Earnings · $UBER
Uber Heads Into Third-Quarter Report With Gross Bookings Guidance of Up to $60.25 Billion in Focus
Image: ChiemSeherin via Pixabay
The ride-hailing and delivery company holds its earnings call at 8 a.m. ET, with robotaxi spending and buybacks among the themes.
By Noris Ortiz ·
Uber Technologies is scheduled to discuss third-quarter 2026 results on Wednesday, with its conference call set for 8:00 a.m. ET, the company said in an announcement published on October 5 [1]. The report arrives on a day when US stock futures are recovering from overnight swings tied to the midterm elections.
The benchmark investors will measure against is the company's own outlook. When Uber reported second-quarter results on August 5, it guided to third-quarter gross bookings of $58.25 billion to $60.25 billion, equal to growth of 18% to 22% on a constant-currency basis. It also forecast adjusted EBITDA of $2.86 billion to $2.96 billion [2].
That guidance followed a strong second quarter. Gross bookings were $58.0 billion, up 24% from a year earlier, or 22% in constant currency. Revenue was $14.2 billion, up 12%, and adjusted EBITDA was $2.82 billion, up 33%. Free cash flow was $2.79 billion, up 13% [2]. A third quarter that lands inside the guided range would indicate that growth is staying near the pace seen earlier in the year.
Capital returns are another focus. Uber repurchased $518 million of its stock in the second quarter, compared with $1.36 billion in the same quarter of 2025, and $3.53 billion over the first six months of 2026. Diluted weighted-average shares fell to about 2.05 billion in the second quarter from about 2.13 billion a year earlier. The company's chief financial officer said in the release that Uber is "continuing to reduce our share count" [2]. A slower pace of buybacks in the quarter would draw attention to how management balances repurchases against investment.
A preview published by Barchart and syndicated by Yahoo Finance put analyst consensus revenue at about $14.7 billion for the quarter. The preview also pointed to autonomous vehicles as a central storyline, saying management has discussed multiyear partnership commitments of more than $10 billion and a goal of operating in 15 cities by the end of 2026, up from seven. Barchart listed higher fuel costs, tariff pressure and geopolitical tension as possible headwinds [3]. Those figures are the preview's characterization, not Uber's guidance.
For markets, the report is one of several corporate updates arriving as investors weigh how the Democratic win in Congress and elevated Treasury yields affect valuations. The Associated Press reported earlier Wednesday that the 10-year Treasury yield had risen to 4.96% and that Brent crude stood near $103.84 a barrel, both of which can influence consumer-facing companies through borrowing costs and fuel prices [4].
What to watch next: whether third-quarter gross bookings and adjusted EBITDA fall within the ranges given in August, any change to the fourth-quarter outlook, comments on the pace of autonomous vehicle deployment and related spending, and the size of share repurchases disclosed alongside the results.
Sources:
[1] Uber Technologies via Nasdaq, "Uber Announces Date of Third Quarter 2026 Results Conference Call", October 5, 2026. https://www.nasdaq.com/press-release/uber-announces-date-third-quarter-2026-results-conference-call-2026-10-05
[2] Uber Technologies, Form 8-K earnings press release for the second quarter of 2026, August 5, 2026. https://www.sec.gov/Archives/edgar/data/0001543151/000154315126000027/uberq226earningspressrelea.htm
[3] Barchart via Yahoo Finance, "Dear Uber Stock Fans, Mark Your Calendars for November 4", November 3, 2026. https://finance.yahoo.com/markets/stocks/articles/dear-uber-stock-fans-mark-214516792.html
[4] Associated Press, "Asian shares and US futures are mixed as Democrats gain majorities in both the US House and Senate" (via KSAT), November 4, 2026. https://www.ksat.com/business/2026/11/04/asian-shares-and-us-futures-are-mixed-as-democrats-gain-majorities-in-both-the-us-house-and-senate/
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.