Slide 1: Uber Technologies, Inc. Q4 2025 Earnings Supplemental Data
Uber Technologies, Inc. February 4, 2026 Q4 2025 Earnings Supplemental Data 1
Slide 2: Non-GAAP Financial Measures Disclosure
Non-GAAP Financial Measures Disclosure To supplement our financial information, which is We believe that both management and investors benefit For more information on these non-GAAP financial prepared and presented in accordance with generally from referring to these non-GAAP financial measures in m
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements offerings, our ability to attract drivers, consumers and regarding our future business expectations, which involve other partners to our platform, our brand and reputation, risks and uncertainties. Actual results may di
Slide 4: Autonomous Vehicles Spotlight
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2025 Earnings 4
Slide 5: Autonomous vehicles likely to drive incremental category growth
Autonomous vehicles likely to drive incremental category growth 0.4 Uber Mobility Trips (YoY Growth) Pre AV launch 0.3 Atlanta Post AV launch Austin 0.2 First Time 0.1 Riders YoY Growth +9pp Acceleration U.S. Top 20 Cities 0 Trips per Rider +3pp -0.1 AV launch in city YoY Growth -0.2 Acceleration Ja
Slide 6: San Francisco is a uniquely favorable market for AV deployments
San Francisco is a uniquely favorable market for AV deployments Concentrated Demand Affluent Demographics Shorter Trips -60% -46% 2x 2x 2x 4x Los Angeles Top 50 US Cities San Francisco San Francisco Los Angeles Top 50 US Cities San Francisco Los Angeles Top 50 US Cities San Los U.S. Top 50 San Los U
Slide 7: AVs on Uber are significantly busier and more reliable than 1P deployments
AVs on Uber are significantly busier and more reliable than 1P deployments AV Trips per Vehicle per Day AV ETA (mins) San Francisco Current Los Angeles 1P Phoenix Austin AVs on ~30% ~25% Uber higher faster Atlanta Reflects weighted average comparison against observed performance of current 1P deploy
Slide 8: Uber's network delivers the highest AV utilization against highly variable demand
Uber's network delivers the highest AV utilization against highly variable demand Austin AV Operating Zone AV Trips Total Mobility Trips Peak Demand 00 50 Stable engagement Human drivers provide An AV only competitor must hold significant 1 2 3 for AVs, which serve boost supply to meet underutilized
Slide 9: Uber operates in 8,000+ U.S. markets, covering 95% of U.S. population
Uber operates in 8,000+ U.S. markets, covering 95% of U.S. population Markets outside the top 20 cities represent the vast majority of U.S. Gross Bookings and profits ~30% of U.S. Mobility Gross Bookings ~25% of U.S. Mobility profits generated within our Uber Trips U.S. top 20 ~95% U.S. population M
Slide 10: We intend to be the largest facilitator of AV trips in the world by 2029
We intend to be the largest facilitator of AV trips in the world by 2029 Live • Abu Dhabi, UAE • Dallas, TX • Riyadh, KSA Upcoming • Bay Area, CA • London, UK • Munich, DE cities: • Atlanta, GA • Dubai, UAE cities: • Hong Kong, HK • Los Angeles, CA • Zurich, CH • Austin, TX • Phoenix, AZ • Houston,
Slide 11: Autonomous Vehicles Spotlight
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2025 Earnings 11
Slide 12: Operating Metrics
Operating Metrics Figures in Millions, excluding Monthly Trips / MAPC MAPCs % Growth YoY 171 170 180 189 202 +18% 14% 14% 15% 17% 18% MAPCs Growth YoY Monthly Trips / MAPC % Growth YoY 6.0 6.0 6.1 6.2 6.2 +3% Frequency Growth YoY 3% 3% 2% 4% 3% 3,751 +22% 3,512 3,268 3,068 3,036 Trips % Growth YoY 1
