Slide 1: Uber Technologies, Inc. Q3 2024 Earnings Supplemental Data
Uber Technologies, Inc. October 31, 2024 Q3 2024 Earnings Supplemental Data 1 
Slide 2: Non-GAAP Financial Measures Disclosure
Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and We believe that both management and investors benefit from For more information on these non-GAAP financial measures, presented in accordance with generally accepted accounting referring to these no
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements relationships with drivers and couriers, and the impact of the regarding our future business expectations, which involve risks global economy, including rising inflation and interest rates. In and uncertainties. Actual
Slide 4: Financial and Operational Highlights
Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q3 2024 Earnings 4
Slide 5: Operating Metrics
Operating Metrics Figures in Millions, excluding Monthly Trips / MAPC MAPCs 142 150 149 156 161 +13% % Growth YoY 15% 15% 15% 14% 13% MAPCs Growth YoY +4% 5.9 5.9 5.8 5.8 5.7 Monthly Trips / MAPC % Growth YoY 9% 8% 6% 6% 4% Frequency Growth YoY 2,868 +17% 2,765 2,601 2,572 2,441 Trips % Growth YoY 2
Slide 6: Gross Bookings
Gross Bookings $ in Millions $40,973 $39,952 $37,575 $37,651 $35,281 +20% Gross Bookings Constant Currency Growth YoY Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 21% 22% 20% 19% 16% % Growth YoY 20% 21% 21% 21% 20% % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value
Slide 7: Revenue
Revenue $ in Millions $11,188 $10,700 $10,131 $9,936 +22% $9,292 Revenue Constant Currency Growth YoY Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 11% 15% 15% 16% 20% % Growth YoY 10% 13% 15% 17% 22% % Constant Currency Growth YoY Note 1: Refer to page 25 (“Business Model Change Impact on Revenue”) for m
Slide 8: Adjusted EBITDA
Adjusted EBITDA $ in Millions 4.1% 3.9% 3.7% +55% 3.4% $1,690 3.1% $1,570 $1,382 $1,283 $1,092 Adjusted EBITDA Growth YoY Adjusted EBITDA Margin as a % of Gross Bookings Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 112% 93% 82% 71% 55% % Growth YoY Note 1: We define Adjusted EBITDA as net income (loss),
Slide 9: Segment Details
Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q3 2024 Earnings 9
Slide 10: Mobility Highlights
Mobility Highlights $ in Millions +24% $19,285 $18,670 $20,554 $21,002 Gross $17,903 Bookings % Constant Currency Growth YoY 30% 28% 26% 27% 24% Gross Bookings Constant 30.5% 28.7% 30.2% 29.8% Currency Growth YoY 28.3% $6,134 $6,409 $5,071 $5,537 $5,633 Revenue % Constant Currency Growth YoY 31% 31%
Slide 11: Delivery Highlights
Delivery Highlights $ in Millions +17% $17,699 $18,126 $18,663 $16,094 $17,011 Gross Bookings % Constant Currency Growth YoY 16% 17% 17% 17% 17% Gross Bookings Constant Currency Growth YoY 18.6% 18.2% 18.3% 18.2% 18.2% Revenue $2,935 $3,119 $3,214 $3,293 $3,470 % Constant Currency Growth YoY 5% 4% 4
Slide 12: Freight Highlights
Freight Highlights $ in Millions $1,286 $1,280 $1,284 $1,273 $1,309 Revenue % Constant Currency Growth YoY (27%) (17%) (8%) (1%) 2% Adjusted ($13) ($14) ($21) ($12) ($19) EBITDA Adjusted EBITDA: Segment Adjusted (1.0%) (1.1%) (0.9%) EBITDA Margin as a % of Revenue (1.6%) (1.5%) Q3 2023 Q4 2023 Q1 20
Slide 13: Condensed Consolidated Financials
Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q3 2024 Earnings 13
Slide 14: Condensed Consolidated Statements of Operations
Three Months Ended Sept 30, Nine Months Ended Sept 30, Condensed 2023 2024 2023 2024 Consolidated Revenue $9,292 $11,188 $27,345 $32,019 Costs and expenses Statements of Cost of revenue, exclusive of depreciation and amortization shown separately below 5,626 6,761 16,400 19,417 Operations and suppor
Slide 15: Condensed Consolidated Balance Sheets
As of December 31, As of September 30, Condensed 2023 2024 Consolidated Assets Cash and cash equivalents $4,680 $6,150 Balance Sheets Short-term investments 727 2,913 Restricted cash and cash equivalents 805 933 (Unaudited) Accounts receivable, net Prepaid expenses and other current assets 3,404 1,6
