Uber Q1 2026: revenue miss, stock jumps 10% as autonomous trips grow 10x, Uber One hits 50M members, bookings surge 25%
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By Alina Maria Stan
Published on May 6, 2026.
Uber missed Q1 revenue estimates by 90 million dollars and its stock jumped 10% as its gross bookings surged 25% to 53.7 billion dollars, autonomous trips grew tenfold and the 50-million-member Uber One programme now accounts for over half of all bookings. The company's first-quarter revenue was 14% higher than the previous year, but was below consensus estimates. The shortfall was due to a deliberate pricing strategy, which saw Uber cut ride prices in markets where insurance cost savings allowed it to pass savings through to consumers. The firm's mobility segment saw sales rise five% to 6.8 billion dollars against a consensus of 7.11 billion dollars. Meanwhile, Uber One, the membership programme, now has 50 million subscribers, accounting for over 50% of all bookedings, and the company expects hundreds of millions of dollars in insurance savings to flow through US mobility in 2026. The financial profile of the company is expanding faster than its revenue, driven by its growth in adjusted revenue.
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