What to Expect From Uber's (UBER) Q3 Earnings

Uber (UBER) reports third-quarter results before the market opens on Wednesday, 4 November, with a call at 8 a.m. ET. The stock goes in near its lowest in a year, as investors worry that robotaxis will take its riders.

Last quarter the business grew, but the forecast disappointed. Gross bookings, the value of all rides and orders, rose 24% to $58.0 billion, above the $57.06 billion analysts expected, according to LSEG data cited by Reuters. But Uber guided third-quarter adjusted EPS to 84 to 88 cents, short of the 89 cents analysts wanted, and said it would spend more than $10 billion on robotaxis over the coming years. The stock slid 5.3% on 5 August.

What analysts expect

• Gross bookings: $59.7 billion, according to Zacks via Yahoo Finance, up from $49.7 billion a year ago. Bank of America expects $59.8 billion, Proactive reported. Uber’s own range is $58.25 billion to $60.25 billion, 18% to 22% growth excluding currency moves.
• Revenue: $14.74 billion, up 9.4% (Zacks). Fiscal.ai’s figure, cited by Stocktwits, is about $14.68 billion.
• Adjusted EBITDA: Uber guided to $2.86 billion to $2.96 billion, up from $2.3 billion a year ago. Proactive put Wall Street’s forecast at $2.93 billion, without naming a provider, and Bank of America expects $2.94 billion.

Profit per share is harder to compare. Zacks’s consensus of 94 cents is measured against the $3.11 a share Uber earned under standard (GAAP) accounting a year ago, a figure inflated by a $4.9 billion tax benefit, so it isn’t on the same basis as the company’s non-GAAP range of 84 to 88 cents. Stocktwits cited about 90 cents, naming neither a provider nor a basis.

What to watch

• Robotaxis. Investors worry that robotaxi rivals could take a large share of trips or force Uber to lower its prices, Stocktwits reported, and BNN Bloomberg tied the stock’s 15% drop this year, as of 6 October, to the same worry. Any update on its self-driving partners and the more than $10 billion it plans to spend will be read closely.
• Delivery. Uber agreed on 6 October to buy ezCater, a workplace catering platform, for $2.3 billion in cash. Rosenblatt analyst Scott Devitt said that “bringing workplace buyers into the ecosystem supports the membership flywheel,” according to BNN Bloomberg.
• The fourth-quarter forecast. In August the quarter beat, but the profit guidance sank the stock. The holiday-quarter range may matter more than the results.

How the stock has done

Uber edged up 0.7% on Thursday to $65.74, a day after its lowest close in 52 weeks. The stock is down 19.5% this year and 4.0% over the past month, and it sits 34.1% below its 52-week closing high of $99.72 from 3 November 2025. Shares have moved 5% or more on 12 of the last 252 sessions, and the last report was one of them.