EARNINGS & CATALYSTS · November 3, 2026
Uber earnings preview for November 4: bookings and cash flow face a test
Uber’s November 4 earnings will test bookings growth, adjusted profit and cash generation as its Delivery Hero takeover offer approaches a deadline. Recent DoorDash results add context on delivery competition.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Uber Technologies, Inc. (UBER) | November 4, 2026Expected · subject to change | Before open | 0.86 | 14.66B |
1) When is the report, and what is expected?
Uber has confirmed its third-quarter results call for November 4, 2026 before open. The October 5 announcement confirms the call date and time, but does not state the exact time the release will be published. The earnings calendar expects the release before open. Analyst expectations reviewed on November 3 were approximately $0.86 in adjusted profit per share and $14.66 billion in reported revenue. These are estimates for the September quarter, rather than reported results. Uber’s own outlook is $0.84–$0.88 in non-GAAP EPS and $58.25–$60.25 billion in gross bookings. Company guidance and analyst estimates are different benchmarks.
2) Did recent growth turn into better earnings?
Uber’s second quarter ended June 30 produced $14.191 billion of revenue, $1.17 of GAAP diluted EPS and $0.81 of non-GAAP EPS. Non-GAAP means the company excludes selected items when measuring profit. A $1.6 billion pre-tax investment revaluation gain helped GAAP net income, so the two EPS figures tell different stories. Compared with the dated MarketBeat consensus used in the comparison image, second-quarter non-GAAP EPS was about 0.6% higher and revenue about 0.3% lower. These are small differences, and another consensus provider can produce a different result. The more useful question is whether demand and cash generation support the next outlook.
3) How should investors read the charts?
Uber closed November 2 at $66.71, below its 20-day average of $68.51 and 50-day average of $70.97. The recent $64–$65.50 low area and $67.30–$69.20 trading area are approximate reference points. A sustained close above $69.20 would improve the setup; a close below $64 would weaken the recent low area. The historical reaction image compares the close before each release with the release-day close. It includes every development affecting the stock that day. Earnings can move the price beyond recent ranges, so these levels are observations rather than guaranteed turning points.
4) How the business makes money
Uber connects riders, drivers, delivery customers, merchants and freight customers through its platforms. It earns transaction fees and other revenue, including advertising and subscriptions. Gross bookings measure total platform activity and are much larger than the revenue Uber retains. Contract and business-model changes can affect reported revenue growth even when underlying activity grows.
5) What to watch
The main operating test is whether trips and delivery orders support the next bookings outlook while profit and cash flow continue to improve. The pending Delivery Hero takeover adds a capital-allocation decision: its October 28 update says the offer acceptance period ends November 5, while closing is expected in the second half of 2027 subject to conditions and approvals. This is an offer process, rather than a completed acquisition. Watch financing, integration plans and the balance between investment and share repurchases.
6) Recently reported peers
DoorDash reported its September quarter on October 29. Orders grew 28%, revenue reached $4.616 billion and GAAP diluted EPS was $1.06. Its fourth-quarter outlook called for $35.4–$36.4 billion in order value and $0.9–$1.1 billion of adjusted EBITDA, a profit measure before interest, taxes, depreciation, amortization and selected adjustments. DoorDash also announced a definitive agreement to buy Instacart. Its stock rose about 5.6% from the October 28 close to the October 29 close, a window containing both earnings and acquisition news. This is relevant delivery-market context. DoorDash’s GAAP EPS and Uber’s non-GAAP EPS use different definitions, and the businesses have different geographic and product mixes.
7) Risks into the report
Competitive promotions, driver and courier costs, insurance costs, regulation and weaker consumer spending can reduce profit even when bookings rise. Acquisitions can require financing and integration spending, while approvals and closing dates remain uncertain. Autonomous-vehicle partnerships create opportunities, but their timing and economics remain uncertain. Investment revaluations and tax effects can also move GAAP profit independently of operating performance.