Uber reported a 14% revenue increase to $13.2 billion in Q1, slightly below analyst estimates, while gross bookings rose 25% to $53.7 billion, beating forecasts. The delivery segment grew 34%, outperforming expectations, but ride-hailing revenue rose only 5%, missing estimates due to challenges like rising gas prices and geopolitical tensions. Uber's net income fell sharply to $263 million due to a $1.5 billion hit from revaluing equity investments. For Q2, Uber expects gross bookings between $56.25 billion and $57.75 billion, exceeding analyst projections, signaling continued growth despite macroeconomic headwinds.
Uber Technologies reported a 21% year-over-year increase in gross bookings and a 42% rise in non-GAAP operating income for Q1 2026, alongside $2.28 billion in free cash flow. The company now has over 50 million Uber One members and projects 18-22% gr...
Uber's chief product officer Sachin Kansal shared the company's vision to grow beyond ride-hailing into travel planning, hotels, AI-powered shopping, and autonomous vehicles. Uber aims to create a hybrid network combining human drivers and robotaxis,...
Zipline, a drone delivery startup, is rapidly expanding its U.S. operations by hiring former Tesla, Uber Eats, and Waymo executives to scale its business. The company now completes one drone delivery every 20 seconds and has surpassed 2.5 million com...
Uber Technologies is reportedly in advanced talks to acquire Delivery Hero, a major German food-delivery company, aiming to finalize the deal soon. Uber already owns about 25% of Delivery Hero's shares and holds additional derivatives, giving it near...
Uber is broadening its services beyond ride-hailing and food delivery to include hotel bookings, boat rentals, and shopping features, aiming to become a travel-focused platform. It is also developing financial products for drivers and merchants, such...
