Uber Revenue Rises 10% as Bookings and Trips Climb, Despite Unit Misses

WHO:

CNBC - Uber reported its third-quarter financial results.

Techmeme - Uber plans to expand its autonomous fleet; rival Waymo is also identified as a robotaxi operator.

WHAT:

CNBC - Revenue was $14.77 billion, versus analysts’ estimate of $14.69 billion, and rose 10% from $13.47 billion a year earlier.

CNBC - Earnings per share were 25 cents, compared with the 96 cents analysts expected.

CNBC - Net income was $512 million, down 92% from a year earlier, when Uber received a $4.9 billion benefit from a tax valuation release.

CNBC - Mobility revenue fell 2% to $7.52 billion, below the $7.71 billion average estimate.

CNBC - Delivery revenue rose 23% to $5.49 billion, below the $5.51 billion average estimate.

CNBC - Total bookings were $59.82 billion, approximately matching the $59.83 billion average analyst estimate.

CNBC - Freight sales jumped 34% to $1.76 billion, exceeding the StreetAccount consensus estimate of $1.49 billion; CNBC attributed Uber’s revenue beat to freight growth.

Techmeme - Gross bookings increased 20% year over year to $59.8 billion, and trips increased 16% to 4 billion.

Techmeme - Uber aims to have more than 2,000 robotaxis on the road by the end of next year; the planned fleet would still be smaller than Waymo’s.

WHEN:

CNBC - The financial results cover the third quarter.

Techmeme - Uber’s robotaxi fleet target is for the end of next year.

WHY:

CNBC - Net income was lower than a year earlier in part because the prior-year comparison included a $4.9 billion tax valuation release benefit.

CNBC - Freight growth drove the revenue result above analysts’ estimate.

(UPDATED November 4, 2026 16:02 UTC)

Uber’s third-quarter revenue topped expectations, lifted by a 34% jump in freight sales. Earnings per share missed forecasts, while net income fell sharply against a tax-fueled comparison. Uber plans more than 2,000 robotaxis by year-end next year, still fewer than Waymo’s.