# $1.6bn of Uber's $2.4bn second-quarter profit is a mark-up on stakes it holds — a $14.8bn bid for Delivery Hero, and 61% of its Aurora shares are pledged

![$1.6bn of Uber's $2.4bn second-quarter profit is a mark-up on stakes it holds — a $14.8bn bid for Delivery Hero, and 61% of its Aurora shares are pledged](https://aiswingx.com/static/covers/uber-2026q2_cover.jpg?v=1790012633)

**Q2 2026 10-Q: gross bookings $58.0bn (+24%), revenue $14.2bn (+12%), operating income $1.9bn (+30%). Most of the 77% rise in net income comes from a $1.1bn remeasurement of the Delivery Hero stake and an $899m gain on Aurora, less a $437m loss on Didi. On July 16 Uber agreed to bid €41.50 a share for all of Delivery Hero, targeting closing in the second half of 2027**

Uber (UBER) reported revenue of $14,191m for the second quarter of 2026, up 12% from a year earlier, and operating income of $1,890m. Net income rose 77% to $2,394m — and the other-income table in the 10-Q filed on August 5 shows that the increase came not from operations but from changes in the book value of stakes Uber holds.

- 종목: UBER (Uber)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-21 17:44 UTC · 업데이트: 2026-09-21 17:59 UTC
- 원문: https://aiswingx.com/p/uber-2026q2

## 숫자 하나
Q2 gains on debt and equity securities +$1,612m (Delivery Hero +$1.1bn, Aurora +$899m, other +$102m, Didi −$437m) = 49% of pre-tax income of $3,277m. Delivery Hero offer: €41.50 per share in cash, $14.8bn equity value for 100%. About 61% of Uber's Aurora Class A shares are pledged against the 2028 exchangeable notes.

## 비유 하나
(구독자 전용)

## 출처 하나
Uber Form 10-Q for Q2 2026: statement of operations, 'Other income (expense), net' components note, investments note (Didi, Grab, Aurora, Lime), equity-method investments note (Delivery Hero 24.99%, $1.1bn remeasurement gain), subsequent events (Delivery Hero offer), MD&A key metrics

## 다음 분기에 볼 것
(구독자 전용)

---

## What happened

Uber (UBER) is a ride-hailing and delivery platform.

Its Q2 2026 quarterly report (10-Q) shows gross bookings of **$58,022m**, up 24% from a year earlier, revenue of **$14,191m** (+12%) and operating income of **$1,890m** (+30%). Net income was **$2,394m**, up 77% from $1,355m.

The reason net income grew far faster than operating income is in the other-income table. Q2 **gains on debt and equity securities were +$1,612m** (−$17m a year earlier). According to the company they comprise a **$1.1bn remeasurement gain on the Delivery Hero stake**, an **$899m gain on Aurora**, +$102m on other investments and a **$437m loss on Didi**. That is 49% of pre-tax income of $3,277m.

