Dara Khosrowshahi

“But if every person in this company can increase their throughput by 20%, 30%, 50%, 100% then I think metering headcount growth and leaning in on AI investment is going to be well worth it.”

“AI solves all that because essentially, the way that any user wants to interact with your services is up to that user.”

“We've now surpassed 50 million Uber One members and 10 million drivers and couriers globally, both important milestones that reflect strong customer loyalty and expanding number of earner opportunities on our platform.”

“And the breadth that we have in terms of operating in over 70 countries and many of them, both Mobility and Delivery is really unparalleled.”

“Despite a complex backdrop marked by war and weather, we delivered top line and profitability at or above the high end of our guidance.”

“Uber had an exceptional start to 2026, driven by strong execution and a continued focus on product innovation.”

“AV Mobility trips grew more than 10x year-on-year, and we remain on track to be live in up to 15 cities by the end of the year, including new deployments in the U.S.”

“We're also making strong progress across our strategic priorities, including autonomous, where we continue to believe a hybrid network will unlock significant long-term value.”

“We're also continuing to invest in the strength of our platform, which is compounding over time.”

“Mobility gross bookings accelerated to 20% with record margins.”

“And we continue to make investments in engagement of our users and our earners as well with the 50 million Uber One members that we talked about growing 50% year-on-year.”

“And I'll remind you, we expect to be in 15 markets by year-end and then significantly more than that going into next year with partners like Nuro, like NVIDIA, like Zoox as well.”

“Our performance this quarter was balanced and broad-based.”

“Customer satisfaction is very, very strong.”

“We now have more than 30 autonomous partners across Mobility and Delivery and are scaling deployments globally.”

“But I think we'll continue to see that the majority of our transactions come direct.”

“We also generated strong free cash flow and returned a record $3 billion to shareholders through buybacks this quarter.”

“The experience with Reserve for us demonstrated our ability to go from on-demand to planned services, so to speak.”

“So we're very confident that AI is going to empower entirely new experiences, but we think the majority of those experiences are going to come direct to us.”

“Like if we look at the number of code commits per engineer, it's increasing.”

“Non-GAAP EPS increased 44% year-over-year, more than twice as fast as our bookings growth, driven by disciplined cost management and operating leverage.”

“The membership costs a similar amount as competitive membership programs, but we offer you no delivery fees, and we offer you credits on Mobility as well.”

“So this is an overall business that is of scale, the overall Mobility business, we continue to see very, very healthy trends, and we don't see any signs of that abating at this point.”

“Huge thank you to the Uber teams who delivered another terrific quarter for us.”

“Importantly, we're scaling this growth profitably.”

“So we think there's a huge amount of potential here.”

“We're really happy that the team put it together and happy about our partnership, and we're hoping hotels can be just as big as Reserve.”

“We talked about a new relationship that we're building with Hertz on the fleet management side.”

“And of course, we continue to invest in AV aggressively with our partnership model.”

“So we're investing in the whole ecosystem, very happy with the Santander relationship, and we're looking forward to building from there.”

“On the product front, our GO-GET event last week showcased how we're expanding Uber's role in everyday life across travel and local commerce.”

“It's a unique advantage that we have over our competition.”

“On a long weekend in New York City, that's getting $100 back, which pays for your entire Uber One membership for the year.”

“Our earners can ask our AI agents questions about earnings, where they should go, when they should work, et cetera, and you can get the exact personalized answers for you.”

“So we've added 20 million members in just a single year, which is pretty extraordinary.”

“So I think you should just look at AI as an accelerator for us, for every company.”

“Airports are about 15% of our Mobility gross bookings and 40% of, for example, our U.S. riders take trips outside of their home city.”

“And that can work in very simple ways, like 3/4 of the time when you get a ride on an Uber, we have preselected the destination for you.”

“So we think we're very early innings here, and we're very excited about the AV trends that we're seeing.”

“That's a magical use case.”

“We're really happy to work with Santander that has been incredibly innovative in this field on a global basis.”

“And we're investing in that entire ecosystem.”

“We're locking in consumers with our Uber One membership where they spend 3x more than others.”

