Uber Technologies, Inc. Q3 2026 Earnings Recap

Uber shares rose 4.9% after earnings, with investors responding to 20%+ gross bookings growth for a fifth consecutive quarter, 35% non-GAAP EPS growth, and record free cash flow. The main caveat was Mobility, which fell short of management’s expectations because driver supply lagged demand in several international markets.

Key Takeaways

• Monthly active platform consumers reached 215 million; management said they were using Uber more frequently than ever.
• Gross bookings grew more than 20% year over year for the fifth consecutive quarter; non-GAAP EPS grew 35%.
• Trailing 12-month free cash flow hit a record $10.4 billion.
• Delivery gross bookings rose 23% year over year, with organic growth accelerating.
• Mobility growth was below expectations amid driver-supply constraints; Uber said it saw improvement in October and is making targeted investments to improve availability.