Uber Technologies (NYSE: UBER) reports "Trips" — the number of completed consumer Mobility rides and Delivery orders — as a key operating metric. Using Uber's reported quarterly results for fiscal 2025 (the four quarters ended March 31, June 30, September 30, and December 31, 2025): (a) how many Trips did Uber complete in each of the four quarters of 2025, and (b) how did the year-over-year growth rate of Trips trend across those four quarters?

ready: true

# UBER — Trips (quarterly, last 5)

{
  "metric_id": "trips",
  "display_name": "Trips",
  "unit": "trips",
  "period_type": "Q",
  "points": [
    {
      "fiscal_year": 2025,
      "fiscal_period": "Q4",
      "period_end": "2025-12-31",
      "value": 3751000000,
      "accession_number": "0001543151-26-000011"
    },
    {
      "fiscal_year": 2025,
      "fiscal_period": "Q3",
      "period_end": "2025-09-30",
      "value": 3512000000,
      "accession_number": "0001543151-25-000030"
    },
    {
      "fiscal_year": 2025,
      "fiscal_period": "Q2",
      "period_end": "2025-06-30",
      "value": 3268000000,
      "accession_number": "0001543151-25-000020"
    },
    {
      "fiscal_year": 2025,
      "fiscal_period": "Q1",
      "period_end": "2025-03-31",
      "value": 3036000000,
      "accession_number": "0001543151-25-000012"
    },
    {
      "fiscal_year": 2024,
      "fiscal_period": "Q4",
      "period_end": "2024-12-31",
      "value": 3068000000,
      "accession_number": "0001543151-25-000004"
    }
  ]
}

# Uber Technologies, Inc (UBER) — SEC Filings

**8 filings** found

## 8-K — FY2025 (filed 2026-02-04)
Accession: 0001543151-26-000011 | 13 sections | 0 tables

## 8-K — Q3 FY2025 (filed 2025-11-04)
Accession: 0001543151-25-000030 | 9 sections | 0 tables

## 8-K — Q2 FY2025 (filed 2025-08-06)
Accession: 0001543151-25-000020 | 11 sections | 0 tables

## 8-K — Q1 FY2025 (filed 2025-05-07)
Accession: 0001543151-25-000012 | 9 sections | 0 tables

## 8-K — FY2024 (filed 2025-02-05)
Accession: 0001543151-25-000004 | 9 sections | 0 tables

## 8-K — Q3 FY2024 (filed 2024-10-31)
Accession: 0001543151-24-000033 | 9 sections | 0 tables

## 8-K — Q2 FY2024 (filed 2024-08-06)
Accession: 0001543151-24-000024 | 9 sections | 0 tables

## 8-K — Q1 FY2024 (filed 2024-05-08)
Accession: 0001543151-24-000017 | 8 sections | 0 tables

**Tip:** Use `get_filing_section` with a section_id and accession_number above to read section content.

# UBER — earnings_supplemental_tables
8-K   (filed 2024-05-08)
~1,277 words | Chunks 1-1 of 1

**Gross Bookings** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Revenue** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Revenue Margin** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**(Unaudited)** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**The following table presents other income (expense), net (in millions):** (unknown, millions)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**The following table summarizes total stock-based compensation expense by function (in millions):** (unknown, millions)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-24-000017
Citation: mdck://UBER/0001543151-24-000017/earnings_supplemental_tables#c0

End of section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~599 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,286 words
- `earnings_document_map` (Document Map) — ~2,672 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~1,241 words
- `earnings_press_release` (Press Release (Narrative)) — ~4,967 words
- `earnings_segment_data` (Segment Data) — ~172 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-24-000017", section_id="...")`._

# UBER — earnings_supplemental_tables
8-K   (filed 2024-10-31)
~1,152 words | Chunks 1-1 of 1

**Gross Bookings** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Revenue** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Revenue Margin** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Table 8** (unknown, scale not detected)

| Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents |  | (69) |  |  | 62 |  |  | (26) |  |  | (88) |  |  |  |  |  |  |  |  |  |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents |  | (1,595) |  |  | 1,122 |  |  | 188 |  |  | 1,999 |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents, and restricted cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning of period |  | 8,460 |  |  | 7,881 |  |  | 6,677 |  |  | 7,004 |  |  |  |  |  |  |  |  |  |
| End of period |  | $ | 6,865 |  |  | $ | 9,003 |  |  | $ | 6,865 |  |  | $ | 9,003 |  |  |  |  |  |

**The following table presents other income (expense), net (in millions):** (unknown, millions)

**The following table summarizes total stock-based compensation expense by function (in millions):** (unknown, millions)

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-24-000033
Citation: mdck://UBER/0001543151-24-000033/earnings_supplemental_tables#c0

End of section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~599 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,714 words
- `earnings_document_map` (Document Map) — ~2,614 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~1,235 words
- `earnings_income_statement` (Income Statement) — ~657 words
- `earnings_press_release` (Press Release (Narrative)) — ~5,202 words
- `earnings_segment_data` (Segment Data) — ~172 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-24-000033", section_id="...")`._

# UBER — earnings_supplemental_tables
8-K   (filed 2024-08-06)
~1,113 words | Chunks 1-1 of 1

**Gross Bookings** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Revenue** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Revenue Margin** (unknown, scale not detected)
*Period columns: Column 2: FY2023 [PRIOR]; Column 4: FY2024 [CURRENT]*

