BUL
UBER
ULTA
The market said “cool story, bro”
Uber had a decent quarter on paper: revenue came in at $13.20 billion, up 14% year over year, and adjusted EPS hit 72 cents, topping estimates. But the Street is being picky these days, and the revenue miss versus the $13.29 billion consensus gave traders enough excuse to hit the brakes.
The real carrot: Q2 guidance
For the second quarter, Uber said gross bookings should land between $56.25 billion and $57.75 billion, which implies constant-currency growth of 18% to 22%. It also guided adjusted EPS to 78 cents to 82 cents, basically in line with expectations. Translation: the business is still growing like it has somewhere to be, even if the stock didn’t get the standing ovation.
Uber Eats wants to be your everything app
Separately, Uber and Ulta Beauty said more than 1,500 Ulta stores are now live on Uber Eats. That means you can order skincare, fragrance, makeup, and haircare the same way you order a late-night burrito — because apparently convenience now comes in mascara form.
The partnership matters because it shows Uber keeps stretching Uber Eats beyond food delivery into retail categories. If that works, it’s one more way to make the app stickier and the revenue mix less dependent on meals alone.
Why investors should care
The stock was down anyway, with broader equities cooling off and higher-beta names taking a nap. So you’ve got the classic Uber cocktail: solid growth, decent guidance, and a market that’s currently more interested in finding flaws than giving gold stars.
Big picture: Uber is still proving it can grow, but the market wants perfection — and maybe a little retail-delivery magic from Ulta too.