Overview
- Uber, which reported results Wednesday, guided second‑quarter gross bookings to $56.25–$57.75 billion, topping Wall Street estimates and sending shares up about 8–10% in early trading.
- First‑quarter results showed strength on core metrics for Uber with adjusted EPS at $0.72 and gross bookings at $53.7 billion, even as GAAP net income fell to $263 million after a $1.5 billion mark‑to‑market hit on equity stakes.
- Uber’s delivery revenue grew 34% to $5.07 billion while ride‑hailing revenue missed forecasts, and the Freight unit returned to growth for the first time in nearly two years.
- Management said AI tools are boosting productivity, Uber One membership has passed 50 million, and autonomous‑vehicle partners could enable trips in up to 15 cities by the end of 2026.
- Grab reported first‑quarter revenue up 24% to $955 million with profit rising to $120 million, and it highlighted AI features, bundled services, a lower‑cost ‘saver’ option used by about 35% of users, and its US$600 million deal for Foodpanda Taiwan.