**Table 8** (unknown, scale not detected)

| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents |  | 1,667 |  |  | (103) |  |  | 1,783 |  |  | 877 |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents, and restricted cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning of period |  | 6,793 |  |  | 7,984 |  |  | 6,677 |  |  | 7,004 |  |  |  |  |  |  |  |  |  |
| End of period |  | $ | 8,460 |  |  | $ | 7,881 |  |  | $ | 8,460 |  |  | $ | 7,881 |  |  |  |  |  |

**The following table presents other income (expense), net (in millions):** (unknown, millions)

**The following table summarizes total stock-based compensation expense by function (in millions):** (unknown, millions)

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-24-000024
Citation: mdck://UBER/0001543151-24-000024/earnings_supplemental_tables#c0

End of section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~599 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,726 words
- `earnings_document_map` (Document Map) — ~2,587 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~1,278 words
- `earnings_income_statement` (Income Statement) — ~655 words
- `earnings_press_release` (Press Release (Narrative)) — ~5,113 words
- `earnings_segment_data` (Segment Data) — ~172 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-24-000024", section_id="...")`._

[MORE: section has additional content — continue with offset=1 char_offset=4226 (total_chunks=3)]
# UBER — earnings_press_release
8-K   (filed 2024-05-08)
**Keyword search:** "trips" — 2 matching chunks

**[Chunk 1 of 3]**
Exhibit 99.1

Uber Announces Results for First Quarter 2024

Trips grew 21% year-over-year; MAPCs and monthly trips per MAPC grew 15% and 6% year-over-year, respectively

Gross Bookings grew 20% year-over-year and 21% year-over-year on a constant currency basis

Income from operations of $172 million; Adjusted EBITDA of $1.4 billion, up 82% year-over-year

Operating cash flow of $1.4 billion; Free cash flow of $1.4 billion

SAN FRANCISCO – May 8, 2024 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2024.

“Our results this quarter once again demonstrate our ability to deliver consistent, profitable growth at scale,” said Dara Khosrowshahi, CEO. “More than 7 million people now choose to earn flexibly on Uber every month, with driver earnings of $16.6 billion continuing to grow faster than our topline.”

“Our multi-year growth framework is on track, with audience up 15% and frequency up 6% in Q1,” said Prashanth Mahendra-Rajah, CFO. “We reached a new quarterly record for Adjusted EBITDA, which grew 82% YoY, and we generated free cash flow of $4.2 billion over the trailing twelve months.”

Financial Highlights for First Quarter 2024

• Gross Bookings grew 20% year-over-year (“YoY”) to $37.7 billion, or 21% on a constant currency basis, with Mobility Gross Bookings of $18.7 billion (+25% YoY or +26% YoY constant currency) and Delivery Gross Bookings of $17.7 billion (+18% YoY or +17% YoY constant currency). Trips during the quarter grew 21% YoY to 2.6 billion, or approximately 28 million trips per day on average.

• Revenue grew 15% YoY to $10.1 billion, or 15% on a constant currency basis. Combined Mobility and Delivery revenue grew 19% YoY to $8.8 billion, or 19% on a constant currency basis. Business model changes negatively impacted total revenue YoY growth by 8 percentage points.

• Income from operations was $172 million, up $434 million YoY and down $480 million quarter-over-quarter (“QoQ”).

• Net loss attributable to Uber Technologies, Inc. was $654 million , which includes a $721 million net headwind (pre-tax) due to net unrealized losses related to the revaluation of Uber’s equity investments.

• Adjusted EBITDA of $1.4 billion, up 82% YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 3.7%, up from 2.4% in Q1 2023.

• Net cash provided by operating activities was $1.4 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $1.4 billion.

• Unrestricted cash, cash equivalents, and short-term investments were $5.8 billion at the end of the first quarter.

Outlook for Q2 2024

For Q2 2024, we anticipate:

• Gross Bookings of $38.75 billion to $40.25 billion, which represents 18% to 23% YoY growth on a constant currency basis.

◦ Our outlook assumes a roughly 3 percentage point currency headwind to total reported YoY growth, including a roughly 5 percentage point currency headwind to Mobility’s reported YoY growth.

• Adjusted EBITDA of $1.45 billion to $1.53 billion, which represents 58% to 67% YoY growth.

Financial and Operational Highlights for First Quarter 2024

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q1 2023 net loss includes a $320 million net benefit (pre-tax) from revaluations of Uber’s equity investments. Q1 2024 net loss includes a $721 million net headwind (pre-tax) from revaluations of Uber’s equity investments.

** Percentage not meaningful.

Results by Offering and Segment

Gross Bookings

(1) Mobility Revenue in Q1 2024 was negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $328 million. These changes negatively impacted Mobility revenue YoY growth by 8 percentage points.

(2) Delivery Revenue in Q1 2024 was negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by $414 million. These changes negatively impacted Delivery revenue YoY growth by 13 percentage points.

(3) Total revenue in Q1 2024 was negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $742 million. These changes negatively impacted total revenue YoY growth by 8 percentage points.

Revenue Margin

(1) Mobility Revenue Margin in Q1 2024 was negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by 180 bps.

(2) Delivery Revenue Margin in Q1 2024 was negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by 230 bps.

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Financial Highlights for the First Quarter 2024 (continued)

• Gross Bookings of $18.7 billion: Mobility Gross Bookings grew 25% YoY and declined 3% QoQ.

