u/Puginator

Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations.

The stock climbed 10% following the earnings release.

Here’s how the company did versus Wall Street’s expectations, according to estimates compiled by LSEG:

• Earnings per share: 13 cents vs. 70 cents expected
• Revenue: $13.2 billion vs. $13.29 billion expected

Uber said its net income took a $1.5 billion hit due to the revaluation of equity investments. On a non-GAAP basis, earnings per share came to 72 cents, the company said in its earnings release on Wednesday. Uber has equity investments in Didi and Grab, both based in Asia.

Because of the “pre-tax headwind” from the revaluations, net income fell to $263 million from $1.78 billion a year earlier. Revenue in the quarter increased 14% from $11.5 billion a year ago.

Uber’s delivery segment, the fastest-growing part of the business, recorded 34% revenue growth to $5.07 billion from $3.78 billion in the same quarter last year. That topped the average analyst estimate of $4.89 billion, according to StreetAccount.

The company said delivery growth was strong in Australia, Japan, and the U.K.

The revenue miss was due to the performance of Uber’s mobility, or ride-hailing, business. Sales rose 5% from a year earlier to $6.8 billion, while analysts had expected revenue of $7.11 billion, according to StreetAccount.

In prepared remarks ahead of the earnings call, CEO Dara Khosrowshahi said Uber faced a “complex macro backdrop marked by weather disruptions, geopolitical tensions, and gas price volatility.” Since the U.S. began combat operations in Iran in February, gas prices in the U.S. have jumped about 50%.

The higher prices are particularly challenging for Uber drivers, who foot the bill for their fuel. In late March, Uber unveiled some fuel discounts and other offers for drivers that are set to last through nearly the end of May.

The company reported 3.6 billion trips during the first quarter. Gross bookings increased 25% to $53.7 billion, beating the $52.8 billion average estimate. For the second quarter, the company expects bookings of $56.25 billion to $57.75 billion, ahead of $56.17 billion consensus estimate.

Uber has been investing in autonomous vehicles, and plans to buy AVs from some of its partners, including Waabi, Wayve, Rivian and Nuro, after they’re validated as safe to operate without a human supervisor or driver on board.

The company’s AV partners also include robotaxi service providers, such as Alphabet’s Waymo and WeRide in China, that want their self-driving vehicles to be available via the Uber app,

Uber is selling services like custom insurance, operations and maintenance, and training data to the AV industry.

In an effort to reduce costs internally, Uber has adopted artificial intelligence for engineering productivity and is moderating its hiring. The company said in prepared remarks that 95% of its engineers now use AI coding tools monthly, with more than 10% of the company’s code “written autonomously by AI coding agents.”

Source: https://www.cnbc.com/2026/05/06/uber-uber-2026-q1-earnings.html

Advanced Micro Devices reported first-quarter earnings Tuesday that topped expectations, while the company’s revenue forecast also exceeded estimates as demand soars for chips to power artificial intelligence workloads.

The stock ripped 20% higher in premarket trading on Wednesday.

Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended in March:

• EPS: $1.37 vs. $1.29 adjusted expected
• Revenue: $10.25 billion vs. $9.89 billion expected

Revenue climbed 38% from $7.44 billion a year ago, the company said in a release on Tuesday. Data center sales increased 57% to $5.8 billion from $3.67 billion in the same period a year earlier. Net income rose to $1.38 billion, or 84 cents per share in the quarter, from $709 million, or 44 cents per share, a year ago.

For the second quarter, AMD said it expects about $11.2 billion in revenue, versus expectations of $10.52 billion, according to LSEG.

Source: https://www.cnbc.com/2026/05/05/amd-q1-2026-earnings-report.html

Disney on Wednesday reported quarterly revenue that exceeded analyst expectations, once again driven by its streaming and theme park units. Shares of the company gained roughly 5% in premarket trading.

The company’s experiences segment, which includes Disney’s theme parks and cruises, reported nearly $9.5 billion in revenue, up 7% year over year. While global guest attendance grew 2%, domestic park visitation declined 1% compared to last year. Disney said international visitation at domestic parks was softer, a trend that continued from the prior quarter.

Yet despite macroeconomic trends and uncertainty for consumers, including related to the U.S.-Israel attacks on Iran in late February, which have caused oil prices to surge, Disney said demand at its domestic parks remained healthy. The company also reported an increase in guest spending during the quarter.

“We continue to see a strong consumer. While there may be some concerns around the macros and specifically around the price of fuel, we have not seen any evidence of that,” Disney CFO Hugh Johnston told CNBC’s Julia Boorstin. He added that bookings for the second half of the year “are quite strong.”

Here’s how Disney performed in its fiscal second quarter, ended March 28, compared with what Wall Street expected, according to LSEG:

• Earnings per share: $1.57 adjusted
• Revenue: $25.17 billion vs. $24.78 billion expected

Overall revenue for the company’s fiscal second quarter increased to $25.17 billion, up 7% from the same period last year. 

