Uber sets driverless fleet targets and announces Waymo partnership end
Uber reported third‑quarter 2026 results and disclosed that it aims to have about 700 fully driverless vehicles on its platform by Dec. 31, 2026, expanding to over 2,000 by the end of 2027. The company said it will invest $10 billion in autonomous transportation and guided Q4 adjusted EBITDA of $3.13‑$3.23 billion and non‑GAAP EPS of $0.95‑$0.99. Hours after the earnings release, Waymo announced it will end its exclusive partnership with Uber in Austin and Atlanta, effective Jan. 2028.
Why it matters
Uber’s CEO said the larger autonomous fleet will raise trips per vehicle and improve fleet profitability, which the company expects to become a significant source of earnings growth (source 5). The Q4 guidance signals higher earnings than the prior quarter, giving investors a view of near‑term financial performance (source 2).
Key facts
- 1Uber expects approximately 700 fully driverless vehicles on its platform by Dec. 31, 2026. techtimes.com
- 2Uber targets more than 2,000 driverless vehicles by the end of 2027. techtimes.com
- 3Uber plans to invest $10 billion in autonomous transportation. finance.yahoo.com
- 4Q3 gross bookings were $59.8 billion, up 20% year‑over‑year on a constant‑currency basis. techtimes.com
- 5Q3 revenue was $14.75 billion, up 10% year‑over‑year. theregister.com
- 6Uber guided Q4 adjusted EBITDA of $3.13 billion to $3.23 billion. techtimes.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.