Slide 13: Gross Bookings
Gross Bookings $ in Millions $54,140 $49,740 $46,756 $44,197 $42,818 +22% Gross Bookings Constant Currency Growth YoY Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 18% 14% 17% 21% 22% % Growth YoY 21% 18% 18% 21% 22% % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value
Slide 14: Revenue
Revenue $ in Millions $14,366 $13,467 $12,651 $11,959 $11,533 +19% Revenue Constant Currency Growth YoY Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 20% 14% 18% 20% 20% % Growth YoY 21% 17% 18% 19% 19% % Constant Currency Growth YoY Q4 2025 Earnings Note 1: "% Constant Currency Growth YoY" is calculated
Slide 15: Adjusted EBITDA
Adjusted EBITDA $ in Millions 4.6% 4.5% 4.5% 4.4% $2,487 4.2% $2,256 +35% $2,119 $1,842 $1,868 Adjusted EBITDA Growth YoY Adjusted EBITDA Margin as a % of Gross Bookings Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 44% 35% 35% 33% 35% % Growth YoY Note 1: We define Adjusted EBITDA as net income (loss), e
Slide 16: Non-GAAP Operating Income
Non-GAAP Operating Income $ in Millions 3.5% 3.4% 3.3% 3.1% $1,918 $1,675 +46% $1,534 $1,326 Non-GAAP Operating Income Growth YoY Non-GAAP Operating Income as a % of Gross Bookings Q1 2025 Q2 2025 Q3 2025 Q4 2025 62% 50% 46% 46% % Growth YoY Note 1: We define Non-GAAP Operating Income as income from
Slide 17: Non-GAAP EPS
Non-GAAP EPS $0.71 $0.65 $0.60 $0.50 +27% Non-GAAP EPS Growth YoY Q1 2025 Q2 2025 Q3 2025 Q4 2025 43% 50% 27% 27% % Growth YoY Note 1: We define Non-GAAP EPS as Non-GAAP Net Income attributable to common stockholders divided by Non-GAAP weighted-average shares outstanding. Adjustments to GAAP dilute
Slide 18: Segment Details
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2025 Earnings 18
Slide 19: Mobility Highlights
Mobility Highlights $ in Millions $25,111 $27,442 $22,798 $23,762 +19% $21,182 Gross Bookings % Constant Currency Growth YoY 24% 20% 18% 19% 19% Gross Bookings Constant 30.3% 30.7% 30.7% 30.6% Currency Growth YoY 29.9% $7,288 $7,682 $8,204 $6,911 Revenue $6,496 % Constant Currency Growth YoY 26% 18%
Slide 20: Delivery Highlights
Delivery Highlights $ in Millions +26% $23,322 $25,431 $20,377 $21,734 Gross $20,126 Bookings % Constant Currency Growth YoY 18% 18% 20% 24% 26% Gross Bookings Constant Currency Growth YoY 18.9% 19.2% 19.2% 18.7% 18.5% $4,477 $4,892 Revenue $3,773 $3,777 $4,102 % Constant Currency Growth YoY 20% 22%
Slide 21: Freight Highlights
Freight Highlights $ in Millions $1,275 $1,260 $1,261 $1,308 $1,270 Revenue % Constant Currency Growth YoY 0% (1%) (1%) 0% (1%) Adjusted ($22) ($7) ($6) ($20) $0 EBITDA Adjusted EBITDA: Segment Adjusted 0% (0.6%) (0.5%) EBITDA Margin as a % of Revenue (1.5%) (1.7%) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4
Slide 22: Condensed Consolidated Financials
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2025 Earnings 22
Slide 23: Condensed Consolidated Statements of Operations
Three Months Ended Dec 31, Year Ended Dec 31, Condensed 2024 2025 2024 2025 Consolidated Revenue $11,959 $14,366 $43,978 $52,017 Costs and expenses Statements of Cost of revenue, exclusive of depreciation and amortization shown separately below 7,234 8,681 26,651 31,338 Operations and support 678 75
Slide 24: Condensed Consolidated Balance Sheets
As of December 31, As of December 31, Condensed Assets 2024 2025 Consolidated Cash and cash equivalents $5,893 $7,105 Balance Sheets Short-term investments 1,084 528 Restricted cash and cash equivalents 545 631 (Unaudited) Accounts receivable, net 3,333 3,827 Prepaid expenses and other current asset
