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Uber stock rose in pre-market trading on Wednesday after the company reported higher first-quarter bookings, trips, users, and adjusted profit. The ride-hailing and delivery platform also gave a stronger second-quarter outlook, even as revenue came in slightly below Wall Street estimates. The results showed steady demand across mobility, delivery, premium rides, business travel, and new travel services.
Uber reported first-quarter gross bookings of $53.72 billion, above analysts’ estimates of $52.9 billion. The figure also came above the company’s guidance range of $52 billion to $53.5 billion. Gross bookings rose 25% from a year earlier, while constant-currency growth stayed above 21%.
Trips rose 20% year over year to 3.6 billion. Monthly Active Platform Consumers increased 17% to 199 million, adding 29 million users from the prior year.
Uber shares jumped about 9% in pre-market trading after the report. Traders reacted to stronger bookings, adjusted profit, and guidance.
Uber posted first-quarter revenue of $13.20 billion. This was slightly below the Bloomberg consensus estimate of $13.33 billion. However, revenue still rose about 14% from a year earlier, supported by higher trip volumes and user growth.
Adjusted earnings per share came in at $0.72. This topped estimates of $0.71 in one consensus and $0.69 in another. Adjusted EBITDA reached $2.48 billion, above estimates of about $2.43 billion to $2.44 billion.
Operating margin reached 14.6%, compared with 10.6% in the same period last year. Free cash flow margin stood at 17.3%, down from 19.5% in the prior quarter.
Chief Executive Dara Khosrowshahi said Uber started 2026 with strong results despite a difficult operating setting. He cited weather disruptions, geopolitical tensions, and gas price volatility as factors affecting the quarter.
“Uber is off to an exceptional start in 2026, with gross bookings and non-GAAP EPS at or above the high end of our guidance, despite a complex macro backdrop marked by weather disruptions, geopolitical tensions, and gas price volatility,” Khosrowshahi said.
Chief Financial Officer Balaji Krishnamurthy also pointed to bookings growth and earnings scale. “We are off to an exceptional start to 2026, with Gross Bookings growth exceeding 21% for the third consecutive quarter and earnings scaling at more than twice our topline,” he said.
For the second quarter, Uber expects gross bookings of $56.25 billion to $57.75 billion. The range points to 18% year-over-year growth. The company also forecast adjusted EPS of $0.78 to $0.82 and adjusted EBITDA of $2.70 billion to $2.80 billion.
Uber also reported growth in premium services. Khosrowshahi said Uber for Business grew more than twice as fast as Mobility overall. The company also introduced Uber Elite, a higher-end ride service for executives and frequent travelers.
Besides ride-hailing and delivery, Uber is expanding into autonomous vehicles and travel. It launched Uber Autonomous Solutions to support partners building AV fleets. The company also increased its Lucid commitment to $500 million.
Moreover, Uber added hotel booking through Expedia, giving users access to more than 700,000 properties. Uber One members can earn 10% back in credits and get hotel discounts.
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