Equity Profile

UBER

Uber Technologies, Inc.

IndustrialsPassenger Ground Transportation$151.1B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Uber Technologies, Inc. is a leading player in the passenger ground transportation sector, primarily known for its ride-hailing services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

UBER Q2-2026 Earnings Preview

Context

Company Snapshot

Uber Technologies, Inc. is a leading player in the passenger ground transportation sector, primarily known for its ride-hailing services. As a major technology company in the industrials sector, Uber is also expanding into delivery services and freight logistics, making it a significant player in the evolving landscape of transportation and logistics.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+152.01%

Avg Stock Reaction

-1.29%

Last Quarter Recap

In Q1-2026, Uber reported an EPS of $0.72, slightly beating expectations of $0.70. The stock reacted positively, gaining 8.53% the following day.

Management Promises & Guidance

Continue to enhance user experience on the platform.
Expand delivery services to increase revenue streams.
Focus on cost management to improve profitability.

Expectations

Wall Street Expectations

Overall expectations for Uber's upcoming earnings are mixed, with some analysts optimistic about user growth while others remain cautious about profitability.

Bull Case

The bull case hinges on strong user growth and improved margins, driven by operational efficiencies and expansion into new markets.

Bear Case

The bear case focuses on potential regulatory challenges and increased competition, which could impact profitability and user retention.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of active users this quarter?

User growth is critical for Uber's long-term success and will indicate how well the company is competing in the market.

What are the margins on delivery services compared to ride-hailing?

Understanding the profitability of different segments will help gauge the overall financial health of the company.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Uber's expansion into delivery services, which could significantly boost revenue beyond current projections.

Supporting Evidence

Recent trends show increased demand for delivery services, which could offset any potential declines in ride-hailing.

The options market is pricing a relatively modest move, suggesting that a larger-than-expected shift in user growth could surprise investors.

Key Risk

If active user growth exceeds 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around user growth and profitability across Uber's service segments.

Bull Confirmed If

A significant increase in active users, exceeding 10% growth quarter-over-quarter, would support the bull case.

Bear Confirmed If

A decline in active users or a significant drop in margins below 10% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.59%

Historical Avg

±6.2%

In line with history

The options market is pricing in a move of approximately 5.59%, indicating some uncertainty ahead of the earnings report.

Options are pricing ±5.6% while UBER has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.4%

30d HV

33.1%

Calls (5.4M)P/C Ratio: 0.25Puts (4.2M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Uber beats expectations, history suggests a potential stock increase of around 1.87%, confirming the bull case.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, reflecting uncertainty in the market.

Miss

If the company misses expectations, history indicates a potential decline of about 5.15%, confirming bearish sentiments.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·4 sells

Members

House + Senate

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth metrics and any changes in active user counts.
2Details on the profitability of delivery services versus ride-hailing.
3Any commentary on regulatory challenges impacting operations.
4Insights into cost management strategies and their effectiveness.
5Future guidance on revenue expectations for the next quarter.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Uber Technologies, Inc. is a leading player in the passenger ground transportation sector, primarily known for its ride-hailing services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

UBER Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+152.01%

Avg Stock Reaction

-1.29%

Last Quarter Recap

In Q1-2026, Uber reported an EPS of $0.72, slightly beating expectations of $0.70. The stock reacted positively, gaining 8.53% the following day.

Management Promises & Guidance

Continue to enhance user experience on the platform.
Expand delivery services to increase revenue streams.
Focus on cost management to improve profitability.

Expectations

Wall Street Expectations

Overall expectations for Uber's upcoming earnings are mixed, with some analysts optimistic about user growth while others remain cautious about profitability.

Bull Case

The bull case hinges on strong user growth and improved margins, driven by operational efficiencies and expansion into new markets.

Bear Case

The bear case focuses on potential regulatory challenges and increased competition, which could impact profitability and user retention.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of active users this quarter?

User growth is critical for Uber's long-term success and will indicate how well the company is competing in the market.

What are the margins on delivery services compared to ride-hailing?

Understanding the profitability of different segments will help gauge the overall financial health of the company.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Uber's expansion into delivery services, which could significantly boost revenue beyond current projections.

Supporting Evidence

Recent trends show increased demand for delivery services, which could offset any potential declines in ride-hailing.

The options market is pricing a relatively modest move, suggesting that a larger-than-expected shift in user growth could surprise investors.

Key Risk

If active user growth exceeds 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around user growth and profitability across Uber's service segments.

Bull Confirmed If

A significant increase in active users, exceeding 10% growth quarter-over-quarter, would support the bull case.

Bear Confirmed If

A decline in active users or a significant drop in margins below 10% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.59%

Historical Avg

±6.2%

In line with history

The options market is pricing in a move of approximately 5.59%, indicating some uncertainty ahead of the earnings report.

Options are pricing ±5.6% while UBER has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.4%

30d HV

33.1%

Calls (5.4M)P/C Ratio: 0.25Puts (4.2M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Uber beats expectations, history suggests a potential stock increase of around 1.87%, confirming the bull case.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, reflecting uncertainty in the market.

Miss

If the company misses expectations, history indicates a potential decline of about 5.15%, confirming bearish sentiments.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·4 sells

Members

House + Senate

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth metrics and any changes in active user counts.
2Details on the profitability of delivery services versus ride-hailing.
3Any commentary on regulatory challenges impacting operations.
4Insights into cost management strategies and their effectiveness.
5Future guidance on revenue expectations for the next quarter.