$Uber Tech(UBER.US) +7% as 3Q results topped reduced expectations; 4Q guidance bracketed sell side expectations; movin…

$Uber Tech(UBER.US) +7% as 3Q results topped reduced expectations; 4Q guidance bracketed sell side expectations; moving full speed ahead to develop autonomous ride options

By Robert Lavelle and Ryan Vlastelica

11/04/2026 07:38:23

(Bloomberg) -- Uber Technologies shares are up 0.7% in premarket trading after the rideshare company’s results came in above subdued expectations.

FOURTH QUARTER FORECAST

- Gross bookings $63.25B -$65.25B, vs $64.3B guidance

- Adj EPS 95c to 99c vs 98c est

- Adj Ebitda $3.13B - $3.23B vs $3.15B est

THIRD QUARTER RESULTS

- Gross bookings $59.82B, +20% y/y, vs $59.79B est

- Revs $14.77B, +9.6% y/y, vs $14.65B est

- Adj Ebitda $2.96B, +31% y/y, vs $2.93B est

- Adj net income $1.8B vs $1.78B est

- Adj EPS 88c, vs 87c est

- Trips 4.06B, +16% y/y, vs 4.12B est

- Monthly active platform consumers 215M, +14% y/y, vs 215.27M est

- Mobility bookings $29.51B, +18% y/y, vs $29.88B est.

- Delivery bookings $28.54B, +22% y/y, s $28.41B est.

- Freight bookings $1.77B, +35% y/y, bs $1.48B est

COMMENTARY AND CONTEXT

•CEO says, “Our focus on autonomous is now on commercial execution, with approximately 700 fully driverless vehicles expected on Uber by year-end and over 2,000 in 2027”

•“We expect to scale autonomous deployments signifi cantly, deploying over 2,000 fully driverless vehicles on Uber by the end of 2027, roughly half in the U.S. and half internationally,” CEO says

•CEO says, “We expect to begin fully driverless testing with Nuro and Lucid this quarter, ahead of a commercial launch in the Bay Area in Q1 2027 that will operate fully driverless from day one”

•“We also expect further driverless deployments with Avride in 2027, with supervised NVIDIA and Rivian deployments beginning in 2027 and 2028, respectively, before transitioning to fully driverless operations,” CEO says