Uber Technologies, Inc. (NYSE:UBER) shares rose Wednesday after the ride-hailing and delivery company reported first-quarter 2026 results that showed strong growth in trips, bookings and platform users, while adjusted earnings topped Wall Street estimates.

Strong Q1 Revenue And Earnings Performance

Uber reported first-quarter revenue of $13.20 billion, up 14% year over year, but slightly below analyst estimates of $13.29 billion. Adjusted earnings came in at 72 cents per share, ahead of the 70-cent consensus estimate.

Trips, Users And Gross Bookings Continue To Climb

Trips during the quarter rose 20% year over year to 3.64 billion, while Monthly Active Platform Consumers increased 17% to 199 million. Gross bookings climbed 25% to $53.72 billion, or 21% on a constant-currency basis.

The company reported GAAP income from operations of $1.92 billion, up 57% from a year earlier. GAAP net income attributable to Uber fell 85% to ...