Uber CEO Dara Khosrowshahi on Q1 results: We're building for the long term here
Speakers
Dara Khosrowshahi
— CEO, Uber
Andrew Ross Sorkin
— Co-Anchor, Squawk Box
Summary
Uber CEO Dara Khosrowshahi discusses strong Q1 results with 20% trip growth, a $3 billion buyback, and confidence in consumer spending. He highlights resilience to geopolitical tensions and accelerating mobility growth. The company's free cash flow is approaching $10 billion, and the CEO views the stock as a good buy for long-term investors.
- Uber reported Q1 adjusted EPS of $0.72, beating the unadjusted consensus of $0.13 after stripping out special items.
- Gross bookings grew 21% YoY to $56 billion, and trips increased 20% YoY.
- The company repurchased $3 billion of stock in Q1, which the CEO called a 'good buy so far.'
- Mobility growth accelerated compared to Q4, driven by commuter use cases and return-to-office trends.
- Delivery business also remained strong, with both segments showing no signs of consumer weakening.
- CEO expressed confidence in Uber's resilience to geopolitical risks, citing its local business model across 70+ countries.
- Free cash flow over the past 12 months is approaching $10 billion.
- The stock rose ~9% in early trading following the earnings release.
Trade Ideas
Uber is a strong buy at current levels.
Uber is executing strongly across all metrics: trips up 20% YoY, gross bookings up 21% YoY, non-GAAP EPS up 44% to $0.72, and free cash flow approaching $10 billion over trailing twelve months. The company is buying back stock aggressively, repurchasing $3 billion in Q1 alone, which the CEO explicitly calls a 'good buy so far.' Consumer demand remains robust with no signs of weakening, and the business is resilient to geopolitical shocks due to its local nature. The CEO states they are building for the long term and the company is 'hitting on all cylinders.' This combination of strong operational momentum, cash generation, and insider buyback activity supports a bullish view on Uber equity.
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This CNBC video, published May 06, 2026, features Dara Khosrowshahi discussing UBER. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Dara Khosrowshahi · Tickers: UBER