Slide 1: Uber Technologies, Inc. Q1 2025 Earnings Supplemental Data
Uber Technologies, Inc. May 7, 2025 Q1 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: Delivery Segment Spotlight
Delivery Segment Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q1 2025 Earnings 4
Slide 5: Uber is best positioned to capitalize on the global on-demand local commerce opportunity
Uber is best positioned to capitalize on the global on-demand local commerce opportunity Market leadership Growth Profitability Global leading delivery player $82B Gross Bookings ARR1 $3.1B Adjusted EBITDA ARR1 operating in >30 countries (+18% YoY in Q1’25)2 (+45% YoY in Q1’25) 3.7% 8 0.04 90000 $82
Slide 6: Pursuing massive opportunities in local commerce through new products and tech
Pursuing massive opportunities in local commerce through new products and tech Grocery Convenience Alcohol Q1 highlights Consumers Restaurants 17% YoY merchant Pet Home Improvement Electronics growth 18% of Delivery MAPCs ordering from Grocery & Retail Direct Pickup Dine-In Uber Eats Merchants Marke
Slide 7: Delivery enhances the power of our platform
Delivery enhances the power of our platform Earners Consumers Membership Courier acquisition and upsell is <50% 30% of Delivery First Trips come Delivery Gross Bookings of the cost of new driver acquisition1 from the Mobility app2 coverage reached 60%3 60% 1200 0.6 900 YoY pp + 13 600 300 47% 0 New
Slide 8: Expanding partnership network extends capabilities for consumers and merchants
Expanding partnership network extends capabilities for consumers and merchants Consumer Value Merchant Enablement Platform Enhancement Last-Mile Logistics Q1 2025 Earnings 8
Slide 9: Financial and Operational Highlights
Delivery Segment Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q1 2025 Earnings 9
Slide 10: Operating Metrics
Operating Metrics Figures in Millions, excluding Monthly Trips / MAPC MAPCs % Growth YoY 149 156 161 171 170 +14% 15% 14% 13% 14% 14% MAPCs Growth YoY +3% 6.0 6.0 5.9 5.9 Monthly 5.8 Trips / MAPC % Growth YoY Frequency Growth YoY 6% 6% 4% 3% 3% Trips % Growth YoY 2,572 21% 2,765 21% 2,868 17% 3,068
Slide 11: Gross Bookings
Gross Bookings $ in Millions $44,197 $42,818 $40,973 $39,952 $37,651 +18% Gross Bookings Constant Currency Growth YoY Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 20% 19% 16% 18% 14% % Growth YoY 21% 21% 20% 21% 18% % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value
Slide 12: Revenue
Revenue $ in Millions $11,959 $11,533 $11,188 $10,700 $10,131 +17% Revenue Constant Currency Growth YoY Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 15% 16% 20% 20% 14% % Growth YoY 15% 17% 22% 21% 17% % Constant Currency Growth YoY Q1 2025 Earnings Note 1: “% Constant Currency Growth YoY” is calculated
Slide 13: Adjusted EBITDA
Adjusted EBITDA $ in Millions 4.4% 4.2% 4.1% +35% 3.9% 3.7% $1,842 $1,868 $1,690 $1,570 $1,382 Adjusted EBITDA Growth YoY Adjusted EBITDA Margin as a % of Gross Bookings Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 82% 71% 55% 44% 35% % Growth YoY Note 1: We define Adjusted EBITDA as net income (loss), e
Slide 14: Segment Details
Delivery Segment Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q1 2025 Earnings 14
Slide 15: Mobility Highlights
Mobility Highlights $ in Millions $22,798 +20% $20,554 $21,002 $21,182 $18,670 Gross Bookings % Constant Currency Growth YoY 26% 27% 24% 24% 20% 30.7% Gross Bookings Constant 30.5% 30.3% 30.2% 29.8% Currency Growth YoY $6,409 $6,911 $6,496 $5,633 $6,134 Revenue % Constant Currency Growth YoY 29% 27%
Slide 16: Delivery Highlights
Delivery Highlights $ in Millions +18% $20,126 $20,377 $17,699 $18,126 $18,663 Gross Bookings % Constant Currency Growth YoY 17% 17% 17% 18% 18% Gross Bookings Constant Currency Growth YoY 18.6% 18.7% 18.5% 18.2% 18.2% Revenue $3,214 $3,293 $3,470 $3,773 $3,777 % Constant Currency Growth YoY 4% 9% 1
Slide 17: Freight Highlights
