Slide 1: Uber Technologies, Inc. Q4 2024 Earnings Supplemental Data
Uber Technologies, Inc. February 5, 2025 Q4 2024 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 2024 Earnings 4
Slide 5: $1T+ opportunity that autonomy can unlock in the US alone
$1T+ opportunity that autonomy can unlock in the US alone Q4 2024 Earnings Note 1: Uber products price per mile based on US data. Personal cars price per mile per American Automobile Association. 5
Slide 6: Uber is well positioned as AV tech advances, with several partners added
Uber is well positioned as AV tech advances, with several partners added already Q4 2024 Earnings 6
Slide 7: …but significant commercialization challenges remain
…but significant commercialization challenges remain Q4 2024 Earnings 7
Slide 8: Ridesharing demand is highly variable through the week…
Ridesharing demand is highly A fixed-supply network that can handle weekly peak demands would not need as variable through the week… much as 95% of the supply during multiple weekly demand troughs. Q4 2024 Earnings 8
Slide 9: …and through the year—where no two cities are the same
…and through the year—where no two cities are the same Q4 2024 Earnings 9
Slide 10: Autonomy will unlock meaningful TAM when costs drop below human-driven rides
Autonomy will unlock meaningful TAM when costs drop below human-driven rides Autonomous Costs Hardware platform Vehicle platform, sensor kit, vehicle financing Currently, these costs alone are AV operating costs Insurance, energy, compute/storage, maintenance, cleaning, remote operator >$2.00/mile F
Slide 11: Financial and Operational Highlights
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2024 Earnings 11
Slide 12: Demonstrating strong progress against our 3-year outlook
Demonstrating strong progress against our 3-year outlook 2024 3-year outlook (‘24-’26), issued Feb 2024 Gross Bookings Growth (Constant currency¹) 21% YoY Mid to high teens CAGR Adjusted EBITDA² Growth 60% YoY High 30s% to 40% CAGR Free Cash Flow² as % of adjusted EBITDA² (Annual basis) 106% 90%+ No
Slide 13: Operating Metrics
Operating Metrics Figures in Millions, excluding Monthly Trips / MAPC MAPCs 150 149 156 161 171 +14% % Growth YoY 15% 15% 14% 13% 14% MAPCs Growth YoY +3% 6.0 5.9 5.9 5.8 5.8 Monthly Trips / MAPC % Growth YoY 8% 6% 6% 4% 3% Frequency Growth YoY Trips % Growth YoY 2,601 24% 2,572 21% 2,765 21% 2,868
Slide 14: Gross Bookings
Gross Bookings $ in Millions $44,197 $40,973 $39,952 $37,575 $37,651 +21% Gross Bookings Constant Currency Growth YoY Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 22% 20% 19% 16% 18% % Growth YoY 21% 21% 21% 20% 21% % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value
Slide 15: Revenue
Revenue $ in Millions $11,959 $11,188 $10,700 $10,131 $9,936 +21% Revenue Constant Currency Growth YoY Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 15% 15% 16% 20% 20% % Growth YoY 13% 15% 17% 22% 21% % Constant Currency Growth YoY Q4 2024 Earnings Note 1: “% Constant Currency Growth YoY” is calculated b
Slide 16: Adjusted EBITDA
Adjusted EBITDA $ in Millions 4.1% 4.2% 3.9% 3.7% +44% 3.4% $1,842 $1,690 $1,570 $1,382 $1,283 Adjusted EBITDA Growth YoY Adjusted EBITDA Margin as a % of Gross Bookings Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 93% 82% 71% 55% 44% % Growth YoY Note 1: We define Adjusted EBITDA as net income (loss), e
Slide 17: Segment Details
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2024 Earnings 17
Slide 18: Mobility Highlights
Mobility Highlights $ in Millions $22,798 +24% $19,285 $20,554 $21,002 $18,670 Gross Bookings % Constant Currency Growth YoY 28% 26% 27% 24% 24% Gross Bookings Constant 30.5% 30.3% 28.7% 30.2% 29.8% Currency Growth YoY $6,409 $6,911 $5,633 $6,134 $5,537 Revenue % Constant Currency Growth YoY 31% 29%
Slide 19: Delivery Highlights
Delivery Highlights $ in Millions +18% $20,126 $17,699 $18,126 $18,663 $17,011 Gross Bookings % Constant Currency Growth YoY 17% 17% 17% 17% 18% Gross Bookings Constant Currency Growth YoY 18.6% 18.7% 18.3% 18.2% 18.2% Revenue $3,119 $3,214 $3,293 $3,470 $3,773 % Constant Currency Growth YoY 4% 4% 9
Slide 20: Freight Highlights