• Revenue of $5.6 billion: Mobility Revenue grew 30% YoY and 2% QoQ. The YoY increase was primarily attributable to an increase in Mobility Gross Bookings due to an increase in Trip volumes. Mobility Revenue Margin of 30.2% increased 130 bps YoY and 150 bps QoQ. Business model changes negatively impacted Mobility Revenue Margin by 180 bps in Q1 2024.

• Adjusted EBITDA of $1.5 billion: Mobility Adjusted EBITDA increased 40% YoY, and Mobility Adjusted EBITDA margin was 7.9% of Gross Bookings compared to 7.1% in Q1 2023 and 7.5% in Q4 2023. Mobility Adjusted EBITDA margin improvement YoY was primarily driven by better cost leverage from higher volume.

• Gross Bookings of $17.7 billion: Delivery Gross Bookings grew 18% YoY and 4% QoQ.

• Revenue of $3.2 billion: Delivery Revenue grew 4% YoY and 3% QoQ. Delivery Revenue Margin of 18.2% decreased 240 bps YoY and 10 bps QoQ. Business model changes negatively impacted Delivery Revenue Margin by 230 bps in Q1 2024.

• Adjusted EBITDA of $528 million: Delivery Adjusted EBITDA increased 83% YoY, and Delivery Adjusted EBITDA margin was 3.0% of Gross Bookings, compared to 1.9% in Q1 2023 and 2.8% in Q4 2023. Delivery Adjusted EBITDA margin improvement YoY was primarily driven by better cost leverage from higher volumes and increased Advertising revenue.

• Revenue of $1.3 billion: Freight Revenue declined 8% YoY and was flat QoQ. The YoY decrease was driven by lower revenue per load as a result of the challenging freight market cycle.

• Adjusted EBITDA loss of $21 million: Freight Adjusted EBITDA increased $2 million YoY. Freight Adjusted EBITDA margin as a percentage of Gross Bookings remained flat YoY.

• Corporate G&A and Platform R&D: Corporate G&A and Platform R&D expenses of $604 million, compared to $564 million in Q1 2023, and $625 million in Q4 2023. Corporate G&A and Platform R&D as a percentage of Gross Bookings decreased 20 bps YoY and 10 bps QoQ due to improved fixed cost leverage.

GAAP and Non-GAAP Costs and Operating Expenses

• Cost of revenue excluding D&A: GAAP cost of revenue equaled Non-GAAP cost of revenue and was $6.2 billion, representing 16.4% of Gross Bookings, compared to 16.7% and 16.1% in Q1 2023 and Q4 2023 , respectively. On a YoY basis, non-GAAP cost of revenue as a percentage of Gross Bookings decreased due to improved cost leverage with Gross Bookings growth outpacing cost of revenue growth.

• GAAP and Non-GAAP operating expenses (Non-GAAP operating expenses exclude certain amounts as further detailed in the “Reconciliations of Non-GAAP Measures” section):

◦ Operations and support: GAAP operations and support was $685 million. Non-GAAP operations and support was $616 million, representing 1.6% of Gross Bookings, compared to 1.9% and 1.7% in Q1 2023 and Q4 2023, respectively. On a YoY basis, non-GAAP operations and support as a percentage of Gross Bookings decreased due to a decrease in driver background check costs.

◦ Sales and marketing: GAAP sales and marketing was $917 million. Non-GAAP sales and marketing was $895 million, representing 2.4% of Gross Bookings, compared to 3.9% and 2.4% in Q1 2023 and Q4 2023, respectively. On a YoY basis, non-GAAP sales and marketing as a percentage of Gross Bookings decreased due to business model changes in some countries that classified certain sales and marketing costs as contra revenue. Additionally, Gross Bookings mix shifted towards Mobility, which carry lower associated sales and marketing costs.

◦ Research and development: GAAP research and development was $790 million. Non-GAAP research and development was $488 million, representing 1.3% of Gross Bookings, compared to 1.5% and 1.3% in Q1 2023 and Q4 2023, respectively. On a YoY basis, non-GAAP research and development as a percentage of Gross Bookings decreased due to improved fixed cost leverage.

◦ General and administrative: GAAP general and administrative was $1.2 billion. Non-GAAP general and administrative was $582 million, representing 1.5% of Gross Bookings, compared to 1.6% and 1.5% in Q1 2023 and Q4 2023, respectively. On a YoY basis, non-GAAP general and administrative as a percentage of Gross Bookings decreased due to a decrease in employee headcount costs.

Operating Highlights for the First Quarter 2024

• Monthly Active Platform Consumers (“MAPCs”) reached 149 million: MAPCs grew 15% YoY to 149 million, driven by continued improvement in consumer activity for both our Mobility and Delivery offerings.

• Trips of 2.6 billion: Trips on our platform grew 21% YoY, driven by both Mobility and Delivery growth. Monthly trips per MAPC grew 6% YoY to 5.8.

• Supporting earners: Drivers and couriers earned an aggregate $16.6 billion (including tips) during the quarter, with earnings up 22% YoY, or 24% on a constant currency basis.

• Membership: Returned to the Super Bowl stage for the fourth year to launch our latest campaign “Don’t forget to remember Uber Eats.” In addition, launched Game Day Deals for the second year, offering special savings for Uber One members during March Madness. Further, launched partnerships with brands including NOS in Portugal and Disney in the UK.

• Advertising: Expanded video Journey Ads to new markets including Australia, Brazil and Chile, with the ad format now available in 12 countries. In addition, expanded in-car tablets to more than 50 US cities including Austin, Denver, New York City suburbs, Salt Lake City and Seattle. Further, launched a custom creative hub for enterprise advertisers, allowing them to quickly launch ad campaigns with personalized creative.

