Uber (UBER) reported net income of US$ 512 million in the third quarter of 2026, compared with US$ 6.6 billion in the same period of the prior year, a 92% decline. The result includes a pre-tax loss of US$ 476 million from the revaluation of equity investments. In 3Q25, net income had been boosted by a US$ 4.9 billion tax benefit and a US$ 1.5 billion gain from those revaluations. Diluted earnings per share (EPS) was US$ 0.25, compared with US$ 3.11 in 3Q25.
Revenue totaled US$ 14.8 billion (US$ 14.766 billion), up 10% from 3Q25. Changes in business models reduced total revenue growth by 8 percentage points. Operating income was US$ 1.4 billion, up 30%. Gross Bookings (the total value of rides, delivery orders and freight) reached US$ 59.8 billion, up 20%, also up 20% on a constant-currency basis. Trips rose 16% to 4.1 billion, and monthly active platform consumers grew 14% to 215 million.
By segment, Mobility gross bookings were US$ 29.5 billion (up 18%), Delivery gross bookings were US$ 28.5 billion (up 22%), and Freight gross bookings were US$ 1.8 billion (up 35%). Free cash flow was US$ 2.5 billion, compared with US$ 2.2 billion a year earlier. Unrestricted cash, cash equivalents and short-term investments totaled US$ 10.1 billion at the end of the quarter.
On a non-GAAP basis (which excludes items the company considers non-recurring), adjusted operating income was US$ 2.3 billion, up 38%, and adjusted earnings per share were US$ 0.88, up 35%. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, with other adjustments) was US$ 3.0 billion, up 31%. For 4Q26, Uber projects gross bookings of US$ 63.25 billion to US$ 65.25 billion, growth of 18% to 22% on a constant-currency basis, and adjusted earnings per share of US$ 0.95 to US$ 0.99. The guidance is equivalent to adjusted EBITDA of US$ 3.13 billion to US$ 3.23 billion.
In the same document, the company said that Jill Hazelbaker, president and chief corporate affairs officer, will leave her role on November 30, 2026 to pursue another opportunity outside the company.
