Uber Misses Q3 Guidance, Shares Fall 2.76% Pre-Market on August 5

Uber reported second-quarter 2026 revenue of $14.19 billion on August 5, up 12% year-over-year, slightly below Wall Street estimates of $14.24 billion. Total bookings reached $58.02 billion, up 24% annually and exceeding expectations of $57.06–$57.23 billion, boosted by World Cup-related travel activity with over 8 million travelers using Uber in host cities.

However, weak third-quarter guidance dampened investor sentiment. Uber forecast Q3 bookings of $58.25–$60.25 billion (midpoint $59.25 billion), slightly below consensus expectations of $59.21–$59.33 billion, with adjusted EPS of $0.84–$0.88 (midpoint $0.86), trailing LSEG estimates of $0.89. Rising competition in Brazil, Uber's largest market globally, weighed on ridesharing growth, contributing to a 2.76% pre-market decline in shares to $70.00.