• Autonomous updates: Building on the success of our autonomous mobility partnership, launched our autonomous delivery partnership in Phoenix with Waymo in April. In addition, expanded our partnership with Cartken and partnered with

Mitsubishi Electric to include deliveries via automated robots in Japan, the first international market to have autonomous delivery available on Uber Eats.

• Family profiles with teen accounts: Completed the rollout of teen accounts to all 50 US states and to more cities in Brazil. Family profiles with teen accounts are now available in over 250 cities. In addition, launched additional safety features; announced spending limits on teen accounts, which allow parents to set a monthly budget for their teen’s rides and meals within their own app; and enabled more ride types for teen trips.

• Annual Environmental, Social, and Governance Report: Published our annual Environmental, Social, and Governance Report in April, which highlights our perspectives on the ESG issues that matter most to the people who earn on, move on, or invest in our platform, as well as our approach to People and Culture and our broader diversity, equity, and inclusion initiatives.

• Taxis: Brought the majority of Hong Kong taxi supply onto Uber by integrating HKTaxi onto the Uber app, and began scaling Los Angeles Yellow Cab trips. Launched Uber Taxi in several cities across markets including Colombia and Italy.

• Electric Vehicle (“EV”) updates: Expanded Comfort Electric to nearly 60 cities globally, with the latest launch in New York City. In addition, launched and expanded EV partnerships, including a multi-year strategic partnership with Revel to provide New York City drivers on Uber with exclusive charging discounts and access to up to 250 fast charging stations, and a new phase of our partnership with VEMO in Mexico.

• Emission Savings feature: In tandem with electrification product expansions to new markets, introduced the Emission Savings feature in the Uber app, allowing riders who take trips on Uber Green and Comfort Electric to track and learn more about their carbon emissions impact.

• Original equipment manufacturer (“OEM”) agreements: Began working with Tesla to help accelerate the transition to electric vehicles by sharing data that illustrate where drivers need charging infrastructure the most and offering incentives to US drivers on Uber for the purchase of certain Tesla vehicles. In addition, signed a Memorandum of Understanding (“MoU”) with Kia to work together on an electric purpose built vehicle (“PBV”) designed specifically for ridesharing drivers.

• Uber Car Seat: Launched Uber Car Seat, a product that eliminates the need for parents and caregivers to bring their own car seat, making travel simple and stress free, in partnership with premier car seat maker, Nuna. Uber Car Seat is now available in Los Angeles and New York City.

• Grocery merchant selection: Expanded our grocery merchant selection in the US and Canada, as we launched grocers including Weis Markets, Fresh Thyme Market, Carlie C’s and Bashas’ as partners in the US; and Rabba Fine Foods in Canada.

• Grocery loyalty: Began enabling consumers to benefit from grocery loyalty programs while shopping on Uber Eats by offering in-app access to member prices and discounts at grocery merchants including Co-op in the UK and Dia in Spain. The Co-op launch marks a UK supermarket first for a food delivery app.

• Live Location Sharing: After successfully launching the feature on Uber rides, introduced the ability for consumers to share their live location with their courier, making the drop-off process faster and more seamless across nearly all markets globally.

• Uber Direct expansion: Added new Uber Direct partnerships including medication delivery for Healthera in the UK and four partner companies in Japan; and white-label delivery for electronics retailer MediaMarkt in Germany, retail solutions company Inovretail in Spain, and supermarket chain Co-op in the UK.

• Reusable packaging: Expanded our partnership with DeliverZero to the West Coast, inclusive of more than 130 restaurants with a current focus on the greater Los Angeles and San Francisco regions. The partnership increases access to sustainable packaging through DeliverZero’s network of returnable, reusable food containers.

**[Chunk 2 of 3]**
• Powerloop expansion: Announced the national expansion of Powerloop, Uber Freight's drop-and-hook capacity solution, alongside new capabilities that further optimize freight networks including an expanded dedicated fleet offering, AI-powered bundling capabilities, and telematics-enhanced smart trailers, all aimed at providing greater value and flexibility to carriers and shippers alike.

• Ocean freight visibility solutions: Unveiled new Transportation Management System (“TMS”) features that provide accurate, real-time visibility for all shipments. These enhancements offer logistics teams comprehensive insights into 99% of ocean shipments, enabling proactive management of exceptions and potential disruptions for customers with global supply chains.

Webcast and conference call information

A live audio webcast of our first quarter ended March 31, 2024 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on May 8, 2024 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and Twitter accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 49 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Free cash flow; Non-GAAP Costs and Operating Expenses as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and

operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non-GAAP financial measures, please see the sections titled “Key Terms for Our Key Metrics and Non-GAAP Financial Measures,” “Definitions of Non-GAAP Measures” and “Reconci

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-24-000017
Citation: mdck://UBER/0001543151-24-000017/earnings_press_release#c0

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~599 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,286 words
- `earnings_document_map` (Document Map) — ~2,672 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~1,241 words
- `earnings_segment_data` (Segment Data) — ~172 words
- `earnings_supplemental_tables` (Supplemental Tables) — ~1,277 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-24-000017", section_id="...")`._

[MORE: section has additional content — continue with offset=1 char_offset=3955 (total_chunks=3)]
# UBER — earnings_press_release
8-K   (filed 2024-08-06)
**Keyword search:** "trips" — 2 matching chunks

**[Chunk 1 of 3]**
Exhibit 99.1

Uber Announces Results for Second Quarter 2024

Gross Bookings grew 19% year-over-year and 21% year-over-year on a constant currency basis

Income from operations of $796 million; Adjusted EBITDA of $1.6 billion, up 71% year-over-year

Operating cash flow of $1.8 billion; Free cash flow of $1.7 billion

SAN FRANCISCO – August 6, 2024 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2024.

