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Uber reports strong Q3 growth amid AV challenges and expanding partnerships with Costco and Amazon

Company Fundamentals
10 Nov 2026, 22:22 WIB
Seeking Alpha
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Bullish
Uber reports strong Q3 growth amid AV challenges and expanding partnerships with Costco and Amazon

Uber's Q3 FY26 results showed robust growth with a 20% increase in gross bookings and a 38% rise in non-GAAP EBIT, supported by share buybacks boosting EPS. The company is advancing its autonomous vehicle (AV) strategy through partnerships to address driver shortages and secure long-term growth. Uber's premium services and expanded grocery and retail partnerships, including with Costco and Amazon, are driving higher-margin revenue and diversification. However, competition intensifies as Waymo rapidly expands its AV presence and ends key partnerships with Uber, posing execution risks.

As of Nov 11, 2026 03:41 WIB, Uber Technologies Inc trades at USD 69.76 on Pluang, down 1.98% for the day. The stock shows active interest with a volume of 19,047,727 and a market cap of $145.32 billion. Despite recent growth and strategic moves, investor sentiment appears cautious with 42% of Pluang orders to sell and 58% to buy.

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