Overview
- Uber reported robust second‑quarter results that beat bookings expectations with about $58.02 billion in gross bookings, $14.19 billion in revenue, and $0.81 in adjusted EPS.
- The company gave third‑quarter guidance that fell short of analyst midpoints for both bookings and adjusted earnings per share, prompting a multi‑percent drop in its share price.
- Management said it will commit over $10 billion over the coming years to support autonomous vehicle partners through equity stakes and balance‑sheet support for fleets and vehicle commitments.
- Uber confirmed a $14.8 billion agreement to buy Delivery Hero that it plans to fund with cash and debt, a deal expected to close in the second half of 2027 and that increases near‑term capital needs.
- The strategy widens Uber’s ties to more than 30 AV partners and aims to have robotaxi services live in up to 15 cities by year‑end, but reported moves by Waymo to end exclusivity in some markets underscore distribution and competitive risks to Uber’s aggregator model.