# 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.
- Title: Uber Q3 Earnings: EPS Jumps 35% but Mobility Growth Slows
- Summary: 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…
- Keywords: uber, q3 2026, eps, free cash flow, mobility growth, driver shortage, brazil, india, delivery, grocery retail, autonomous vehicles, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/US_UBER_2026-11-04
- Author: BigGo Finance
- Published: 2026-11-04T14:44:20+00:00
- Read time: 1 min
- Topics: uber, q3 2026, eps, free cash flow, mobility growth, driver shortage, brazil, india, delivery, grocery retail, autonomous vehicles, av
## 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
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.
## Key takeaway

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.