“They can talk and they can ask for whatever they want, "Hey, search for hotels for me, get me an Uber to the airport, get me an Uber from the airport to the hotel, et cetera." And the UI is whatever the user wants that UI to be.”

“First thing I'd say is we are investing in these agents, and we are investing in these AI tools, and we're seeing kind of the interaction directly with our agents be the first use case.”

“We will build in APIs to whether it's an Apple or an OpenAI or a Claude or Gemini, we will work with these agents as well.”

“And we think actually AV insurance is going to be cheaper than human insurance because AVs ultimately will be safer as well.”

“I think to step back for a second, in order for AV to scale and get into the hundreds of millions in terms of trip count, we really have to build out a whole ecosystem around the development of these AV drivers.”

“Delivery grew 23%, led by grocery and retail and supported by strong retention and freight returned to growth for the first time in nearly 2 years.”

“And another thank you to our partners, whether it's our earners, couriers, drivers and also merchants who make this all possible.”

“And then we're also going to run member days again, which has been a big feature for our members, delivering lots and lots of savings for the members.”

“Mobility is going to continue to accelerate for the balance of the year.”

“We have a great market position.”

“Their inventory is second to none.”

“But I'd tell you, Brian, it's very, very early innings.”

“Our Mobility business accelerated versus last quarter.”

“We certainly see Waymo moving very quickly as we are moving very quickly.”

“Gross bookings were up 21% year-on-year, reflecting the durability of our platform and that growth was once again trip and audience-led with our audience growing 17% alongside strong engagement.”

“So for example, Cart Assistant, you can just take a picture of something that you see on a table or in a store or on a menu, and we'll create a shopping cart for you.”

“So it will take time, but we think it's worth investment.”

“So now we've got 700,000 hotels available on Uber as we speak.”

“We saw the same theme play out in metasearch.”

“We're certainly seeing it within our company.”

“Those are kind of the core precepts and we think we provide the best reliability, best selection, both Mobility and Delivery globally.”

“Financing and building out kind of financing for AVs is, to some extent, trickier because the residual value of these AVs is not something that is clear, right?”

“We introduced new features like no fees above $60 basket for Grocery as well.”

“We want to be a part of that dialogue.”

“And obviously, you've seen kind of the momentum that we've had with Uber One with over 50 million members growing 50%.”

“So we continue to believe AVs are huge opportunities for the entire industry.”

“I think it's self-evident, which is we've got demand.”

“And the fact is that different users like to interact with our services in different ways.”

“AI is helping our engineers and our employees across the company become more efficient to move faster across the board in almost every single step of building.”

“The retention rates are higher.”

“It accounts for over 50% of our bookings now and growing 50% year-on-year.”

“So in terms of our tech investment and general investment, the one thing that I would highlight is it remains of utmost important for us to get the basics right.”

“As long as we are building terrific core products, we think we will get more than our fair share of consumers coming direct to our services.”

“We have to make sure that these drivers are safe.”

“In other words, we anticipate where you're going to go.”

“And we've consistently seen our Uber Reserve service growth rates continue to grow well in excess of the Mainline business.”

“Just the interaction between AVs and real life is something that is critical.”

“And that kind of creates the circumstances where we think you can build a very, very healthy financing ecosystem.”

“This is, we think, another $1 trillion TAM.”

“I think if you look at Uber, we have been using AI tools, whether it's for pricing or matching or routing for years and years.”

“And number one is the membership benefits themselves.”

“And we've taken most of the economics of that deal, and we are giving it back to our Uber One members.”

“Travel is a very, very natural category for us to get into.”

“Driver earnings are up, more drivers are joining those platforms as well.”

“There's a rolling list of 10,000 hotels where you get another 20% off as well.”

“And with the launch of Uber Autonomous Solutions, we're building the technical and operational infrastructure to help our partners commercialize faster.”

“And 3/4 of the rides on Uber, we have successfully actually predicted with AI algorithms where we think you're likely to go.”

“And globally, just last year, we had over 1.5 billion trips happening outside one of our users' home cities.”

“The growth of cross-platform consumers is growing 1.5x faster than the overall growth of consumers.”