Uber Technologies (NYSE:UBER) Trading Up 3.4% on Earnings Beat

Key Points

• Uber shares rose 3.4% after the company reported quarterly EPS of $0.81, slightly above the $0.80 consensus estimate. Revenue increased 12.2% year over year to $14.19 billion, though it fell short of analysts’ $14.24 billion forecast.
• Underlying operations remained strong: gross bookings climbed 24% to approximately $58 billion, trips rose 18% to 3.9 billion, and adjusted EBITDA increased 33% to $2.8 billion. Uber also reported trailing 12-month free cash flow above $10 billion.
• Investors face a mixed outlook as Q3 adjusted EPS guidance of $0.84–$0.88 trails consensus, while planned investments exceeding $10 billion in autonomous vehicles and acquisitions raise capital-allocation concerns. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $104.25.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was up 3.4% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $71.37 and last traded at $70.5120. Approximately 31,009,089 shares changed hands during trading, an increase of 59% from the average session volume of 19,538,100 shares. The stock had previously closed at $68.18.

The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Strong Q2 operating performance: Gross bookings rose 24% to approximately $58.0 billion, trips increased 18% to 3.9 billion, and monthly active platform consumers grew 16% to 208 million. Adjusted EBITDA increased 33% year over year to $2.8 billion, while trailing 12-month free cash flow exceeded $10 billion. Uber Q2 Revenue Rises 12% as GAAP Diluted EPS Hits $1.17
• Positive Sentiment: Autonomous-vehicle progress: Transport for London granted licenses for Wayve vehicles to conduct supervised private-hire rides, moving Uber closer to launching autonomous services in London. Uber is also pursuing a major robotaxi deployment with Rivian and expects autonomy to broaden its platform over time. Wayve and Uber Move a Step Closer to Autonomous Rides in London
• Positive Sentiment: Analyst support remains favorable: Guggenheim, Needham and Bernstein maintained positive ratings, while Guggenheim set a $125 target and Needham set a $109 target. Bank of America kept a Buy rating and raised earnings estimates despite reducing its target to $101. Uber price target lowered by Bank of America despite higher earnings outlook
• Neutral Sentiment: Delivery and platform expansion: Delivery growth, hotel booking and potential drone-delivery initiatives could increase cross-platform engagement, but these businesses remain longer-term opportunities rather than immediate earnings drivers.
• Negative Sentiment: Soft Q3 outlook: Uber forecast adjusted EPS of $0.84–$0.88, below the roughly $0.89–$0.91 analyst consensus, while bookings guidance was around expectations and foreign-exchange pressure is expected to restrain growth. Uber issues weaker-than-expected bookings and earnings forecasts
• Negative Sentiment: Capital-allocation concerns: Management plans to invest more than $10 billion in autonomous vehicles while pursuing acquisitions, including the proposed Delivery Hero transaction. Investors are concerned that capital-intensive robotaxi expansion could pressure Uber’s historically asset-light model and near-term profitability.
• Negative Sentiment: Competitive pressure: Uber cited slower trips in Brazil amid stronger local competition, while Waymo’s potential move toward its own ride-hailing app and DoorDash’s drone-delivery efforts add uncertainty to Uber’s long-term competitive position.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup reissued a "market outperform" rating on shares of Uber Technologies in a report on Monday, June 22nd. Guggenheim reaffirmed a "buy" rating and set a $125.00 price objective on shares of Uber Technologies in a research note on Thursday. DA Davidson set a $100.00 target price on Uber Technologies in a report on Thursday. US Capital Advisors set a $95.00 target price on Uber Technologies in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Uber Technologies in the 4th quarter valued at $2,515,094,000. Marshall Wace LLP boosted its stake in shares of Uber Technologies by 1,462.2% during the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company's stock worth $546,919,000 after buying an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company's stock worth $776,883,000 after buying an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board bought a new position in shares of Uber Technologies in the 4th quarter valued at about $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in shares of Uber Technologies in the 1st quarter valued at about $222,983,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 3.4%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $71.78 and a 200-day moving average of $73.82. The firm has a market cap of $143.53 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 6.58 and a beta of 1.13.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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