US MOBILITY : Mobility & Delivery Monthly | Apr. - UBER & DASH Trending In-line, NEW SURVEY INTRODUCED

Research evidence excerpt

US MOBILITY : Mobility & Delivery Monthly | Apr. - UBER & DASH Trending In-line, NEW SURVEY INTRODUCED

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US MOBILITY

Mobility & Delivery Monthly | Apr. - UBER & DASH Trending

In-line, NEW SURVEY INTRODUCED

Each month, our tracker will surface key macro, industry, and 3P data trends to: (1) assess shifts in13 MAY 2026

Securities Research Report intra-quarter sentiment and performance expectations, and (2) identify emerging longer-term trends.

Production time: 12:43* (London time)

Research Analysts & Publishing Entities Industry data points to stable underlying trends

Nick Jones Delivery-related spend maintained 15-16% share of total U.S. PCE. In April, Waymo began servicing

BNP Paribas Securities Corp1 public riders in Nashville (link). Waymo also opened to the general public in Miami and Orlando (link).

+1 (929) 742-0211

nick.2.jones@us.bnpparibas.com In the meantime, Uber plans to invest more than $10 billion in robotaxis (link).

Valerie Zhang, CFA Uber (Outperform, $108 TP) – tracking in-line with expectation

BNP Paribas Securities Corp1

Our regression indicates that Uber is pacing slightly below the Street’s $55.8B gross bookings(+1) 201 686 3261

valerie.zhang@us.bnpparibas.com (Mobility and delivery) estimate. Given our ~2% standard error and Uber’s growing GOV per MAU,

we view Uber as tracking in-line with expectations, implying y/y growth of 23%.Luke Meindl

+1 (201) 686-6757 DoorDash (Outperform, $275 TP) – tracking in-line with expectation

luke.meindl@us.bnpparibas.com Our regression indicates that DoorDash is pacing slightly behind the Street’s GOV estimate,

excluding an estimated ~$3.3B in GOV from Deliveroo. Given our ~2% standard error and DASH’s