{
  "id": 172266,
  "title": "Uber issues weaker-than-expected bookings, earnings forecasts for third quarter",
  "url": "https://urgent.news/2026/08/05/uber-issues-weaker-than-expected-bookings-earnings-forecasts-for-172266",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-05T11:48:52.000Z",
  "source": {
    "name": "CNBC Technology",
    "slug": "cnbc-technology",
    "url": "https://www.cnbc.com/2026/08/05/uber-stock-q2-2026-earnings.html"
  },
  "original_language": "en",
  "account": "Uber's latest earnings report disappointed analysts, with bookings and profit forecasts falling short of estimates. Revenue rose 12% to $12.65 billion, while net income expanded to $2.39 billion, or $1.17 per share, from $1.35 billion, or 63 cents per share, a year earlier. Core mobility service sales accounted for $7.36 billion, while delivery revenue hit $5.25 billion. Core mobility gross bookings climbed 22% to $28.99 billion, and delivery bookings increased 26% to $27.46 billion. Total bookings totaled $58 billion, surpassing the average analyst estimate of $57.23 billion. For the third quarter, Uber anticipates bookings of $59.25 billion within its projected range, slightly below the average StreetAccount estimate of $59.33 billion. The company's EPS forecast of $0.84 to $0.88 fell short of the 89-cent average estimate, according to LSEG. Uber's stock has declined 12% this year, while the Nasdaq has climbed 14% over the same period. The company is expanding its delivery services and recently secured a $14.8 billion acquisition of Germany's Delivery Hero, broadening its reach in food and grocery delivery markets. CEO Dara Khosrowshahi attributed the strong Q2 performance to the World Cup, which saw over 8 million tourists take rides in the U.S., Canada, and Mexico. Uber is investing heavily in autonomous vehicles, committing more than $10 billion over the next few years to bring self-driving cars to market. However, Uber's autonomous venture, Waymo, is distancing itself, with an exclusive agreement ending in Atlanta and Austin by early 2028. Uber is set to host a conference call with analysts at 8 a.m. ET.",
  "summary": "Uber's earnings were in line with estimates, but the company's guidance for the third quarter trailed expectations.",
  "key_points": [
    "Uber's bookings and earnings forecasts weaker than expected",
    "Revenue rose 12% to $12.65 billion, net income expanded to $2.39 billion",
    "Core mobility gross bookings climbed 22% to $28.99 billion"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/172266.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC World",
        "title": "Uber issues weaker-than-expected bookings, earnings forecasts for third quarter",
        "url": "https://urgent.news/2026/08/05/uber-issues-weaker-than-expected-bookings-earnings-forecasts-for-172217",
        "published": "2026-08-05T11:48:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}