Slide 1: Uber Technologies, Inc. Q2 2024 Earnings Supplemental Data
Uber Technologies, Inc. August 6, 2024 Q2 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: Autonomous Vehicle Spotlight, Financial and Operational Highlights, Segment Details
Autonomous Vehicle Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q2 2024 Earnings 4
Slide 5: Uber's utilization, consumer experience and go-to-market drive value for AV partners
Uber’s industry-leading utilization, seamless consumer experience, and go-to-market expertise drive the greatest value for AV partners • Our matching efficiency and scale the best utilization and unit economics for AV fleets • Hybrid network of autonomous and human drivers enables consistent, high-q
Slide 6: Financial and Operational Highlights
Autonomous Vehicle Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q2 2024 Earnings 6
Slide 7: Operating Metrics
Operating Metrics Figures in Millions, excluding Monthly Trips / MAPC MAPCs 137 142 150 149 156 +14% % Growth YoY 12% 15% 15% 15% 14% MAPCs Growth YoY +6% 5.9 5.8 5.8 5.7 5.6 Monthly Trips / MAPC % Growth YoY 9% 9% 8% 6% 6% Frequency Growth YoY +21% 2,765 2,601 2,572 2,441 2,282 Trips % Growth YoY 2
Slide 8: Gross Bookings
Gross Bookings $ in Millions $39,952 $37,575 $37,651 $35,281 $33,601 +21% Gross Bookings Constant Currency Growth YoY Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 16% 21% 22% 20% 19% % Growth YoY 18% 20% 21% 21% 21% % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value
Slide 9: Revenue
Revenue $ in Millions $9,936 $10,131 $10,700 $9,230 $9,292 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 14% 11% 15% 15% 16% % Growth YoY 17% 10% 13% 15% 17% % Constant Currency Growth YoY Note 1: Refer to page 26 (“Business Model Change Impact on Revenue”) for more details Q2 2024 Earnings Note 2: See No
Slide 10: Adjusted EBITDA
Adjusted EBITDA $ in Millions 3.9% 3.7% 3.4% +71% 3.1% $1,570 2.7% $1,382 $1,283 $1,092 $916 Adjusted EBITDA Growth YoY Adjusted EBITDA Margin as a % of Gross Bookings Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 152% 112% 93% 82% 71% % Growth YoY Note 1: We define Adjusted EBITDA as net income (loss), e
Slide 11: Segment Details
Autonomous Vehicle Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q2 2024 Earnings 11
Slide 12: Mobility Highlights
Mobility Highlights $ in Millions +27% $19,285 $18,670 $20,554 Gross $16,728 $17,903 Bookings % Constant Currency Growth YoY 28% 30% 28% 26% 27% Gross Bookings Constant 29.3% 28.7% 30.2% 29.8% Currency Growth YoY 28.3% $5,633 $6,134 $5,071 $5,537 $4,894 Revenue % Constant Currency Growth YoY 40% 31%
Slide 13: Delivery Highlights
Delivery Highlights $ in Millions +17% $17,699 $18,126 $16,094 $17,011 $15,595 Gross Bookings % Constant Currency Growth YoY 14% 16% 17% 17% 17% Gross Bookings Constant 19.6% Currency Growth YoY 18.2% 18.3% 18.2% 18.2% Revenue $3,057 $2,935 $3,119 $3,214 $3,293 % Constant Currency Growth YoY 17% 5%
Slide 14: Freight Highlights
Freight Highlights $ in Millions $1,279 $1,286 $1,280 $1,284 $1,273 Revenue % Constant Currency Growth YoY (30%) (27%) (17%) (8%) (1%) Adjusted ($14) ($13) ($14) ($21) ($12) EBITDA Adjusted EBITDA: Segment Adjusted (1.1%) (1.0%) (1.1%) (0.9%) EBITDA Margin as a % of Revenue (1.6%) Q2 2023 Q3 2023 Q4
Slide 15: Condensed Consolidated Financials
Autonomous Vehicle Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q2 2024 Earnings 15
Slide 16: Condensed Consolidated Statements of Operations
Three Months Ended June 30, Six Months Ended June 30, Condensed 2023 2024 2023 2024 Consolidated Revenue $9,230 $10,700 $18,053 $20,831 Costs and expenses Statements of Cost of revenue, exclusive of depreciation and amortization shown separately below 5,515 6,488 10,774 12,656 Operations and support
Slide 17: Condensed Consolidated Balance Sheets