Freight Highlights $ in Millions $1,284 $1,273 $1,309 $1,275 $1,260 Revenue % Constant Currency Growth YoY (8%) (1%) 2% 0% (1%) Adjusted ($21) ($12) ($19) ($22) ($7) EBITDA Adjusted EBITDA: Segment Adjusted (0.9%) (0.6%) EBITDA Margin as a % of Revenue (1.6%) (1.5%) (1.7%) Q1 2024 Q2 2024 Q3 2024 Q4
Slide 18: Condensed Consolidated Financials
Delivery Segment Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q1 2025 Earnings 18
Slide 19: Condensed Consolidated Statements of Operations
Three Months Ended March 31, Condensed 2024 2025 Consolidated Revenue $10,131 $11,533 Costs and expenses Statements of Cost of revenue, exclusive of depreciation and amortization shown separately below 6,168 6,937 Operations and support 685 668 Operations Sales and marketing 917 1,057 Research and d
Slide 20: Condensed Consolidated Balance Sheets
As of December 31, As of March 31, Condensed Assets 2024 2025 Consolidated Cash and cash equivalents $5,893 $5,132 Balance Sheets Short-term investments 1,084 894 Restricted cash and cash equivalents 545 1,253 (Unaudited) Accounts receivable, net 3,333 3,489 Prepaid expenses and other current assets
Slide 21: Condensed Consolidated Balance Sheets (continued)
Continued: As of December 31, As of March 31, Condensed 2024 2025 Consolidated Liabilities, redeemable non-controlling interests and equity Accounts payable $858 $873 Balance Sheets Short-term insurance reserves 2,754 2,873 Operating lease liabilities, current 175 177 (Unaudited) Accrued and other c
Slide 22: Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, Condensed 2024 2025 Consolidated Cash flows from operating activities Net income (loss) including non-controlling interests ($663) $1,774 Statements of Adjustments to reconcile net income (loss) to net cash provided by operating activities: Cash Flows Depreciation and am
Slide 23: Condensed Consolidated Statements of Cash Flows (continued)
Continued: Three Months Ended March 31, Condensed 2024 2025 Consolidated Cash flows from investing activities Purchases of property and equipment (57) (74) Statements of Purchases of non-marketable equity securities (174) (179) Cash Flows Purchases of marketable securities (2,029) (2,540) Proceeds f
Slide 24: Non-GAAP Reconciliations
Delivery Segment Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q1 2025 Earnings 24
Slide 25: Adjusted EBITDA Reconciliation (Unaudited)
Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Three Months Ended Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mar 31, ‘25 Mobility $1,479 $1,567 $1,682 $1,769 $1,753 Delivery 528 588 628 727 763 Freight (21) (12) (19) (22) (7) Corporate G&A and Platform R&D (604) (573) (601) (632) (64
Slide 26: Adjusted EBITDA Reconciliation - TTM (Unaudited)
Adjusted EBITDA Reconciliation - TTM (Unaudited) $ in Millions Trailing Twelve Months (TTM) Ended Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mar 31, ‘25 Adjusted EBITDA $4,673 $5,327 $5,925 $6,484 $6,970 Add (deduct): Legal, tax, and regulatory reserve changes and settlements (286) (575) (588)
Slide 27: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited)
Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mar 31, ‘25 Revenue $10,131 $10,700 $11,188 $11,959 $11,533 GAAP Cost of Revenue, excluding D&A 6,168 6,488 6,761 7,234 6,937 Legal, tax, and regulatory
Slide 28: Non-GAAP Costs and Operating Expenses Reconciliations (continued)
Continued: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mar 31, ‘25 GAAP Sales and marketing $917 $1,115 $1,096 $1,209 $1,057 Restructuring and related charges (1) - - - - Stock-based compensation
Slide 29: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation $ in Millions Three Months Ended Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mar 31, ‘25 Free Cash Flow reconciliation: Net cash provided by operating activities 1,416 1,820 2,151 1,750 2,324 Purchases of property and equipment (57) (99) (42) (44) (74) Free Cash Fl