Uber Technologies stock weighs strong bookings against GAAP decline

Uber Technologies reported third-quarter results for the period ended September 30, 2026, on Wednesday, November 4. In its Business Wire release, the company said Gross Bookings increased 20 percent year over year to 59.819 billion US dollars.

Bookings set another quarterly record

Trips climbed 16 percent to 4.061 billion, while Monthly Active Platform Consumers rose 14 percent to 215 million. Uber said the quarter marked its fifth consecutive period with Gross Bookings growth of at least 20 percent.

Growth varied by business line. Mobility Gross Bookings rose 18 percent to 29.512 billion US dollars, Delivery Gross Bookings gained 22 percent to 28.539 billion US dollars and Freight Gross Bookings advanced 35 percent to 1.768 billion US dollars. Mobility revenue declined 2 percent to 7.520 billion US dollars, while Delivery revenue increased 23 percent and Freight revenue gained 34 percent.

Adjusted profit contrasts with GAAP

Adjusted EBITDA rose 31 percent to 2.963 billion US dollars, and Non-GAAP Operating Income increased 38 percent to 2.304 billion US dollars. Non-GAAP earnings per share advanced 35 percent to 0.88 US dollars.

GAAP net income attributable to Uber fell to 512 million US dollars from 6.626 billion US dollars in the prior-year quarter. The comparison was affected by a 4.9 billion US dollar tax valuation benefit and a 1.5 billion US dollar investment revaluation gain in the prior-year period. Uber recorded a 476 million US dollar pretax loss from investment revaluations in the latest quarter.

Q4 outlook keeps scale in focus

Uber expects fourth-quarter Gross Bookings of 63.25 billion to 65.25 billion US dollars, representing constant-currency growth of 18 percent to 22 percent. The company forecasts Non-GAAP earnings per share of 0.95 to 0.99 US dollars and Adjusted EBITDA of 3.13 billion to 3.23 billion US dollars.

Chief Executive Dara Khosrowshahi said Uber expects approximately 700 fully driverless vehicles on its platform by year-end and more than 2,000 in 2027. Chief Financial Officer Balaji Krishnamurthy cited record Non-GAAP Operating Income margins of 3.9 percent of Gross Bookings.

The real-time quote of Uber Technologies stock was 63.77 euros on Lang & Schwarz at 17:38 CET on Wednesday, November 4, 2026.

The S&P 500 market environment remains relevant for US-listed technology and platform stocks.

More news and analyses on Uber Technologies stock will track the Q4 bookings range, adjusted profitability and the pace of autonomous deployment.