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● LIVE Updated 58m ago · 13 sources tracked

Uber beats on revenue, CEO tells CNBC the company is 'investing significantly' to add drivers

Uber reported third-quarter revenue that exceeded analyst expectations, but its mobility and delivery segments fell short of forecasts. CEO Dara Khosrowshahi told CNBC the company is investing significantly to add drivers in the US, India and Brazil. The stock rose more than 7% following the results.

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  • ✓ Uber reported better-than-expected third-quarter revenue of $14.8 billion.
  • ✓ Uber's mobility and delivery units missed revenue forecasts.
  • ✓ CEO Dara Khosrowshahi told CNBC the company is investing significantly to add drivers.
  • ✓ The stock rose more than 7% following the results.
🛡️ Source Corroboration: 13 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Uber's Q3 2026 revenue reached $14.8 billion, exceeding expectations, while the CEO announced specific driver investment plans for the US, India and Brazil.

Live updates

  1. Uber beats Q3 revenue estimates but misses on mobility and delivery units amid driver shortages

    Uber reported third-quarter revenue that exceeded analyst expectations, but its mobility and delivery segments fell short of forecasts. CEO Dara Khosrowshahi told CNBC the company is investing significantly to add drivers in the US, India and Brazil. The stock rose more than 7% following the results.

    Why it matters

    The earnings report comes amid ongoing challenges in Uber's core ride-hailing business, where driver supply constraints and higher fuel costs overseas have pressured growth. The company has been expanding its robotaxi initiatives as an alternative to traditional ride services. Investors are closely watching whether increased driver recruitment efforts will alleviate supply pressures and improve unit performance going forward.

    What is confirmed

    • Uber reported better-than-expected third-quarter revenue of $14.8 billion.
    • Uber's mobility and delivery units missed revenue forecasts.
    • CEO Dara Khosrowshahi told CNBC the company is investing significantly to add drivers.
    • The stock rose more than 7% following the results.
    • Uber is investing to add drivers in the US, India and Brazil.

    What to watch next

    • Driver recruitment targets and timelines announced by Uber management
    • Q4 2026 earnings results for mobility and delivery unit performance
    • Robotaxi deployment expansion and market rollout updates
    Sources used for this update (13)
    1. CNBC — Uber beats on revenue even as mobility and delivery units miss estimates
    2. Reuters — Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt
    3. WSJ — Uber’s Revenue Growth Slows Amid Headwinds From Fuel Prices, Tighter Driver Supply
    4. Financial Times — Uber picks up pace in robotaxi race
    5. Yahoo Finance — If You Invested $1,000 in Uber at Its IPO, Here’s What You’d Have Now
    6. www.cnbc.com — CNBCUber beats on revenue even as mobility and delivery units ...
    7. rocketnews.com — Uber beats on revenue, CEO tells CNBC the company is ...
    8. stockalpha.ai — UBER Beats Revenue, CEO Tells Cnbc to Add Drivers - Nov 4
    9. revelationnews.com — Uber Beats Revenue Expectations as CEO Pledges Driver Investment
    10. stockalpha.ai — UBER Beats on Revenue - Nov 4 | StockAlpha.ai
    11. finance.yahoo.com — 5 revealing analyst questions from Uber’s Q3 2026 earnings call
    12. www.newsbreak.com — Uber beats on revenue, CEO tells CNBC the company is ...
    confidence 90%
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