Uber Reports Q1 Revenue of $13.2B, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy UBER?
Reports Q1 revenue $13.2B, consensus $13.26B. Trips during the quarter grew 20% year-over-year to 3.6 billion, driven by Monthly Active Platform Consumers growth of 17% YoY and monthly Trips per MAPC growth of 3% YoY. "As we highlighted at GO-GET, from innovative travel integrations to new ways to shop, we're continuing to deepen the role Uber plays in daily life," said Dara Khosrowshahi, CEO. "Reaching 50 million Uber One members is an exciting milestone as we execute against our platform strategy, with members now driving half of our Gross Bookings across Mobility and Delivery." "We are off to an exceptional start to 2026, with Gross Bookings growth exceeding 21% for the third consecutive quarter and earnings scaling at more than twice our topline," said Balaji Krishnamurthy, CFO. "From this position of strength, we're investing with conviction in the significant opportunities ahead, while taking a capital-efficient approach to AVs and embracing AI to drive growth and productivity."
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 76.730
Low
72.00
Averages
107.10
High
150.00
Current: 76.730
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Analyst Target Increases: TD Cowen raised Uber's price target from $114 to $118, highlighting that Q1 bookings and Q2 outlook exceeded market expectations, reflecting accelerating growth in Mobility, which further solidifies investor confidence.
- Shareholder Returns: Uber returned approximately $3 billion to shareholders through buybacks in Q1, with adjusted EPS jumping 44% to $0.72, comfortably beating Wall Street forecasts, showcasing the company's strong performance in profitability and cash flow generation.
- Positive Market Sentiment: Despite a 3% drop in Uber's stock on Thursday, analysts largely maintained 'Buy' or 'Overweight' ratings, reflecting confidence in the company's operational execution, especially in the face of external challenges.
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- Analyst Target Increases: TD Cowen raised Uber's price target from $114 to $118, highlighting that Q1 bookings and Q2 outlook exceeded market expectations, reflecting accelerating growth in Mobility, which further solidifies investor confidence.
- Shareholder Returns: Uber returned approximately $3 billion to shareholders through buybacks in Q1, with adjusted EPS jumping 44% to $0.72, comfortably beating Wall Street forecasts, showcasing the company's strong performance in profitability and cash flow generation.
- Positive Market Sentiment: Despite a 3% drop in Uber's stock on Thursday, analysts largely maintained 'Buy' or 'Overweight' ratings, reflecting confidence in the company's operational execution, especially in the face of external challenges.
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- IPO Filing: Lime submitted its IPO application to the SEC on Friday, intending to list on Nasdaq under the ticker "LIME", although specific offering terms were not disclosed, indicating its readiness to enter the public market.
- Market Recovery Signs: Following a slowdown attributed to volatile equity markets and geopolitical tensions, the U.S. IPO market is showing signs of recovery, with various sectors eager to capitalize on renewed investor enthusiasm, suggesting a positive shift in market sentiment.
- Strong Underwriter Lineup: The offering is backed by prominent underwriters including Goldman Sachs and J.P. Morgan, whose expertise and market presence are expected to provide significant support for Lime's public offering, enhancing investor confidence.
- Surge in Industry Demand: The recent filings from several AI infrastructure, defense startups, and biotechnology firms highlight a pent-up demand in the IPO market, with Lime's application further underscoring the potential for lucrative investment opportunities in the near future.
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- Publicis Controversy Impact: Trade Desk's Q1 2026 earnings miss led to a 13.11% drop in pre-market trading, primarily due to Publicis's concerns over pricing and transparency, which could result in client losses and significantly impact Q2 and Q3 revenues.
- Margin Pressure: The company targets a full-year adjusted EBITDA margin of 40%, yet reported only 30% in Q1, necessitating substantial revenue growth or aggressive cost control in the second half, with management failing to provide a clear strategy, thus increasing market uncertainty.
- Long-Term Outlook Remains Positive: Despite short-term challenges, Trade Desk's long-term strategies, including open internet principles, retail media, and AI search, remain attractive, with Jeff Green's $150 million stock purchase reflecting confidence in the company's future.
- Cautious Market Reaction: Although Publicis's audit found no issues, the market's response to Trade Desk remains cautious, with heightened investor concerns about future profitability and market share, indicating a strong focus on the company's near-term performance.
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- Stock Price Collapse: Lucid Motors' stock has plummeted from a peak of $10,000 in February 2021 to just $120 today, representing a staggering 99% decline that underscores the risks of investing in speculative and unprofitable companies.
- Production Surge: Despite a 149% year-over-year increase in production volume to 5,500 vehicles in Q1, lagging deliveries resulted in only a 20% revenue growth to $282.5 million, significantly below Wall Street's expectation of $440.4 million, highlighting issues with sales capacity.
- Escalating Operating Losses: The operating losses for Q1 surged 37% year-over-year to $1.27 billion, which is alarming given Lucid's market cap of just $2.06 billion; if current trends persist, full-year losses could exceed $5 billion, raising concerns about potential equity dilution.
- Strategic Partnership Hope: The partnership with Uber Technologies, which has involved a $500 million direct investment and plans to purchase up to 35,000 Gravity SUVs, could help alleviate Lucid's excess production capacity, although this will be executed over several years.
See More
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- Significant Revenue Growth: Lime highlighted strong revenue growth in its IPO filing, although specific figures were not disclosed, indicating the company's increasing competitiveness in the electric scooter rental market, which may attract more investor interest.
- Rising User Base: The company reported a continuous increase in user numbers, reflecting its popularity in the shared mobility sector, which is expected to further drive future revenue growth and market share expansion.
- Listing Details: Lime intends to list on Nasdaq under the ticker symbol “LIME,” without revealing specific offering terms, which may spark widespread market discussions regarding its valuation and influence investor decisions.
- Strong Underwriter Lineup: With Goldman Sachs and J.P. Morgan as lead underwriters, along with Jefferies and others, the strong backing indicates market confidence in Lime's IPO, potentially providing robust support for its fundraising efforts.
See More
Lyft Reports Strong Q1 but Shares Drop Amid Mixed Results
- Performance Highlights: Lyft's Q1 gross bookings increased by 19% year-over-year to $4.9 billion, while active riders rose 17% to 28.3 million, marking a record high and demonstrating the company's sustained growth potential in the market.
- Revenue Beats Expectations: The company reported revenue of $1.7 billion, up 14% and exceeding market expectations by $70 million; however, the adjusted EPS of $0.04 fell short of the $0.06 consensus, leading to a more than 3% drop in shares during after-hours trading despite the strong overall performance.
- Intensifying Market Competition: Lyft is aggressively expanding into Europe through acquisitions such as Freenow, TBR Global Chauffeuring, and Gett's UK business to close the gap with market leader Uber, which holds a C+ valuation grade compared to Lyft's A grade, highlighting the stark contrast between their market positions.
- Future Outlook: Lyft anticipates approximately 20% growth in gross bookings and over 30% adjusted EBITDA expansion, indicating confidence in its ongoing investments and market expansion efforts aimed at further enhancing its competitive position.
See More
