Uber Stock Drops as Bookings Guidance Disappoints; CEO Bets on Robotaxi Push

3-line summary

• Uber's Q2 gross bookings of $58.0 billion beat the $57.17 billion estimate, up 24% year-over-year, and adjusted EBITDA of $2.82 billion topped the $2.79 billion consensus, but shares fell 4% after Q3 gross bookings guidance of $58.25-$60.25 billion missed the $59.32 billion analyst consensus at the midpoint, according to the report.
• CFO Balaji Krishnamurthy cited a roughly 1-percentage-point currency headwind, while CEO Dara Khosrowshahi said Uber is investing "from a position of strength" to build the largest autonomous-vehicle platform, per the report.

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