UBER · Earnings call · 2026Q3T · Full report

U.S. Mobility Growth Drivers

Uber Technologies, Inc · 2026-11-04 · Importance 41 · Surprise 48

Uber said U.S. mobility growth moderated somewhat in Q3 but remained relatively resilient compared with international markets, with supply pressure also present domestically. California trip growth continued to outperform the rest of the country. Uber’s U.S. barbell products—including Wait & Save, Comfort, Reserve, and Black—grew at three times the overall business rate, supported by offerings for teens and women. Management also sees runway in U.S. sparse markets, where fewer than 10% of eligible consumers used Uber in the prior 12 months, compared with 50% in dense markets.

Key facts

• Uber said elevated gas prices and some driver-supply pressure affected U.S. Mobility, and it was responding with targeted supply investments.
• Uber said its U.S. Mobility growth was relatively resilient versus international trends, although growth moderated somewhat in Q3 2026.
• Uber’s U.S. barbell products grew at three times the rate of the overall business in Q3 2026.
• Fewer than 10% of eligible consumers in Uber’s U.S. sparse markets had used Uber in the prior 12 months, compared with 50% of consumers in dense markets.
• Uber said insurance tailwinds continued to build in the United States and California trip growth continued to outperform the rest of the country.
• Uber cited Wait & Save, Comfort, Reserve, Black, and products for teens and women as drivers of its U.S. product strategy.