Slide 16: Condensed Consolidated Balance Sheets (Continued)
Continued: As of December 31, As of September 30, Condensed 2023 2024 Consolidated Liabilities, redeemable non-controlling interests and equity Accounts payable $790 $802 Balance Sheets Short-term insurance reserves 2,077 2,523 Operating lease liabilities, current 190 178 (Unaudited) Accrued and oth
Slide 17: Summary of liquidity position and equity stakes
Summary of liquidity position and equity stakes Liquidity Position Equity Stakes (Carrying value) Uber’s Equity Investments $7.9B Other $1.3B Aurora $1.9B Unrestricted cash, cash equivalents, $9.1B and short-term investments Grab $2.0B Didi $2.7B Note 1: Liquidity position excluding revolver. As of
Slide 18: Condensed Consolidated Statements of Cash Flows
Three Months Ended Sept 30, Nine Months Ended Sept 30, Condensed 2023 2024 2023 2024 Consolidated Cash flows from operating activities Net income including non-controlling interests $219 $2,599 $456 $2,944 Statements of Adjustments to reconcile net income to net cash provided by operating activities
Slide 19: Condensed Consolidated Statements of Cash Flows (Continued)
Continued: Three Months Ended Sept 30, Nine Months Ended Sept 30, Condensed 2023 2024 2023 2024 Consolidated Cash flows from investing activities Purchases of property and equipment ($61) ($42) ($168) ($198) Statements of Purchases of non-marketable equity securities (22) (56) (42) (288) Purchases o
Slide 20: Non-GAAP Reconciliations
Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q3 2024 Earnings 20
Slide 21: Adjusted EBITDA Reconciliation (Unaudited)
Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Three Months Ended Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, ‘24 Mobility $1,287 $1,446 $1,479 $1,567 $1,682 Delivery 413 476 528 588 628 Freight (13) (14) (21) (12) (19) Corporate G&A and Platform R&D (595) (625) (604) (573) (60
Slide 22: Adjusted EBITDA Reconciliation - TTM (Unaudited)
Adjusted EBITDA Reconciliation - TTM (Unaudited) $ in Millions Trailing Twelve Months (TTM) Ended Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, ‘24 Adjusted EBITDA $3,434 $4,052 $4,673 $5,327 $5,925 Add (deduct): Legal, tax, and regulatory reserve changes and settlements (163) (9) (286) (5
Slide 23: Non-GAAP Costs and Operating Expenses Reconciliations
Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, ‘24 Revenue $9,292 $9,936 $10,131 $10,700 $11,188 GAAP Cost of Revenue, excluding D&A 5,626 6,057 6,168 6,488 6,761 Legal, tax, and regulatory re
Slide 24: Non-GAAP Costs and Operating Expenses Reconciliations (Continued)
Continued: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, ‘24 GAAP Sales and marketing $941 $935 $917 $1,115 $1,096 Restructuring and related charges (1) (1) (1) - - Stock-based compensation (
Slide 25: Business Model Change Impact on Revenue
Business Model Change Impact on Revenue $ in Millions Three Months Ended Mobility Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, '24 Business model changes since Q1’20 have triggered changes in classification of certain costs, $17,903 $19,285 $18,670 $20,554 $21,002 Gross Bookings including
Slide 26: Business Model Change Impact on Cost of Revenue
Business Model Change Impact on Cost of Revenue $ in Millions Three Months Ended Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, ‘24 GAAP Cost of Revenue $5,626 $6,057 $6,168 $6,488 $6,761 Non-GAAP Cost of Revenue $5,639 $6,048 $6,168 $6,412 $6,761 Non-GAAP Cost of Revenue (% of Gross Bookin
Slide 27: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation $ in Millions Three Months Ended Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sep 30, ‘24 Free Cash Flow reconciliation: Net cash provided by operating activities 966 823 1,416 1,820 2,151 Purchases of property and equipment (61) (55) (57) (99) (42) Free Cash Flow $9