New York, Feb 16, 2026, 14:25 (EST) — The market has closed.
- Uber shares ended the last session down, just before the U.S. market holiday.
- Uber plans to bring Uber Eats to additional European countries in 2026.
- Attention turns to Tuesday, when markets reopen and investors get their first shot at reacting, along with any fresh info on costs and approvals.
Uber Technologies, Inc. heads into the spotlight again as trading picks up, following word that the company will push its Uber Eats food delivery service into seven more European markets in 2026. The move, according to Uber, could tack on $1 billion in gross bookings throughout the next three years. “Strong demand” is how Susan Anderson, who leads the company’s global delivery unit, described the current trend on the platform. Shares ended Friday’s session down 1.7%, settling at $69.99. (Reuters)
With U.S. stock markets closed for Presidents Day, investors have a pause until trading resumes Tuesday on the New York Stock Exchange and Nasdaq. (Barron’s)
Uber is jumping into a European delivery market already packed with established names like Wolt and Deliveroo, according to the Financial Times. The FT also highlighted a wave of consolidation in the sector—Prosus has moved to take Just Eat Takeaway private, while DoorDash snapped up Deliveroo. (Financial Times)
Gross bookings, just to be clear, aren’t the same as revenue—they reflect the full value of orders and rides processed on the platform before any payments go out to drivers, couriers, or merchants. The figure offers a quick read on demand, but what investors usually zero in on are margins and what it actually costs to grab market share.
Uber is pushing further into Türkiye’s delivery market. The company struck a $335 million cash deal to acquire Getir’s food delivery arm and announced plans to spend an additional $100 million for a 15% share in Getir’s broader business. Turkish regulators haven’t signed off yet. That’s according to Reuters last week. (Reuters)
Leadership changes are underway. According to a regulatory filing, Uber’s CFO Prashanth Mahendra-Rajah will exit on Feb. 16, handing the reins to Balaji Krishnamurthy. CEO Dara Khosrowshahi described Krishnamurthy as “trusted by investors” and noted his deep familiarity with Uber’s operations, saying he knows the business “inside and out.” (SEC)
The situation around Getir remains complicated. According to the Financial Times, Getir’s founders have taken Mubadala to court in London, accusing it of violating terms from a 2024 asset split agreement after Mubadala sold the Turkish food delivery arm to Uber for $335 million. (Financial Times)
The other wild card here: competition. Price wars and slim profits have dogged Europe’s delivery market, with fresh rollouts in new countries often needing a heavy dose of discounts, marketing spend, and courier perks long before they start to generate returns.
The next real inflection point for investors lands on Tuesday, Feb. 17—U.S. markets come back online, and Uber shares finally get to factor in the European expansion plan. That’s also when traders will start digesting any fresh details on rollout expenses, the timeline, and where things stand with the Türkiye deal.