Slide 25: Condensed Consolidated Balance Sheets (Continued)
Continued: As of December 31, As of December 31, Condensed 2024 2025 Consolidated Liabilities, redeemable non-controlling interests and equity Accounts payable $858 $1,013 Balance Sheets Short-term insurance reserves 2,754 3,387 Operating lease liabilities, current 175 169 (Unaudited) Accrued and ot
Slide 26: Condensed Consolidated Statements of Cash Flows
Three Months Ended Dec 31, Year Ended Dec 31, Condensed 2024 2025 2024 2025 Consolidated Cash flows from operating activities Net income including non-controlling interests $6,901 $317 $9,845 $10,093 Statements of Adjustments to reconcile net income to net cash provided by operating activities: Depr
Slide 27: Condensed Consolidated Statements of Cash Flows (Continued)
Continued: Three Months Ended Dec 31, Year Ended Dec 31, Condensed 2024 2025 2024 2025 Consolidated Cash flows from investing activities Purchases of property and equipment ($44) ($75) ($242) ($336) Statements of Purchases of non-marketable equity securities (1) (390) (289) (676) Purchases of market
Slide 28: Non-GAAP Reconciliations
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2025 Earnings 28
Slide 29: Adjusted EBITDA Reconciliation (Unaudited)
Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Three Months Ended Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 Mobility $1,769 $1,753 $1,905 $2,038 $2,203 Delivery 727 763 873 921 1,015 Freight (22) (7) (6) (20) - Corporate G&A and Platform R&D (632) (641) (653) (683) (731)
Slide 30: Adjusted EBITDA Reconciliation - TTM (Unaudited)
Adjusted EBITDA Reconciliation - TTM (Unaudited) $ in Millions Trailing Twelve Months (TTM) Ended Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 Adjusted EBITDA $6,484 $6,970 $7,519 $8,085 $8,730 Add (deduct): Legal, non-income tax, and regulatory reserve changes and settlements (1,123
Slide 31: Non-GAAP Operating Income Reconciliation (Unaudited)
Non-GAAP Operating Income Reconciliation (Unaudited) $ in Millions Three Months Ended Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 Mobility $1,608 $1,587 $1,729 $1,864 $2,027 Delivery 639 671 766 811 905 Freight (41) (25) (26) (40) (18) Corporate G&A and Platform R&D (888) (907) (935
Slide 32: Non-GAAP Net Income and EPS Reconciliations (Unaudited)
Non-GAAP Net Income and EPS Reconciliations (Unaudited) $ in Millions, except share amounts, which are in thousands, and per share amounts Three Months Ended Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 Non-GAAP Net Income $778 $881 $1,110 $1,201
Slide 33: Non-GAAP Costs and Operating Expenses Reconciliations
Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 Revenue $11,959 $11,533 $12,651 $13,467 $14,366 GAAP Cost of Revenue, excluding D&A 7,234 6,937 7,611 8,109 8,681 Restructuring and related
Slide 34: Non-GAAP Costs and Operating Expenses Reconciliations (Continued)
Continued: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 GAAP Sales and marketing $1,209 $1,057 $1,210 $1,277 $1,354 Stock-based compensation (23) (24) (28) (26) (25) Non-GAAP Sales and
Slide 35: Free Cash Flow Reconciliation (Unaudited)
Free Cash Flow Reconciliation (Unaudited) $ in Millions Three Months Ended Dec 31, ‘24 Mar 31, ‘25 Jun 30, ‘25 Sept 30, ‘25 Dec 31, ‘25 Free Cash Flow reconciliation: Net cash provided by operating activities 1,750 2,324 2,564 2,238 2,883 Purchases of property and equipment (44) (74) (89) (98) (75)