$UBER · Uber Technologies, Inc
Uber's 8-K reports Q3 2026 results (Item 2.02) and the departure of President/Chief Corporate Affairs Officer Jill Hazelbaker effective November 30, 2026 (Item 5.02). Revenue grew 10% YoY to $14.766B, Gross Bookings rose 20% to $59.8B, and Non-GAAP EPS reached $0.88, up 35%. GAAP net income fell 92% to $512M, reflecting a $476M pre-tax loss on equity investment revaluations versus a $4.9B tax valuation release benefit in Q3 2025.
- Gross Bookings grew 20% YoY to $59.8B, a fifth consecutive quarter of 20%+ growth.
- Non-GAAP Operating Income rose 38% YoY to $2.3B, a record 3.9% of Gross Bookings.
- GAAP net income fell 92% YoY to $512M on a $476M equity revaluation loss.
- Free cash flow was $2.5B; unrestricted cash and short-term investments totaled $10.1B.
- President Jill Hazelbaker steps down November 30, 2026 for an external opportunity.
Extended-hours last trade $66.82, up 0.33% vs the $66.60 regular close, a muted reaction to solid results and guidance.
Uber delivered a fifth straight quarter of 20%+ Gross Bookings growth with record operating margins, but GAAP net income collapsed 92% and a top executive is departing.
Uber's 20% Gross Bookings growth and record Non-GAAP Operating Income margin of 3.9% of Gross Bookings underscore continued scale-driven margin expansion in the gig-economy/ride-hail sector.
GAAP profitability swung sharply on equity investment revaluations ($476M pre-tax loss), and Mobility revenue declined 2% YoY due to business model changes. The departure of a senior executive adds leadership-transition risk.