Uber Q1 Revenue Misses Estimates, Q2 Bookings Outlook Beats Expectations

Uber Technologies reported first-quarter revenue that fell short of Wall Street forecasts, but the ride-hailing giant's second-quarter bookings guidance exceeded analyst estimates, causing its stock to surge. The company's Q1 2026 revenue came in below expectations, while the stronger-than-anticipated outlook for Q2 bookings drove investor optimism. The positive guidance overshadowed the revenue miss, leading to a sharp increase in Uber's share price.