“Uber’s growth engine continues to hum, delivering our sixth consecutive quarter of trip growth above 20 percent, alongside record profitability,” said Dara Khosrowshahi, CEO. “The Uber consumer has never been stronger--more people are using the platform, and more frequently, than ever before--while drivers and couriers earned a new all-time high of $17.9 billion over the quarter.”

“Strong topline trends and operating leverage across the P&L demonstrate the durability of our growth and significant cash flow generation underlying our platform,” said Prashanth Mahendra-Rajah, CFO. “We started share repurchases against our inaugural authorization during the quarter as we continue to drive long-term shareholder return.”

Financial Highlights for Second Quarter 2024

• Gross Bookings grew 19% year-over-year (“YoY”) to $40.0 billion, or 21% on a constant currency basis, with Mobility Gross Bookings of $20.6 billion (+23% YoY or +27% YoY constant currency) and Delivery Gross Bookings of $18.1 billion (+16% YoY or +17% YoY constant currency). Trips during the quarter grew 21% YoY to 2.8 billion, or approximately 30 million trips per day on average.

• Revenue grew 16% YoY to $10.7 billion, or 17% on a constant currency basis. Combined Mobility and Delivery revenue grew 19% YoY to $9.4 billion, or 20% on a constant currency basis. Business model changes negatively impacted total revenue YoY growth by 7 percentage points.

• Income from operations was $796 million, up $470 million YoY and $624 million quarter-over-quarter (“QoQ”).

• Net income attributable to Uber Technologies, Inc. was $1.0 billion, which includes a $333 million benefit (pre-tax) due to net unrealized gains related to the revaluation of Uber’s equity investments.

• Adjusted EBITDA of $1.6 billion, up 71% YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 3.9%, up from 2.7% in Q2 2023.

• Net cash provided by operating activities was $1.8 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $1.7 billion.

• Share repurchases were $325 million of our common stock under the February 2024 authorization.

• Unrestricted cash, cash equivalents, and short-term investments were $6.3 billion at the end of the second quarter.

Outlook for Q3 2024

For Q3 2024, we anticipate:

• Gross Bookings of $40.25 billion to $41.75 billion, which represents 18% to 23% YoY growth on a constant currency basis.

◦ Our outlook assumes a roughly 4 percentage point currency headwind to total reported YoY growth, including a roughly 7 percentage point currency headwind to Mobility’s reported YoY growth.

◦ For perspective, recent strengthening of the US dollar versus other currencies represents an over $400 million expected headwind to Q3 Gross Bookings and is included in our outlook.

• Adjusted EBITDA of $1.58 billion to $1.68 billion, which represents 45% to 54% YoY growth.

Financial and Operational Highlights for Second Quarter 2024

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q2 2023 net income includes a $386 million net benefit (pre-tax) from revaluations of Uber’s equity investments. Q2 2024 net income includes a $333 million net benefit (pre-tax) from revaluations of Uber’s equity investments.

Results by Offering and Segment

Gross Bookings

(1) Mobility Revenue in Q2 2024 was negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $386 million. These changes negatively impacted Mobility revenue YoY growth by 8 percentage points.

(2) Delivery Revenue in Q2 2023 and Q2 2024 were negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $114 million and $413 million, respectively. These changes negatively impacted Delivery revenue YoY growth by 9 percentage points for Q2 2024.

(3) Total revenue in Q2 2023 and Q2 2024 were negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $114 million and $799 million, respectively. These changes negatively impacted total revenue YoY growth by 7 percentage points for Q2 2024.

Revenue Margin

(1) Mobility Revenue Margin in Q2 2024 was negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by 190 bps.

(2) Delivery Revenue Margin in Q2 2023 and Q2 2024 was negatively impacted by business model changes that classified certain sales and marketing costs as contra revenue by 70 bps and 230 bps, respectively.

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Financial Highlights for the Second Quarter 2024 (continued)

• Revenue of $6.1 billion: Mobility Revenue grew 25% YoY and 9% QoQ. The YoY increase was primarily attributable to an increase in Mobility Gross Bookings due to an increase in Trip volumes. Mobility Revenue Margin of 29.8% increased 50 bps YoY and decreased 40 bps QoQ. Business model changes negatively impacted Mobility Revenue Margin by 190 bps in Q2 2024.

• Adjusted EBITDA of $1.6 billion: Mobility Adjusted EBITDA increased 34% YoY, and Mobility Adjusted EBITDA margin was 7.6% of Gross Bookings compared to 7.0% in Q2 2023 and 7.9% in Q1 2024. Mobility Adjusted EBITDA margin improvement YoY was primarily driven by better cost leverage from higher volume.

• Revenue of $3.3 billion: Delivery Revenue grew 8% YoY and 2% QoQ. The YoY increase was primarily attributable to an increase in Delivery Gross Bookings due to an increase in Trip volumes. Delivery Revenue Margin of 18.2% decreased 140 bps YoY and was flat QoQ. Business model changes negatively impacted Delivery Revenue Margin by 230 bps in Q2 2024.

