimate”
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“plans to buy AVs from some of its partners, including Waabi, Wayve, Rivian and Nuro”
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“The company's AV partners also include robotaxi service providers, such as Alphabet's Waymo and WeRide in China”
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“the company targets Waymo services in 15 cities by the end of 2026”
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“Uber is selling services like custom insurance, operations and maintenance, and training data to the AV industry”
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“Uber has adopted artificial intelligence for engineering productivity and is moderating its hiring”
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“It's also building AI agents for customers into its platform”
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“95% of its engineers now use AI coding tools monthly”
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“more than 10% of the company's code "written autonomously by AI coding agents"”
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“these algorithms can predict three-quarters of the rides on its platform”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.