---

(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## 관련 뉴스
- [UBER or GRAB: Which Ride-Hailing Stock Holds More Promise Now?](https://news.google.com/rss/articles/CBMitwFBVV95cUxOLTQ0ejNwcWhuYkRDZ1dwSjdHZmFTZGkwYUtrZktPY3RJTGtzRTFlZVpHQlJMMElGNUhEWWN3WHVwaFRWX1VtekJ0ZkZOZW00VFlTSG80M1ZrdG14bGhQX2NEOUo5dnBYU0RhZkZQMGVyenI3ZUtKMWVYLWpDelZsbnhqWVFmRVgtOUVNeFV6UkVjelZ3dDZyM1lvdnd4b09DV1dRUHgwTGNoZXJLZ0NRN0RkenA1SUE?oc=5) — TradingView
- [Uber Technologies stock heads into the open after a 0.52% dip](https://news.google.com/rss/articles/CBMiywFBVV95cUxOSEhzbUdpd01FREgwNHgyeF9MbGVkTk5UMTR1MUh5Z004bU1QN1RpQi12M0xIY1NpUUtZUi1sVXk0NFRfdXBkbWdxWmxURkxhaHJPemxFMWZVdzc5UERoSDkyclRKeW9keHFha212X3A4aWp2N25jRDVYSVRhZDlhcFlfdlJQazhSWW8tR2ZaWmc2WExjczRuTHd3S3N6d2syUUxrY041dnJBZ3RRS2VnYi1HWExKV0ZZTWs4eS1JLWdCQWRPX05ZaUtBQQ?oc=5) — AD HOC NEWS
- [Uber Technologies stock steadies as CEO share purchase and Uber Elite launch draw focus](https://news.google.com/rss/articles/CBMizAFBVV95cUxPZVNwbzlnLXo1STFQU085d0d2WXNtUHlFZkROQ19tNWtzel9rem53TDE1cUY5Q3JCaVZ3YlM4U3N3emNaVF9BZ2NZWU1jaDVZcWxVeGYwRGh3NHV2b1NfUkppcDhvZEhsdUxuN3kwZjViYUZLVy1tdEJObXZEQlNZSkxNZ2VhYXF6X1JvOFRWNUJWYWprZUFjV0V1TWdFSnBUWEY3RUZwcVZHTWRVQzhhNzI3QUxKR3RVcW5RTncyLWNzQzBqZ1VGRmUzS28?oc=5) — AD HOC NEWS
- [Delivery Hero stock rises after Uber buyout deal and FY26 guidance raise](https://news.google.com/rss/articles/CBMi0AFBVV95cUxOS1cyVVJGU00zTVVqOVpKd1AtR0xrbENIZG96WTJRSXhSd3FtQWFIMTE4dGxnYklINHltTEVMQnY1REp2WGJkTHFUQnNDRGF6MTFhTVFYWVNrY3NSMnBvbnJOamVVM2d3b2t3M2dVVkZjbk5TOS1MRkdpVDRPeExuYmV3ZDZmRUlfRERVMUFnUFFhTzA5RFFYbmRVeWNQTnM4TjJvWUV1VF8zZnh0cy1OUWVVNmlGUk12SUhPRW9jcWRKMTVQd0FpcklNNEFJeVlh?oc=5) — AD HOC NEWS
- [Billionaire Bill Ackman Has 13% of Pershing Square Capital Management's $19 Billion Hedge Fund in 1 Stock That's 31% Below Its 52-Week High](https://news.google.com/rss/articles/CBMikAFBVV95cUxPUTZXazJ0aWYtUGNvTlFMMVRVUzhrUFpWSWZBVVZTMGtKREYtYU5vbUl1NWw5SjFXdFRuMEdfM2xoYVNYXzk0dV9wc1dPUjZYSzB0LS12UjI2RkRWcjRiN0RNREdWZnVHZl9vQmR3OUtlM29OOTBYUEk4cUJQQ2dORzRKMk9held0UzB2YWpocms?oc=5) — fool.com
- [What Does Uber Technologies (UBER) Owe After The $40 Million Common Carrier Ruling?](https://news.google.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?oc=5) — simplywall.st

## FAQ

**Q. What is profit without the valuation gains?**

The 10-Q discloses pre-tax gains on securities of $1,612m separately. Subtracting them from pre-tax income of $3,277m leaves $1,665m, 11% above the $1,504m of a year earlier (a simple subtraction; the after-tax effect is not disclosed). Operating income rose 30%. What this composition means is explained in the subscriber section.

**Q. How will the Delivery Hero acquisition be funded?**

The 10-Q does not say. Cash at June 30 was $4,870m; share repurchases were $3,010m in Q2 and $3,529m in the first half.

**Q. Why did the Didi stake fall?**

Uber values its non-marketable Didi stake using the closing price of Didi ADSs on the over-the-counter market. The carrying value fell from $3,011m at December 31 to $1,900m at June 30, and a $437m loss was recorded in Q2 other income.

**Q. Where can I verify these numbers?**

On SEC EDGAR: Uber's Q2 2026 Form 10-Q (accession 0001543151-26-000032), the other-income components table, the investments note, the equity-method (Delivery Hero) note, subsequent events and the MD&A key metrics.