• Adjusted EBITDA of $588 million: Delivery Adjusted EBITDA increased 79% YoY, and Delivery Adjusted EBITDA margin was 3.2% of Gross Bookings, compared to 2.1% in Q2 2023 and 3.0% in Q1 2024. Delivery Adjusted EBITDA margin improvement YoY was primarily driven by better cost leverage from higher volumes and increased Advertising revenue.

• Revenue of $1.3 billion: Freight Revenue was flat YoY and declined 1% QoQ. Revenue was flat YoY driven by an increase in loads, offset by a decrease in revenue per load as a result of the challenging freight market cycle.

• Adjusted EBITDA loss of $12 million: Freight Adjusted EBITDA increased $2 million YoY. Freight Adjusted EBITDA margin as a percentage of Gross Bookings increased 20 bps YoY to (0.9%).

• Corporate G&A and Platform R&D: Corporate G&A and Platform R&D expenses of $573 million, compared to $569 million in Q2 2023, and $604 million in Q1 2024. Corporate G&A and Platform R&D as a percentage of Gross Bookings decreased 30 bps YoY and 20 bps QoQ primarily due to certain one-time benefits and improved fixed cost leverage.

GAAP and Non-GAAP Costs and Operating Expenses

• Cost of revenue excluding D&A: GAAP cost of revenue was $6.5 billion. Non-GAAP cost of revenue was $6.4 billion, representing 16.0% of Gross Bookings, compared to 16.4% in both Q2 2023 and Q1 2024. On a YoY basis, non-GAAP cost of revenue as a percentage of Gross Bookings decreased due to improved cost leverage with Gross Bookings growth outpacing cost of revenue growth.

• GAAP and Non-GAAP operating expenses (Non-GAAP operating expenses exclude certain amounts as further detailed in the “Reconciliations of Non-GAAP Measures” section):

◦ Operations and support: GAAP operations and support was $682 million. Non-GAAP operations and support was $621 million, representing 1.6% of Gross Bookings, compared to 1.8% and 1.6% in Q2 2023 and Q1 2024, respectively. On a YoY basis, non-GAAP operations and support as a percentage of Gross Bookings decreased due to improved fixed cost leverage.

◦ Sales and marketing: GAAP sales and marketing was $1.1 billion. Non-GAAP sales and marketing was $1.1 billion, representing 2.7% of Gross Bookings, compared to 3.5% and 2.4% in Q2 2023 and Q1 2024, respectively. On a YoY basis, non-GAAP sales and marketing as a percentage of Gross Bookings decreased due to business model changes in some countries that classified certain sales and marketing costs as contra revenue.

◦ Research and development: GAAP research and development was $760 million. Non-GAAP research and development was $483 million, representing 1.2% of Gross Bookings, compared to 1.5% and 1.3% in Q2 2023 and Q1 2024, respectively. On a YoY basis, non-GAAP research and development as a percentage of Gross Bookings decreased due to a decrease in employee headcount costs.

◦ General and administrative: GAAP general and administrative was $686 million. Non-GAAP general and administrative was $523 million, representing 1.3% of Gross Bookings, compared to 1.5% in both Q2 2023 and Q1 2024. On a YoY basis, non-GAAP general and administrative as a percentage of Gross Bookings decreased due to improved fixed cost leverage.

Operating Highlights for the Second Quarter 2024

• Monthly Active Platform Consumers (“MAPCs”) reached 156 million: MAPCs grew 14% YoY to 156 million, driven by continued improvement in consumer activity for both our Mobility and Delivery offerings.

• Trips of 2.8 billion: Trips on our platform grew 21% YoY, driven by both Mobility and Delivery growth. Monthly trips per MAPC reached an all-time high and grew 6% YoY to 5.9.

• Supporting earners: Drivers and couriers earned an aggregate $17.9 billion (including tips) during the quarter, with earnings up 19% YoY, or 23% on a constant currency basis.

• Membership: Launched Uber One, our single cross-platform membership program, in Guatemala, El Salvador and Panama. Uber One is now available across 28 countries. In addition, launched Uber One for Students for $4.99 a month or $48 annually, offering membership benefits and exclusive promos to college students across the US with more countries to come this year.

• Advertising: Our revenue run-rate from Advertising exceeded $1 billion. Expanded Journey Ads to programmatic buyers, enabling advertisers across our top markets to more easily buy Journey Ads through their preferred demand-side platforms, increasing our addressable market.

• Maps innovation: Launched and scaled new Uber Maps features to improve and enhance the earner and consumer experience, including launching the ability for earners to provide real-time inputs on road closures, turn restrictions and more; launching street-level imagery for riders to help them navigate to their designated pickup location; and scaling wayfinding at airports to enable step-by-step directions to pickup at our top global airports.

• Earner and rider safety: Launched safety preferences – a new way for riders to set and forget Uber’s suite of safety features – globally. Expanded the Record My Ride feature and Voice Audio Seatbelt reminders, reminding riders to wear their seatbelt while simultaneously sending them an in-app push notification, broadly across the US and LatAm. In addition, introduced a new in-app verified rider badge in over a dozen US cities.

• Uber for Business (“U4B”) delegate profiles: Launched U4B delegate profiles, a new tool that gives executive assistants or other non-traveler bookers the capability to request and schedule rides on an executive’s behalf. The product streamlines trip management and offers a ride experience that meets executive standards with top-quality cars and premium service.

