Uber Cashes in on 8 Million World Cup Travelers, but Guidance Sours the Party

Uber Technologies Inc. (NYSE: UBER ) stock fell in premarket trading Wednesday after the ride-hailing and delivery company reported second-quarter 2026 results that largely met expectations but offered third-quarter earnings guidance below Wall Street forecasts.

Second-Quarter Results Uber reported revenue of $14.19 billion for the quarter, up 12% from a year earlier but slightly below the analyst consensus estimate of $14.24 billion.

Adjusted earnings were 81 cents per share, matching analysts’ expectations.

Gross bookings increased 24% year over year to $58.02 billion, or 22% on a constant-currency basis.

Trips, Users And Profitability Improve Trips rose 18% year over year to 3.87 billion, while monthly active platform consumers increased 16% to 208 million.

GAAP income from operations increased 30% to $1.89 billion.

GAAP net income attributable to Uber rose 30% to $2.39 billion.

Adjusted EBITDA climbed 33% to $2.82 billion.

Delivery, Freight Lead Segment Growth Mobility revenue increased 1% to $7.36 billion.

Delivery revenue rose 28% to $5.25 billion, while Freight revenue increased 26% to $1.58 billion.

Mobility gross bookings climbed 22% to $28.99 billion.

Delivery gross bookings increased 26% to $27.46 billion, and Freight gross bookings rose 25% to $1.57 billion.

Uber continued to expand beyond its core ride-hailing business through investments in food delivery and autonomous vehicles.

The company recently agreed to acquire Germany-based Delivery Hero in a $14.8 billion deal, expanding its food and grocery delivery business across additional markets.

CEO Dara Khosrowshahi said the FIFA World Cup boosted ride demand during the quarter, with more than 8 million tourists using Uber across host cities in the United States, Canada and Mexico.

Uber also said it plans to invest more than $10 billion over the coming years to scale autonomous vehicles.

Khosrowshahi said the company is well positioned as the industry shifts from testing autonomous technology to commercial deployment.

The company said its partner, U.K.-based robotaxi developer Wayve, received Private Hire Vehicle licenses from Transport for London, clearing another milestone toward launching autonomous rides in London.

More than 100,000 people have signed up to be among the first riders.

Buybacks, Cash Flow And Outlook Uber repurchased about $518 million of its shares during the quarter and generated $2.79 billion in free cash flow.

The company said trailing 12-month free cash flow exceeded $10 billion for the first time.

For the third quarter, Uber expects gross bookings of $58.25 billion to $60.25 billion, representing constant-currency growth of 18% to 22%.

The company forecast adjusted earnings of 84 cents to 88 cents per share, below the analyst consensus estimate of 89 cents.

UBER Price Action: Uber Technologies shares were down 2.57% at $70.14 during premarket trading on Wednesday, according to Pro data.

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