Uber posts $14.19B in quarterly revenue, up 12% as robotaxi push builds
What's the deal? Uber TechnologiesDealroom has a profile for this one. Try Dealroom → reported $14.19 billion in revenue for the quarter ending August 5, up 12.2% year-over-year. Earnings came in at $0.81 per share, narrowly beating the $0.80 consensus, though revenue fell just short of the $14.24 billion analysts expected.
The numbers: The ride-sharing company posted a return on equity of 43.36% and a net margin of 17.34%. Its shares opened at $75.75 on Friday, giving Uber a market capitalisation of $154.72 billion and a price-to-earnings ratio of 16.65.
What's next? Uber set Q3 2026 guidance at $0.84 to $0.88 per share. Analysts expect the company to post $3.39 in earnings per share for the current fiscal year.
The layoffs: Uber plans to eliminate management layers and streamline teams to cut costs, according to reports. The move could reduce expenses and redirect spending, though a specific headcount has not been disclosed.
Why now? Uber and AI firm Wayve launched London's first supervised autonomous rides, using electric FordDealroom has a profile for this one. Try Dealroom → Mustang Mach-E vehicles. The partnership lets Uber commercialise self-driving technology without building or manufacturing its own cars, potentially supporting higher margins with less capital.
The investor view: Institutional investors own 80.24% of Uber's stock. Shah Wealth AdvisorsDealroom has a profile for this one. Try Dealroom → bought a new position of 18,360 shares worth roughly $1,325,000 in the second quarter, joining buyers including Pacer AdvisorsDealroom has a profile for this one. Try Dealroom →, which now holds shares worth $370,641,000. BTIGDealroom has a profile for this one. Try Dealroom → reaffirmed a Buy rating with a $100 price target, while Rosenblatt upgraded the stock to Strong Buy.
The signal: Uber's double-digit revenue growth and robotaxi expansion are reshaping its story from a ride-hailing operator into an autonomy platform. With shares up 7.8% since its last earnings report, the market is betting the asset-light model can lift margins as self-driving scales.
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