New York, Feb 16, 2026, 18:59 EST — Market closed.
- Uber plans to expand food delivery into seven European markets in 2026, targeting $1 billion in added gross bookings over three years.
- UBER shares last closed Friday down 1.73% at $69.99.
- Investors are weighing Europe execution costs, competition and a busy U.S. macro calendar later this week.
Uber Technologies Inc said it will expand its food-delivery business into seven new European markets in 2026, adding services in the Czech Republic, Greece, Romania, Austria, Denmark, Finland and Norway. Uber expects the push to generate an additional $1 billion in gross bookings — the total value of orders and trips on its platform — over the next three years. “We think it’s time to raise the bar, shake things up and deliver better value across the category,” said Susan Anderson, Uber’s global delivery head. (Reuters)
The timing matters because markets are shut on Monday for Washington’s Birthday, leaving investors to chew over the plan without a U.S. session to price it. The first real read-through, for Uber and the rest of the tech-heavy tape, comes when NYSE trading resumes on Tuesday. (New York Stock Exchange)
Uber shares last closed on Friday down 1.73% at $69.99, with roughly 26.5 million shares traded. The stock remains well below a 52-week high of $101.99, a reminder that sentiment has swung hard on growth names when the margin story gets cloudy. (Investing)
In Europe, the delivery push puts Uber up against established players such as Wolt and Deliveroo, the Financial Times reported. Uber has leaned on its ride-hailing customer base and its Uber One subscription to build share in markets including Britain and Germany, the newspaper said. (Financial Times)
Uber also has a leadership handover landing on Feb. 16. Chief Financial Officer Prashanth Mahendra-Rajah steps down and Balaji Krishnamurthy takes over, an SEC filing showed. Chief Executive Dara Khosrowshahi said Krishnamurthy is “trusted by investors” and knows Uber’s business “inside and out”; Mahendra-Rajah will stay on as a senior finance adviser through July 1. (SEC)
The Europe rollout follows Uber’s agreement this month with Mubadala Investment Company to acquire Getir’s delivery portfolio in Türkiye, including food, grocery, retail and water delivery. The deal starts with buying Getir’s food delivery business for $335 million in cash and includes a $100 million investment for a 15% stake in Getir’s grocery, retail and water business, the filing said. Uber said the food-delivery acquisition is expected to close in the second half of 2026, subject to regulatory approval and other conditions. (SEC)
Delivery is still a scale business, and Europe can be expensive to crack. New markets often mean discounts, marketing and courier incentives before the unit economics settle.
The risk is that competition forces Uber to spend longer than expected, or that local rules around gig work tighten in ways that lift costs. A softer consumer backdrop would not help either, and foreign-exchange moves can distort results when revenue is spread across multiple currencies.
Traders will watch Tuesday’s reopen for early positioning in UBER and any fresh detail on rollout timing and costs. Beyond the company headlines, the Federal Reserve is due to publish minutes from its Jan. 27-28 meeting on Feb. 18 at 2 p.m. ET, a scheduled event that can swing rate expectations and, with them, richly valued tech shares. (Federalreserve)
