Quarterly ResultMay 6, 2026, 04:14 PM
Uber Q1 Revenue $13.2B, Net Income $263M; Announces Two Acquisitions
AI Summary
Uber Technologies reported Q1 2026 revenue of $13.2 billion, a 14.5% increase year-over-year. However, net income attributable to Uber Technologies, Inc. significantly decreased to $263 million from $1.78 billion in Q1 2025, primarily due to a large unrealized loss on debt and equity securities. The company also announced two pending acquisitions: Getir's food delivery business in Türkiye for $435 million and Blacklane GmbH for approximately $550 million.
Key Highlights
- Net income attributable to Uber Technologies, Inc. fell to $263M from $1.78B YoY.
- Revenue increased 14.5% to $13.2B in Q1 2026 from $11.5B YoY.
- Income from operations rose to $1.92B in Q1 2026 from $1.23B YoY.
- Announced acquisition of Getir's food delivery business for $435M.
- Announced acquisition of Blacklane GmbH for approximately $550M.
- Net cash provided by operating activities was $2.35B, up from $2.32B YoY.
- Repurchased $3.01B of common stock in Q1 2026, up from $1.79B YoY.
- Unrealized loss on debt and equity securities was $1.47B in Q1 2026.