Uber Technologies, Inc. reported strong gross bookings growth and higher operating income for the quarter ending in late 2026, driven by rising trips and active users, while outlining plans to expand its driverless vehicle fleet.
Gross bookings at Uber Technologies, Inc. (NYSE:UBER) grew at a strong double-digit pace for another consecutive quarter, according to financial results issued by the company. Revenue grew more slowly at a low double-digit pace, while adjusted EBITDA increased sharply and margin as a share of gross bookings expanded.
Non-GAAP earnings per share rose strongly but came in slightly below analyst expectations. GAAP net income was reduced by losses on the revaluation of equity investments.
Both of Uber’s main segments expanded significantly during the period. Mobility gross bookings grew at a healthy pace driven by an increase in completed trips, while Delivery grew even faster and approached the scale of the Mobility business. Uber Freight also posted strong bookings growth.
Monthly active platform consumers grew at a double-digit pace, with each user taking slightly more trips per month. Membership programs and the combination of rides and delivery options contributed to user engagement.
Uber outlined plans to expand its fleet of fully driverless vehicles on its platform through partnerships with autonomous vehicle companies rather than building proprietary self-driving cars. Management said that its current focus is on commercial execution.
A growing number of fully driverless vehicles are expected on the platform by year-end, with additional scale planned for next year. Uber already offers autonomous rides in select markets in the United States, the United Kingdom, and Dubai.
“This partnership approach allows Uber to offer autonomous rides without bearing the full cost of developing the technology,” the company stated regarding its strategic pivot.
Alongside its financial results, Uber announced that its president will leave the company. Management emphasized that its core strategy remains unchanged despite the departure.
For the fourth quarter, Uber guided gross bookings to grow at a similar strong pace. Adjusted EBITDA and non-GAAP earnings per share are expected to rise substantially from the prior-year period, supported by record free cash flow generation over the past year.
