Uber (UBER) Q3 adj. EPS $0.88 vs $0.98 est.

Uber reported third-quarter 2026 non-GAAP EPS of $0.88, up 35% year-over-year but below the $0.98 consensus estimate, alongside revenue of $14.8 billion (up 10% YoY) and gross bookings of $59.8 billion (up 20% YoY). GAAP diluted EPS was $0.25, weighed down by a $476 million pre-tax net loss from revaluations of equity investments, while GAAP operating income rose 30% to $1.4 billion and non-GAAP operating income climbed 38% to $2.3 billion, a record 3.9% of gross bookings. Adjusted EBITDA grew 31% to $3.0 billion at a 5.0% margin, and free cash flow reached $2.5 billion. CEO Dara Khosrowshahi said the company expects roughly 700 fully driverless vehicles on the platform by year-end and more than 2,000 in 2027, framing autonomy as a commercial execution priority. The results matter because they show bookings growth holding above 20% for a fifth straight quarter even as the EPS miss tests investor tolerance for spending on Mobility supply, Delivery and autonomous vehicles. Watch fourth-quarter guidance and whether margin expansion continues as autonomy investments scale into 2027.