Core Insights - Uber Technologies reported a strong fourth quarter but faces investor skepticism regarding future profitability due to margin compression concerns [1][2] - Analysts have lowered price targets for Uber, reflecting weak future guidance despite solid Q4 performance [3] Financial Performance - Uber's Q4 non-GAAP EPS was $0.71, a 27% increase year over year, with Q1 2026 EPS estimates ranging from $0.65 to $0.72 [4] - The company achieved gross bookings of $54.1 billion, up 22% year over year, and revenue of $14.4 billion, up 20% year over year [4] - Reported EBITDA was $2.49 billion, slightly above the consensus of $2.48 billion, indicating ongoing investment in growth initiatives [5] Future Guidance - For Q1, Uber expects EBITDA between $2.37 billion and $2.47 billion, compared to the Street's consensus of $2.45 billion [7] - Gross bookings are projected to be between $52.0 billion and $53.5 billion, exceeding the Street consensus of $51.4 billion [7] - The anticipated EBITDA margin is expected to decline to 5.6%, down from 7.3% reported for 2025, raising concerns about increasing expenditures [7] Strategic Initiatives - UberOne membership increased by 55% to over 46 million globally, reflecting successful membership growth strategies [6] - The decline in Mobility take rate aligns with Uber's strategy to invest in lower-cost ride products, positioning the company competitively [6]