Freight Highlights $ in Millions $1,280 $1,284 $1,273 $1,309 $1,275 Revenue % Constant Currency Growth YoY (17%) (8%) (1%) 2% 0% Adjusted ($14) ($21) ($12) ($19) ($22) EBITDA Adjusted EBITDA: Segment Adjusted (1.1%) (0.9%) EBITDA Margin as a % of Revenue (1.6%) (1.5%) (1.7%) Q4 2023 Q1 2024 Q2 2024
Slide 21: Condensed Consolidated Financials
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2024 Earnings 21
Slide 22: Condensed Consolidated Statements of Operations
Three Months Ended December 31, Year Ended December 31, Condensed 2023 2024 2023 2024 Consolidated Revenue $9,936 $11,959 $37,281 $43,978 Costs and expenses Statements of Cost of revenue, exclusive of depreciation and amortization shown separately below 6,057 7,234 22,457 26,651 Operations and suppo
Slide 23: Condensed Consolidated Balance Sheets
As of December 31, As of December 31, Condensed 2023 2024 Consolidated Assets Cash and cash equivalents $4,680 $5,893 Balance Sheets Short-term investments 727 1,084 Restricted cash and cash equivalents 805 545 (Unaudited) Accounts receivable, net 3,404 3,333 Prepaid expenses and other current asset
Slide 24: Condensed Consolidated Balance Sheets (Continued)
Continued: As of December 31, As of December 31, Condensed 2023 2024 Consolidated Liabilities, redeemable non-controlling interests and equity Accounts payable $790 $858 Balance Sheets Short-term insurance reserves 2,077 2,754 Operating lease liabilities, current 190 175 (Unaudited) Accrued and othe
Slide 25: Summary of liquidity position and equity stakes
Summary of liquidity position and equity stakes Liquidity Position Equity Stakes (Carrying value) Uber’s Equity Investments $8.5B Other $1.3B Aurora $2.1B Unrestricted cash, cash equivalents, and short-term investments Grab $2.5B $7.0B Didi $2.6B Note 1: Liquidity position excluding revolver. As of
Slide 26: Condensed Consolidated Statements of Cash Flows
Three Months Ended December 31, Year Ended December 31, Condensed Cash flows from operating activities 2023 2024 2023 2024 Consolidated Net income including non-controlling interests Adjustments to reconcile net income to net cash provided by operating activities: $1,700 $6,901 $2,156 $9,845 Stateme
Slide 27: Condensed Consolidated Statements of Cash Flows (Continued)
Continued: Three Months Ended December 31, Year Ended December 31, Condensed 2023 2024 2023 2024 Consolidated Cash flows from investing activities Purchases of property and equipment (55) (44) (223) (242) Purchases of non-marketable equity securities (10) (1) (52) (289) Statements of Purchases of ma
Slide 28: Non-GAAP Reconciliations
Autonomous Vehicles Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q4 2024 Earnings 28
Slide 29: Adjusted EBITDA Reconciliation (Unaudited)
Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Three Months Ended Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Mobility $1,446 $1,479 $1,567 $1,682 $1,769 Delivery 476 528 588 628 727 Freight (14) (21) (12) (19) (22) Corporate G&A and Platform R&D (625) (604) (573) (601) (6
Slide 30: Adjusted EBITDA Reconciliation - TTM (Unaudited)
Adjusted EBITDA Reconciliation - TTM (Unaudited) $ in Millions Trailing Twelve Months (TTM) Ended Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Adjusted EBITDA $4,052 $4,673 $5,327 $5,925 $6,484 Add (deduct): Legal, tax, and regulatory reserve changes and settlements (9) (286) (575) (
Slide 31: Non-GAAP Costs and Operating Expenses Reconciliations
Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Revenue $9,936 $10,131 $10,700 $11,188 $11,959 GAAP Cost of Revenue, excluding D&A 6,057 6,168 6,488 6,761 7,234 Legal, tax, and regulatory
Slide 32: Non-GAAP Costs and Operating Expenses Reconciliations (Continued)
Continued: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 GAAP Sales and marketing $935 $917 $1,115 $1,096 $1,209 Restructuring and related charges (1) (1) - - - Stock-based compensation
Slide 33: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation $ in Millions Three Months Ended Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Sept 30, ‘24 Dec 31, ‘24 Free Cash Flow reconciliation: Net cash provided by operating activities 823 1,416 1,820 2,151 1,750 Purchases of property and equipment (55) (57) (99) (42) (44) Free Cash Flow