Overview
- Uber, which reported results Wednesday, posted adjusted EPS of $0.72 and gross bookings of $53.7 billion, guided Q2 bookings to $56.25–$57.75 billion above forecasts, and saw shares jump about 8% to 10% after the release.
- DoorDash reported Wednesday after the bell with EPS of $0.42 and revenue of $4.04 billion, guided Q2 marketplace order value to $32.4–$33.4 billion above estimates, and said shares rose about 10% in late trading.
- Grab beat expectations with Q1 revenue of about $955 million, up 24% year over year, said roughly 35% of users choose its lower-cost Saver option, and is expanding regionally after agreeing to buy Foodpanda Taiwan for $600 million.
- Companies highlighted rapid AI adoption and autonomy plans, with Uber saying 95% of engineers use AI tools and robotaxi trips are set to expand through partnerships, while DoorDash said AI now generates about two‑thirds of its codebase.
- Management teams flagged headwinds from higher gas prices and geopolitical tensions, with Uber noting a $1.5 billion mark‑to‑market hit on equity holdings and rolling out temporary fuel relief for drivers as membership programs like Uber One and saver tiers help retain cost‑conscious users.