Uber Bookings Hit $59.8 Billion as Trips Reach 4.1 Billion

Uber Technologies reported third quarter results on Wednesday, November 4, 2026, for the three months ended September 30. Gross bookings rose 20 percent from a year earlier to $59.819 billion. It was the fifth straight quarter with bookings growth of at least 20 percent.

Revenue rose 10 percent to $14.766 billion. Riders and customers completed 4.061 billion trips in the quarter, up 16 percent, and monthly active platform consumers reached 215 million, up 14 percent.

Profit grew faster than sales. Non-GAAP operating income rose 38 percent to $2.304 billion, and adjusted EBITDA rose 31 percent to $2.963 billion. Non-GAAP earnings per share rose 35 percent to $0.88, above the $0.86 analysts expected. GAAP net income was $512 million, or $0.25 a share, after a $476 million pretax loss from investment revaluations. GAAP operating income rose about 30 percent to roughly $1.4 billion.

Three businesses, three speeds

Mobility bookings rose 18 percent to $29.512 billion, but mobility revenue fell 2 percent to $7.520 billion. Uber said business model changes cut total revenue growth by 8 percentage points. Delivery bookings rose 22 percent to $28.539 billion, and delivery revenue rose 23 percent to $5.488 billion. Freight bookings rose 35 percent to $1.768 billion, and freight revenue rose 34 percent to $1.758 billion.

Where the profit came from

Segment results show the same split. Mobility operating profit rose 27 percent to $2.362 billion, and delivery operating profit rose 30 percent to $1.057 billion. Freight stayed in the red, with an operating loss of $33 million, but that loss narrowed as freight bookings grew 35 percent. Uber generated $2.6 billion in operating cash flow in the quarter and $2.5 billion in free cash flow, according to the company's release. The gap between the GAAP and non-GAAP lines is the quarter's main caution: legal, tax and regulatory charges, together with the investment revaluation loss, sit between the two sets of numbers, and the company does not hide them.

Guidance lands below forecasts

For the fourth quarter, Uber expects gross bookings of $63.25 billion to $65.25 billion, growth of 18 to 22 percent in constant currency. It expects non-GAAP earnings of $0.95 to $0.99 a share, below the $1.06 average analyst estimate, and adjusted EBITDA of $3.13 billion to $3.23 billion. The company said the Middle East conflict cut about 75 basis points from mobility bookings growth in the third quarter, and it expects a drag of about 100 basis points in the fourth quarter.

Uber also said it plans to have about 700 fully driverless vehicles on its platform by the end of 2026, rising to more than 2,000 in 2027. In a separate filing the same day, the company said President and Chief Corporate Affairs Officer Jill Hazelbaker will step down on November 30, 2026. Uber shares were up 6.17 percent in Wednesday trading, according to a StockTitan market summary.