As of December 31, As of June 30, Condensed 2023 2024 Consolidated Assets Cash and cash equivalents $4,680 $4,497 Balance Sheets Short-term investments 727 1,795 Restricted cash and cash equivalents 805 776 (Unaudited) Accounts receivable, net Prepaid expenses and other current assets 3,404 1,681 3,
Slide 18: Condensed Consolidated Balance Sheets (Continued)
Continued: As of December 31, As of June 30, Condensed 2023 2024 Consolidated Liabilities, redeemable non-controlling interests and equity Accounts payable $790 $752 Balance Sheets Short-term insurance reserves 2,016 2,387 Operating lease liabilities, current 190 198 (Unaudited) Accrued and other cu
Slide 19: Summary of liquidity position and equity stakes
Summary of liquidity position and equity stakes Liquidity Position Equity Stakes (Carrying value) Uber’s Equity Investments $6.2B Other $1.0B Aurora $0.9B Unrestricted cash, cash equivalents, Grab $1.9B $6.3B and short-term investments Didi $2.4B Note 1: Liquidity position excluding revolver. As of
Slide 20: Condensed Consolidated Statements of Cash Flows
Three Months Ended June 30, Six Months Ended June 30, Condensed 2023 2024 2023 2024 Consolidated Cash flows from operating activities Net income including non-controlling interests $394 $1,008 $237 $345 Statements of Adjustments to reconcile net income to net cash provided by operating activities: D
Slide 21: Condensed Consolidated Statements of Cash Flows (Continued)
Continued: Three Months Ended June 30, Six Months Ended June 30, Condensed 2023 2024 2023 2024 Consolidated Cash flows from investing activities Purchases of property and equipment ($50) ($99) ($107) ($156) Statements of Purchases of non-marketable equity securities - (58) - (232) Purchases of marke
Slide 22: Non-GAAP Reconciliations
Autonomous Vehicle Spotlight Financial and Operational Highlights Segment Details Condensed Consolidated Financials Non-GAAP Reconciliations Q2 2024 Earnings 22
Slide 23: Adjusted EBITDA Reconciliation (Unaudited)
Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Three Months Ended Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Mobility $1,170 $1,287 $1,446 $1,479 $1,567 Delivery 329 413 476 528 588 Freight (14) (13) (14) (21) (12) Corporate G&A and Platform R&D (569) (595) (625) (604) (57
Slide 24: Non-GAAP Costs and Operating Expenses Reconciliations
Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Revenue $9,230 $9,292 $9,936 $10,131 $10,700 GAAP Cost of Revenue, excluding D&A 5,515 5,626 6,057 6,168 6,488 Legal, tax, and regulatory res
Slide 25: Non-GAAP Costs and Operating Expenses Reconciliations (Continued)
Continued: Non-GAAP Costs and Operating Expenses Reconciliations (Unaudited) $ in Millions Three Months Ended Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 GAAP Sales and marketing $1,218 $941 $935 $917 $1,115 Restructuring and related charges - (1) (1) (1) - Stock-based compensation (
Slide 26: Business Model Change Impact on Revenue
Business Model Change Impact on Revenue $ in Millions Three Months Ended Mobility Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Business model changes since Q1’20 have triggered changes in classification of certain costs, $16,728 $17,903 $19,285 $18,670 $20,554 Gross Bookings including
Slide 27: Business Model Change Impact on Cost of Revenue
Business Model Change Impact on Cost of Revenue $ in Millions Three Months Ended Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 GAAP Cost of Revenue $5,515 $5,626 $6,057 $6,168 $6,488 Non-GAAP Cost of Revenue $5,515 $5,639 $6,048 $6,168 $6,412 Non-GAAP Cost of Revenue (% of Gross Bookin
Slide 28: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation $ in Millions Three Months Ended Jun 30, ‘23 Sep 30, ‘23 Dec 31, ‘23 Mar 31, ‘24 Jun 30, ‘24 Free Cash Flow reconciliation: Net cash provided by operating activities 1,190 966 823 1,416 1,820 Purchases of property and equipment (50) (61) (55) (57) (99) Free Cash Flow $1