UBER – BUY – Vamos A La FIFA! Near-Term Investor Focus on World Cup, Delivery Hero, and 2H AV Rollouts

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UBER – BUY – Vamos A La FIFA! Near-Term Investor Focus on World Cup, Delivery Hero, and 2H AV Rollouts

June 9, 2026

Taylor Manley taylor.manley@guggenheimpartners.com UBER – BUY – Vamos A La FIFA! Near-Term Investor

804 253 1336 Focus on World Cup, Delivery Hero, and 2H AV

Michael Morris, CFA

michael.morris@guggenheimpartners.com Rollouts

804 253 8025

Charles Wilber Key Message: We believe near-term investor focus is on the 1) World Cup impact, 2) charles.wilber@guggenheimpartners.com pending Delivery Hero acquisition, and 3) 2H Autonomous Vehicle (AV) launches. We 804 335 3977

expect the World Cup to provide a 100bps tailwind to both 2Q and 3Q Mobility Gross

Grayson Glenn Bookings. Per FIFA forecasts, ~6.5mm affluent international travelers are expected to

grayson.glenn@guggenheimpartners.com visit North America for the 2026 World Cup with Uber CEO recently highlighting 1.5bn

804 253 8053 Trips (or ~11% of total) completed outside of users’ home city in 2025, showcasing the

platform's globally renowned brand. Regarding the pending Delivery Hero acquisition

(5/23 – Link), we expect details regarding specific assets and timing (noting Prosus

deadline extended to Oct. 11) to remain uncertain in the near term though believe

initial bid positions Uber at the front seat of negotiations. Strategically, we support theUBER BUY company’s initiative to couple Delivery offering with established Mobility footprint in Uber Technologies, Inc.

Sector: Media & Internet certain international markets via a cost-efficient framework. Lastly, we believe 2H AV

rollouts (e.g., Zoox – Las Vegas, Lucid/Nuro – San Francisco, and Wayve – London)

Estimate Changes reflect the greatest opportunity to-date to deliver an 'AV counter-punch,' which we view

Share Price $70.06 as key unlock to sentiment.