New York, Feb 16, 2026, 18:59 EST — The market has shut for the day.
- Uber is eyeing seven new European markets for its food delivery arm in 2026, chasing an extra $1 billion in gross bookings across the next three years.
- UBER finished Friday at $69.99, slipping 1.73%.
- Europe execution costs, competition, and a packed U.S. macro calendar later this week are all on investors’ minds.
Uber Technologies Inc plans to roll out its food-delivery services across seven more European countries in 2026, targeting the Czech Republic, Greece, Romania, Austria, Denmark, Finland, and Norway. The company projects that this move could add $1 billion in gross bookings—meaning total orders and trip values—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 chief. 1
The timing is key: with U.S. markets closed Monday for Washington’s Birthday, investors get an extra day to digest the plan—no U.S. trading session means no immediate price action. The real test for Uber and the broader tech sector won’t hit until the NYSE opens again on Tuesday. 2
Uber slipped 1.73% to end Friday at $69.99, with about 26.5 million shares changing hands. That keeps the stock far from its 52-week peak of $101.99—a clear sign of how quickly the market can turn on growth plays when margin questions start to surface. 3
Uber’s delivery drive in Europe is running into fierce competition from entrenched rivals like Wolt and Deliveroo, the Financial Times said. The company has turned its ride-hailing users and Uber One subscribers into delivery customers to grab more share in places like Britain and Germany, according to the paper. 4
Uber is set for a C-suite shuffle on Feb. 16, with CFO Prashanth Mahendra-Rajah stepping down and Balaji Krishnamurthy moving in, according to an SEC filing. CEO Dara Khosrowshahi called Krishnamurthy “trusted by investors” and said he knows Uber’s business “inside and out.” Mahendra-Rajah isn’t leaving just yet—he’ll stay on as a senior finance adviser until July 1. 5
Uber’s European push comes on the heels of its deal earlier this month with Mubadala Investment Company to snap up Getir’s delivery operations in Türkiye—food, grocery, retail, and water included. The agreement kicks off with Uber paying $335 million in cash for Getir’s food delivery unit, plus a $100 million investment to grab a 15% stake in its grocery, retail, and water segment, according to the filing. The food delivery buy is slated to close in the back half of 2026, pending regulatory clearance and other standard hurdles. 6
Delivery remains all about scale, and Europe isn’t a cheap market to break into. Expanding into new regions typically brings a wave of discounts and marketing outlays, not to mention the need to sweeten the deal for couriers—costs that tend to pile up before the basic numbers start to make sense.
The danger? Uber may end up burning cash for longer if rivals keep the pressure on, or if tougher gig work regulations drive up expenses. Weakening consumer demand wouldn’t do it any favors, and fluctuations in foreign exchange add another layer of unpredictability with revenue coming in from so many currencies.
Tuesday’s session will bring a close look at UBER, with traders eyeing initial moves and any new hints on rollout timelines or associated spending. Looking past corporate updates, the Federal Reserve plans to release minutes from its Jan. 27-28 meeting on Feb. 18 at 2 p.m. ET—a regular drop that tends to jolt rate bets and, by extension, the higher-flying tech names. 7
