From BigGo Finance · BigGo Finance · · 1m 50s
Uber Q3 Earnings: EPS Jumps 35% but Mobility Growth Slows
Uber's EPS surged 35% to $10.4B free cash flow, but driver shortages in Brazil and India hurt mobility growth.
In brief
Uber's EPS surged 35% to $10.4B free cash flow, but driver shortages in Brazil and India hurt mobility growth. Uber reported record $10.4B free cash flow and 35% EPS growth for Q3 2026, though driver shortages in Brazil and India slowed mobility growth. Originally reported by BigGo Finance.
Q3 2026 Earnings Results
Uber reported fifth consecutive quarter of 20%+ gross bookings growth and record $10.4 billion free cash flow.
Mobility Growth Slows
![[Uber Technologies Q3 2026 Earnings Call] Uber's EPS Jumps 35% to Record $10.4B Free Cash Flow, but Mobility Growth Stumbles on Driver Shortage in Brazil and In](https://img.biggo.com/B0p5oS6WvLEfA4fNdSGDVOQfLgtTBkjtrbyKkwq2dkM/fit/1720/0/sm/0/aHR0cHM6Ly9pbWcuYmdvLm9uZS9uZXdzLWltYWdlL2Vhcm5pbmdzX2NhcmQvMjAyNi0xMS9VU19VQkVSXzIwMjYtMTEtMDRfMTc5MzgwMzc0My53ZWJw.webp)
Mobility gross bookings fell short of expectations due to driver shortages in Brazil, India, and Canada.
CEO Statement on Supply
CEO Dara Khosrowshahi said mobility growth was healthy but below expectations due to driver supply not matching demand.
Delivery Business Strengthens
Delivery gross bookings grew 23% year-over-year with organic growth accelerating and grocery retail reaching $15 billion run-rate.
CFO on Supply Constraints
CFO Balaji Krishnamurthy called driver shortages a 'good problem' linked to fuel prices and immigration dynamics.
October Improvements
Global supply hours accelerated in October with notable improvements in Brazil and India.
Autonomous Vehicles Roadmap
Uber plans 700 fully driverless vehicles by end-2026, scaling to 2,000+ by end-2027 with third-party financing.
Q4 EPS Guidance
Q4 EPS guidance implies 37% year-over-year growth, signaling confidence in continued profit expansion.
Mobility Margin Impact
Mobility margin at 8% impacted by supply investments, but Q4 investments won't meaningfully affect margins.
Delivery Hero Integration
Uber will slow M&A activity as it focuses on integrating recent acquisitions like Delivery Hero and Blacklane.
AI Agents in Early Stages
AI agents currently contribute negligible volumes, 500 delivery orders and four rides in a week with 320 million total trips.
Jill Hazelbaker's Departure
Jill Hazelbaker, Uber's President and Chief Corporate Affairs Officer, leaves after 10 years to join OpenAI.
At a glance
Uber reported record $10.4B free cash flow and 35% EPS growth for Q3 2026, though driver shortages in Brazil and India slowed mobility growth.
/https://i.s3.glbimg.com/v1/AUTH_63b422c2caee4269b8b34177e8876b93/internal_photos/bs/2026/e/p/FGpjGAThafmQpgFEtBPA/whatsapp-image-2026-08-14-at-11.17.48-1-.jpeg)