Uber shares surge after Q1 earnings beat and strong bookings growth

Fiona Craig

Wed, May 6, 2026 astatine 8:34 AM CDT 1 min read

Uber (NYSE:UBER) roseate sharply successful premarket trading connected Wednesday aft the proscription and transportation level reported first-quarter net that exceeded Wall Street expectations.

The institution posted net per stock of $0.72, up of expert forecasts of $0.70.

Revenue accrued 10% twelvemonth implicit twelvemonth connected a constant-currency ground to $13.2 billion, though the fig came successful somewhat beneath the Wall Street statement estimation of $13.31 billion.

Gross bookings present beardown maturation

Uber reported a 21% summation successful gross bookings connected a constant-currency ground during the quarter.

Gross bookings, which measurement full user spending crossed the company’s ride-hailing and transportation platform, stay 1 of the astir intimately watched indicators of request and level activity.

The beardown maturation highlighted continued momentum crossed Uber’s halfway businesses contempt broader macroeconomic uncertainty.

Shares leap successful premarket trading

Investors reacted positively to the net release, sending Uber shares much than 9% higher successful premarket trading by 07:21 ET.

The rally reflected capitalist assurance successful the company’s ongoing maturation trajectory and coagulated operational show during the quarter.

Uber Technologies banal price