Uber shares jump 5.2% after announcing robotaxi partnership with Autobrains in Munich

Uber announced a strategic partnership with Israeli AI firm Autobrains to launch a robotaxi program in Munich, Germany, integrating Autobrains' autonomous driving technology with Nvidia's DRIVE Hyperion platform. Munich is planned as the first city to host the program.

In first-quarter 2026, Uber posted revenue of $13.2 billion (14.5% year-over-year growth), adjusted earnings per share of $0.72, and adjusted EBITDA of $2.48 billion. Monthly Active Platform Consumers increased by 29 million year-over-year to 199 million.

Following the announcement, Uber shares rose 5.2% in the afternoon session and settled at $74.09, up 5% from the previous close. The stock is down 10.6% since the beginning of the year and trading 26% below its 52-week high of $100.10 from October 2025.