AcquisitionsAug 5, 2026, 04:16 PM
Uber to Acquire Blacklane for $550M; Q2 Revenue Up 12% to $14.19B
AI Summary
Uber Technologies, Inc. announced an agreement to acquire Blacklane GmbH for approximately $550 million in cash, expected to close by the end of 2026. For the second quarter of 2026, revenue increased 12.17% to $14,191 million, with net income attributable to Uber rising 76.61% to $2,394 million, and diluted EPS reaching $1.17. However, net income for the six months ended June 30, 2026, decreased to $2,657 million from $3,131 million in the prior year period. The company also reported $5,213 million in net cash from operating activities and $3,529 million in common stock repurchases for the first half of 2026.
Key Highlights
- Uber agreed to acquire Blacklane GmbH for approximately $550 million in cash.
- Q2 2026 revenue increased 12.17% to $14,191 million.
- Q2 2026 net income attributable to Uber rose 76.61% to $2,394 million.
- Diluted EPS for Q2 2026 was $1.17, up from $0.63 in Q2 2025.
- Net cash provided by operating activities for H1 2026 was $5,213 million.
- Repurchased $3,529 million of common stock during H1 2026.
- Lime completed its IPO on June 30, 2026, converting Uber's preferred stock and convertible notes.
- Entered into $1.6 billion Total Return Swaps during Q2 2026.
Price Impact
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