Uber Technologies reported its third-quarter 2026 financial results on November 4, showing revenue of $14.77 billion and gross bookings of $59.82 billion. The ride-hailing and delivery company also reported adjusted earnings of $0.88 per share, reflecting continued growth in customer activity. However, Uber stock came into focus after the company issued a fourth-quarter profit forecast below analysts’ expectations, raising questions about its earnings outlook despite stronger business activity.
Uber Technologies trades on the New York Stock Exchange under the ticker symbol UBER. According to its November 3, 2026, historical closing price, shares finished that trading session at $66.60, compared with $66.71 on November 2. This figure represents Uber’s closing share price before its November 4 earnings announcement and should not be confused with the stock’s reaction after the results were released.
Uber reported third-quarter revenue of approximately $14.77 billion, representing a 10% increase from the same period in 2025. Revenue growth slowed from 12% in the previous quarter. However, Uber said changes in its business model reduced reported annual revenue growth by approximately eight percentage points. This is an important distinction because slower reported revenue growth does not necessarily mean customers are using Uber less frequently. Gross bookings and total trips continued to increase, showing that demand for its services remained strong.
According to Uber’s third-quarter 2026 earnings information, the company’s gross bookings reached approximately $59.82 billion, representing 20% growth from the previous year. Gross bookings include the total value of passenger rides, delivery orders, and freight activity, including applicable taxes and fees. This figure is different from Uber’s reported revenue because it measures the broader value of services booked through its platform. The increase shows that customer spending on Uber’s services continued growing even as reported revenue growth slowed.
Uber reported non-GAAP earnings of $0.88 per share, an increase of 35% from the previous year. Under generally accepted accounting principles (GAAP), its diluted earnings were $0.25 per share, while net income attributable to Uber was $512 million. This compared with approximately $6.63 billion in net income during the third quarter of 2025. The earlier period included a $4.9 billion tax-related benefit and approximately $1.5 billion in gains from investment revaluations. By comparison, the latest quarter included a $476 million pre-tax loss from investment revaluations. These unusual items help explain why reported net income fell sharply even though Uber’s underlying operations continued to grow.
Customer activity remained strong during the quarter. Uber completed approximately 4.06 billion trips, an increase of 16% compared with the same period last year. Its monthly active platform users also increased by 14% to around 215 million. These figures suggest that Uber continues to attract more customers through its mobile applications.
Uber Eats remained an important part of the company’s growth, with delivery gross bookings rising 22% to approximately $28.54 billion. Mobility gross bookings, which mainly include passenger transportation, increased 18% to $29.51 billion. However, Mobility revenue declined 2% to approximately $7.52 billion, highlighting the difference between customer spending on the platform and revenue recognized by Uber. The company’s Freight business also recorded 35% growth in gross bookings, reaching approximately $1.77 billion. These results show that Uber’s transportation, delivery, and logistics businesses continued expanding, although their reported revenue trends differed.
Looking ahead, Uber expects fourth-quarter gross bookings of between $63.25 billion and $65.25 billion. The company also forecasts non-GAAP earnings of $0.95 to $0.99 per share. However, its EPS outlook fell below analysts’ estimate of $1.06, making the profit forecast an important concern for investors. Uber also expects adjusted EBITDA of approximately $3.13 billion to $3.23 billion, indicating that management continues to anticipate substantial underlying earnings despite the weaker-than-expected per-share forecast.
Another important factor affecting Uber stock is the company’s expansion of robotaxi services. Robotaxis are autonomous vehicles designed to transport passengers without human drivers under supported operating conditions. Uber expects approximately 700 fully driverless vehicles to operate through its platform by the end of 2026, with more than 2,000 targeted during 2027. These figures represent the company’s planned expansion rather than confirmed vehicle totals, and their progress will depend on successful commercial deployment.
Uber’s driverless transportation strategy relies heavily on partnerships with companies developing autonomous vehicles. These services could eventually increase ride availability and improve how passengers book transportation, although commercial launches may involve significant investment and regulatory requirements. Other companies are also expanding autonomous transportation services. TechBonafide previously covered Waymo’s plans for driverless taxis in London, highlighting the broader industry effort to introduce commercial driverless transportation.
Uber also faces challenges related to rising fuel costs, limited driver availability, and competition across international markets. The company said these pressures affected passenger transportation growth in several regions, leading to additional spending on driver recruitment and retention. Separately, Uber announced a major corporate restructuring in September 2026, as detailed in TechBonafide’s report on Uber’s 3,300 job cuts. These corporate staffing reductions are different from the supply of independent drivers available for passenger trips. Both developments highlight how Uber is balancing operating costs with its plans for long-term expansion.
Uber’s third-quarter results show continued growth in customer activity, bookings, and adjusted earnings. However, its fourth-quarter profit forecast, driver availability challenges, and spending on autonomous transportation create a mixed outlook for investors. Future stock performance will depend partly on whether Uber can maintain strong demand, improve profitability, and expand its driverless transportation partnerships without placing excessive pressure on costs.
