Uber Technologies says third-quarter gross bookings grew 20% to $59.8 billion

Uber Technologies announced its results for the quarter ended September 30, 2026, on November 4, 2026. Trips grew 16% to 4.1 billion, and monthly active platform consumers rose 14%. Revenue grew 10% to $14.8 billion, and the company said business model changes reduced total revenue growth by 8 percentage points.

GAAP income from operations grew 30% to $1.4 billion, and non-GAAP operating income grew 38% to $2.3 billion. Adjusted EBITDA grew 31% to $3.0 billion. GAAP net income attributable to Uber Technologies was $512 million, including a $476 million pre-tax net loss from revaluations of its equity investments. GAAP diluted EPS was $0.25, and non-GAAP EPS was $0.88, up 35%.

Uber Technologies said it anticipates fourth-quarter 2026 gross bookings of $63.25 billion to $65.25 billion, growth of 18% to 22% year over year on a constant currency basis. The company said its outlook assumes a currency headwind of roughly 1 percentage point to total reported year-over-year growth. It also said it expects non-GAAP EPS of $0.95 to $0.99, growth of 34% to 39%, and adjusted EBITDA of $3.13 billion to $3.23 billion.

Chief Executive Officer Dara Khosrowshahi said the company expects approximately 700 fully driverless vehicles on Uber by year-end and over 2,000 in 2027.

Net cash provided by operating activities was $2.6 billion, and free cash flow was $2.5 billion. Unrestricted cash, cash equivalents and short-term investments were $10.1 billion at the end of the quarter.