-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Uber posted Q1 revenue of $13.20B (+14% Y/Y), just below consensus $13.26B, while non-GAAP EPS of $0.72 was also near expectations ($0.71), representing an improvement from the prior quarter's 12% EPS miss. We view these near-consensus results positively given record operating margins achieved for both Mobility (7.7%) and Delivery (3.7%), demonstrating impressive operational leverage despite bookings growth headwinds of 60-80 bps associated with severe weather and the Middle East conflict. Gross Bookings grew 25% (21% ex-FX), exceeding 21% for the third consecutive quarter as core business momentum remains strong. For Q2, management expects Gross Bookings growth of ~20% ex-FX with an EPS midpoint of $0.80 (vs. consensus $0.81). Platform engagement metrics show slight deceleration, with MAPCs at 199M (+17% vs. +22%) and Uber One membership reaching 50M (+50% Y/Y vs. +55%). Uber AV trips are now available in eight cities, with 15 cities still planned by end-2026. AV Mobility trips were up over 10x Y/Y in Q1.