Net income for the quarter was $2.47 billion, or $1.27 per share, down from $3.4 billion, or $1.81 a share, in the same period last year. 

Adjusting for one time items, including ESPN’s acquisition of the NFL Network and other media assets, Disney reported $1.57 in earnings per share. It was not immediately clear if that reported EPS was comparable to Wall Street estimates of $1.49, according to LSEG. 

Disney provided additional details on its fiscal 2026 guidance, which includes full-year adjusted earnings growth of about 12%. The company also said it was targeting at least $8 billion in share repurchases for the fiscal year, up from the previously announced $7 billion. In addition, the company expects third-quarter total segment incoming of roughly $5.3 billion. 

For its fiscal 2027 year, Disney said it expects double-digit growth in adjusted earnings.

The report marks the first since Josh D’Amaro took over as CEO in March. Under the new CEO, who replaced Bob Iger after his two turns at the helm totaling roughly 20 years, Disney has already been through a round of layoffs and has faced mounting political pressure surrounding its late night TV host Jimmy Kimmel.

On Wednesday, D’Amaro outlined his strategic plans for future growth and opportunities – much of which focused on investing in intellectual property and advancing the technology around its storytelling. 

These elements were highlighted as propelling the company’s theme parks and streaming businesses in particular.

Disney’s entertainment segment – which includes its traditional TV, streaming and theatrical releases – saw revenue increase 10% to $11.72 billion compared to the same period last year. Entertainment revenue got a 4% boost from the closed Fubo deal, Disney said. 

Subscription and affiliate fees increased 14% to $7.8 billion, boosted by recent streaming price hikes. Advertising revenue was also up, jumping 5%, in part due to higher impressions linked to streaming. 

Recent box office wins, including “Avatar: Fire and Ash,” and “Zootopia 2,” also helped lift the unit’s revenue. 

Last quarter Disney stopped reporting some details for the entertainment segment, including the breakdown of revenue and operating income for its linear TV networks. The company has also stopped reporting quarterly streaming subscriber numbers.

The continued declines in linear TV due to the consumer shift to streaming has weighed on Disney and its peers in prior quarters. 

Disney reports results for ESPN in its sports segment, which saw revenue grow 2% to $4.61 billion in the quarter. The increase was tied to higher subscription and affiliate fees, as well as the NFL media deal. 

The company noted there were higher costs compared to the prior-year quarter for the sports segment due to both contract rate increases and costs for new sports rights. While live sports garner the biggest audiences, the cost to broadcast games has risen significantly. 

ESPN’s direct-to-consumer streaming app – which launched in August – was a bright spot in the most recent quarter. The company said revenue generated from its digital subscribers during the period more than offset the declines in the traditional TV ecosystem.

Source: https://www.cnbc.com/2026/05/06/disney-dis-earnings-q2-2026.html

Meta shares fell in extended trading on Wednesday after the company reported lower-than-expected capital expenditures and missed on user growth.

Here’s how the company did, compared with estimates from analysts polled by LSEG:

• Earnings per share: $7.32 adjusted. The number is not comparable to estimates.
• Revenue: $56.3 billion vs. $55.45 billion estimates

Capital expenditures came in at $19.84 billion, below the $27.57 billion average estimate, according to StreetAccount.

Meta reported first-quarter daily active people, or DAP, of 3.56 billion, a 4% increase from the previous year. Wall Street was projecting that DAP would come in at 3.62 billion.

Source: https://www.cnbc.com/2026/04/29/meta-q1-earnings-report-2026.html

Amazon posted better-than-expected earnings and revenue for the first quarter on Wednesday.

Here’s how the company did, compared with estimates from analysts polled by LSEG:

• Earnings per share: $2.78 vs. $1.64
• Revenue: $181.52 vs. $177.30 billion

Wall Street was also looking at other key revenue numbers:

• Amazon Web Services: $37.59 billion vs. $36.64 billion, according to StreetAccount
• Advertising: $17.24 billion vs. $16.87 billion, according to StreetAccount

Source: https://www.cnbc.com/2026/04/29/amazon-amzn-q1-earnings-report-2026.html

Alphabet reported first-quarter earnings after the bell Wednesday.

• Earnings per share: $5.11
• Revenue: $109.9 billion vs $107.2 billion expected by analysts polled by LSEG

It is unclear if EPS was comparable to the $2.63 expected by analysts polled by LSEG.

Wall Street was also watching several other numbers in the report:

• Google Cloud: $20.02 billion vs. $18.05 billion estimated, according to StreetAccount
• YouTube advertising: $9.88 vs. $9.99 billion estimated, according to StreetAccount
• Traffic acquisition costs: $15.22 vs. $15.3 billion estimated, according to StreetAccount

Source: https://www.cnbc.com/2026/04/29/alphabet-googl-q1-2026-earnings.html