• Low cost Mobility offerings: Launched Scheduled UberX Share, allowing consumers to pre-book their ride to save about 25% vs. UberX. Launched Uber Shuttle in the US, letting consumers reserve up to five seats to or from an airport, concert or sporting event, up to seven days in advance. In addition, announced our license to operate buses via Uber Shuttle in Delhi, India, making Uber the first ride-hailing aggregator to be awarded such a license. Finally, expanded the Uber Shuttle service to more U4B clients globally, including Dell in Brazil and McCormick in Mexico.

• EMEA expansion: Launched UberX in Hungary and Luxembourg through partnerships with FoTaxi and Webtaxi, respectively. In addition, launched UberX Share and Trains in Spain; UberX Share in the Netherlands; and Transit in Austria.

• Electrification updates: In July, announced a multi-year strategic partnership with BYD to bring 100,000 new electric vehicles onto the Uber platform across key global markets, with plans to collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform. In addition, launched the PowerUp Package in the UK, giving eligible drivers up to £5,000 toward their next vehicle, with discounts of up to £17,000 on select Kia models and £750 in bp Pulse charging credits.

• Instacart partnership: Partnered with Instacart to power US restaurant delivery within the Instacart app, enabling Instacart customers nationwide to order from hundreds of thousands of restaurants using an Uber Eats interface.

• Expanded Costco partnership: Expanded our partnership with Costco to additional states and provinces across the US and Canada. Through the partnership, Costco members see additional savings and receive a 20% discount on an annual Uber One membership. Costco is currently available on Uber Eats in the US, Canada, Mexico and Japan.

• Grocery & Retail merchant selection: Launched partnerships with popular grocery stores and retailers including The Vitamin Shoppe, GNC and Save A Lot in the US; and 7-Eleven in Mexico. Expanded our partnership with Rite Aid to include alcohol delivery for nearly 1,000 locations across eight US states. In addition, strengthened our partnership with Lawson convenience stores in Japan by agreeing to expand quick commerce offerings and integrating their stock management system into the Uber Eats app.

• Commitment to affordability: Increased merchant-funded offers available on our platform — such as discounts; buy one, get one (“BOGO”) deals; and more — by over 70% YoY on a constant currency basis through improved offer quality and the launch of Happy Hour offers. In addition, launched multi-location ads and budget tooling to improve the enterprise merchant experience of setting up offers across multiple store locations.

• Merchant growth and discovery features: Revamped the Uber Eats Manager software to provide personalized growth recommendations to merchants, such as running a promotion on a certain dish or adding photos to menu listings. In addition, announced plans to launch a short-form video feed to boost discovery and help restaurants showcase their dishes.

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• Procurement platform expansion: Building upon the success and rapid adoption of Uber Freight Exchange: Contract, expanded the platform to include Uber Freight Exchange: Spot, enabling carriers to use intelligent search, bidding, upfront pricing, and automated tendering for spot freight fulfillment.

• Aurora partnership expansion: Launched Premier Autonomy with Aurora, an industry first program to democratize access to driverless trucks for carriers of all sizes. In addition, announced that Uber Freight will be one of Aurora's first customers on its Dallas-to-Houston freight route, with driverless hauls for shippers expected at the end of 2024.

Webcast and conference call information

A live audio webcast of our second quarter ended June 30, 2024 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on August 6, 2024 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and Twitter

accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 52 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Free cash flow; Non-GAAP Costs and Operating Expenses as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non

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SEC Filing: sec.gov/…↗⧉
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# UBER — earnings_press_release
8-K   (filed 2024-10-31)
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Exhibit 99.1

Uber Announces Results for Third Quarter 2024

Gross Bookings grew 16% year-over-year and 20% year-over-year on a constant currency basis

Income from operations of $1.1 billion; Adjusted EBITDA of $1.7 billion, up 55% year-over-year

Operating cash flow of $2.2 billion; Free cash flow of $2.1 billion

SAN FRANCISCO – October 31, 2024 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2024.

“We delivered yet another record quarter of profitable growth at a global scale,  reflecting the strength of our platform, which now has over 25 million Uber One members,” said Dara Khosrowshahi, CEO. “We continue to build with an eye towards the future, optimizing our products for new customer segments and geographies, introducing Rider Verification nationwide to increase safety for drivers, and launching shuttles to airports and venues. And of course, we continue to advance our autonomous strategy, demonstrating how Uber can help unlock this exciting technology for the world.”

“We hit another important milestone this quarter, delivering over $1 billion in GAAP operating income for the first time in our company's history, and are on track to deliver 20% Gross Bookings growth on a constant currency basis for the full year," said Prashanth Mahendra-Rajah, CFO. “We remain committed to returning capital to shareholders through repurchases, while strategically investing in organic growth vectors that will position us to capture the significant opportunities ahead."

Financial Highlights for Third Quarter 2024

• Gross Bookings grew 16% year-over-year (“YoY”) to $41.0 billion, or 20% on a constant currency basis, with Mobility Gross Bookings of $21.0 billion (+17% YoY or +24% YoY constant currency) and Delivery Gross Bookings of $18.7 billion (+16% YoY or +17% YoY constant currency). Trips during the quarter grew 17% YoY to 2.9 billion, or approximately 31 million trips per day on average.

• Revenue grew 20% YoY to $11.2 billion, or 22% on a constant currency basis. Combined Mobility and Delivery revenue grew 23% YoY to $9.9 billion, or 25% on a constant currency basis.

• Income from operations was $1.1 billion, up $667 million YoY and $265 million quarter-over-quarter (“QoQ”).

