Business

Uber Misses Revenue but Guides Higher Bookings

Updated 2026-05-06 11:35 UTC 1 source Negative

Uber reported a $1.5 billion net income hit in the first quarter of 2026 due to equity investments revaluation, while issuing higher-than-expected bookings guidance.

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CNBC

Uber misses on revenue but issues higher-than-expected bookings guidance

Uber said its net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments.

2026-05-06 11:21 UTC