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Uber CEO sees robotaxi rollout as 'multitrillion-dollar' opportunity
Uber stock slips on profit outlook miss, but CEO bullish on autonomous vehicle plans
Feb. 4, 2026 at 10:23am
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Uber's stock fell in early trading after the ride-hailing company missed profit forecasts for the first quarter, but CEO Dara Khosrowshahi remained bullish on the company's autonomous vehicle plans, calling it a 'multitrillion-dollar opportunity' for Uber. The company also announced a new CFO, Balaji Krishnamurthy, replacing Prashanth Mahendra-Rajah.
Why it matters
Uber's autonomous vehicle ambitions are seen as crucial to the company's long-term profitability, as it looks to reduce driver costs. However, the path to deploying self-driving cars at scale has proven challenging for many companies. Uber's ability to execute on its robotaxi plans will be closely watched by investors.
The details
Uber forecast first quarter adjusted earnings per share (EPS) in a range of $0.65 to $0.72, missing estimates of $0.77. Adjusted EBITDA for the quarter of $2.37 billion to $2.47 billion also missed the midpoint of analyst estimates. Despite the profit miss, Khosrowshahi expressed optimism about Uber's autonomous vehicle plans, saying the company is 'even more convinced that AVs will unlock a multitrillion-dollar opportunity for Uber.' Uber recently partnered with Lucid and Joby Aviation to build out its robotaxi fleet and services.
- Uber announced new upcoming service markets, including Houston, Hong Kong, Madrid, and Zurich, though it did not provide a specific timeline.
- Uber previously said it expects to make robotaxis available alongside regular human drivers in more than 10 markets by the end of 2026.
The players
Dara Khosrowshahi
The CEO of Uber who expressed optimism about the company's autonomous vehicle plans.
Balaji Krishnamurthy
The new CFO of Uber, replacing Prashanth Mahendra-Rajah.
Lucid
An automaker that Uber has partnered with to build out a robotaxi fleet.
Joby Aviation
An aviation company that Uber has partnered with to bring its helicopter service to the Uber platform.
Waymo
Alphabet's autonomous vehicle company, which Uber currently works with for booking robotaxis in Austin, Texas, and Atlanta.
What they’re saying
“Having learned from our AV [autonomous vehicle] deployments thus far, we are even more convinced that AVs will unlock a multitrillion-dollar opportunity for Uber.”
— Dara Khosrowshahi, CEO (Yahoo Finance)
“Having delivery and freight as part of a logistics system gives us the ability to use them at higher utilization, which is a structural advantage that no one else has.”
— Dara Khosrowshahi, CEO (Yahoo Finance)
What’s next
Uber plans to make robotaxis available alongside regular human drivers in more than 10 markets by the end of 2026.
The takeaway
Uber's ambitious plans for autonomous vehicles are seen as crucial to the company's long-term profitability, but the path to deploying self-driving cars at scale has proven challenging. Investors will be closely watching Uber's ability to execute on its robotaxi strategy and capitalize on what the CEO calls a 'multitrillion-dollar opportunity.'
