Uber Q2 Beats on Bookings and Profit, But Q3 Guidance Miss Sends Shares Down 5%
Uber reported Q2 results that topped estimates on gross bookings and adjusted EBITDA, but its Q3 gross bookings guidance fell short of analyst consensus, causing shares to fall about 5% on heavy volume.
What happened
Uber Technologies Inc. reported second-quarter 2026 results on August 5 that beat Wall Street estimates on gross bookings and adjusted profit, but its third-quarter gross bookings guidance missed the consensus analyst forecast. Shares closed down 5.29% at $68.18 on volume of about 46.2 million shares, well above the average of about 19.6 million shares.
The selloff followed the company's guidance for Q3 gross bookings of $58.25 billion to $60.25 billion, whose midpoint of $59.25 billion was below the analyst consensus of $59.32 billion, according to Yahoo Finance.
The filing
According to Yahoo Finance, Uber reported Q2 gross bookings of $58.0 billion, up 24% year-over-year and above the expected $57.17 billion. Adjusted EBITDA came in at $2.82 billion, beating the $2.79 billion consensus. Adjusted earnings per share matched estimates at $0.81.
The company's Q3 guidance for gross bookings missed consensus by a narrow margin. The chief financial officer cited an approximately one-percentage-point currency headwind as a factor, per Yahoo Finance and The Wall Street Journal.
Market reaction
Shares of Uber fell 5.29% on August 5, closing at $68.18, down from the prior close of $71.99, according to price data. Trading volume surged to 46.2 million shares, more than double the average daily volume of about 19.6 million shares, indicating strong investor reaction to the mixed report.
The Motley Fool noted that the drop came despite the Q2 beats on bookings and profit, as the market focused on the softer Q3 guidance.
Sources
- Daily price and volume history
- Yahoo Finance
- The Motley Fool
- Yahoo Finance / WSJ
Information summarized by AI from the sources listed above. May contain errors — informational only, not investment advice.