• Net income attributable to Uber Technologies, Inc. was $2.6 billion, which includes a $1.7 billion benefit (pre-tax) due to net unrealized gains related to the revaluation of Uber’s equity investments.

• Adjusted EBITDA of $1.7 billion, up 55% YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.1%, up from 3.1% in Q3 2023.

• Net cash provided by operating activities was $2.2 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.1 billion.

• Share repurchases were $375 million of our common stock under the February 2024 authorization.

• Unrestricted cash, cash equivalents, and short-term investments were $9.1 billion at the end of the third quarter. We expect to redeem $2.0 billion of our outstanding debt in Q4 2024 .

Outlook for Q4 2024

For Q4 2024, we anticipate:

• Gross Bookings of $42.75 billion to $44.25 billion, which represents 16% to 20% YoY growth on a constant currency basis.

◦ Trips YoY growth to be similar compared to Q3 2024.

◦ Our outlook assumes a roughly 2 percentage point currency headwind to total reported YoY growth, including a roughly 5 percentage point currency headwind to Mobility’s reported YoY growth.

• Adjusted EBITDA of $1.78 billion to $1.88 billion, which represents 39% to 47% YoY growth.

Financial and Operational Highlights for Third Quarter 2024

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q3 2023 net income includes a $96 million net headwind (pre-tax) from revaluations of Uber’s equity investments. Q3 2024 net income includes a $1.7 billion net benefit (pre-tax) from revaluations of Uber’s equity investments.

(3) Net cash provided by operating activities and free cash flow for Q3 2023 includes an approximately $622 million cash outflow related to the payment of an HMRC VAT assessment.

** Percentage not meaningful.

Results by Offering and Segment

Gross Bookings

(1) Mobility Revenue in Q3 2023 and Q3 2024 were negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by $161 million and $310 million, respectively. These changes negatively impacted Mobility revenue YoY growth by 2 percentage points.

Revenue Margin

(1) Mobility Revenue Margin in Q3 2023 and Q3 2024 was negatively impacted by business model changes in some countries that classified certain sales and marketing costs as contra revenue by 90 bps and 150 bps, respectively.

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Financial Highlights for the Third Quarter 2024 (continued)

• Revenue of $6.4 billion: Mobility Revenue grew 26% YoY and 4% QoQ. The YoY increase was primarily attributable to an increase in Mobility Gross Bookings due to an increase in Trip volumes. Mobility Revenue Margin of 30.5% increased 220 bps YoY and 70 bps QoQ. Business model changes negatively impacted Mobility Revenue Margin by 150 bps in Q3 2024.

• Adjusted EBITDA of $1.7 billion: Mobility Adjusted EBITDA increased 31% YoY, and Mobility Adjusted EBITDA margin was 8.0% of Gross Bookings compared to 7.2% in Q3 2023 and 7.6% in Q2 2024. Mobility Adjusted EBITDA margin improvement YoY was primarily driven by better cost leverage from higher volume.

• Revenue of $3.5 billion: Delivery Revenue grew 18% YoY and 5% QoQ. The YoY increase was primarily attributable to an increase in Delivery Gross Bookings due to an increase in Trip volumes, and an increase in advertising revenue. Delivery Revenue Margin of 18.6% increased 40 bps YoY and 40 bps QoQ.

• Adjusted EBITDA of $628 million: Delivery Adjusted EBITDA increased 52% YoY, and Delivery Adjusted EBITDA margin was 3.4% of Gross Bookings, compared to 2.6% in Q3 2023 and 3.2% in Q2 2024. Delivery Adjusted EBITDA margin improvement YoY was primarily driven by better cost leverage from higher volume and increased Advertising revenue.

• Revenue of $1.3 billion: Freight Revenue increased 2% YoY and 3% QoQ. The YoY increase was primarily driven by an increase in revenue per load, partially offset by continued pressure from category-wide headwinds.

• Adjusted EBITDA loss of $19 million: Freight Adjusted EBITDA decreased $6 million YoY. Freight Adjusted EBITDA margin as a percentage of Gross Bookings decreased 50 bps YoY to (1.5%).

• Corporate G&A and Platform R&D: Corporate G&A and Platform R&D expenses of $601 million, compared to $595 million in Q3 2023, and $573 million in Q2 2024. Corporate G&A and Platform R&D as a percentage of Gross Bookings decreased 20 bps YoY and increased 10 bps QoQ. The YoY decrease was primarily due to improved fixed cost leverage, and the QoQ increase was due to certain benefits that occurred in Q2 2024.

GAAP and Non-GAAP Costs and Operating Expenses

• Cost of revenue excluding D&A: GAAP cost of revenue equaled non-GAAP cost of revenue, and was $6.8 billion, representing 16.5% of Gross Bookings, compared to 16.0% in both Q3 2023 and Q2 2024. On a YoY basis, non-GAAP cost of revenue as a percentage of Gross Bookings increased primarily due to an increase in insurance expense.

• GAAP and Non-GAAP operating expenses (Non-GAAP operating expenses exclude certain amounts as further detailed in the “Reconciliations of Non-GAAP Measures” section):

◦ Operations and support: GAAP operations and support was $687 million. Non-GAAP operations and support was $636 million, representing 1.6% of Gross Bookings, compared to 1.8% and 1.6% in Q3 2023 and Q2 2024, respectively. On a YoY basis, non-GAAP operations and support as a percentage of Gross Bookings decreased due to improved fixed cost leverage.

◦ Sales and marketing: GAAP sales and marketing was $1.1 billion. Non-GAAP sales and marketing was $1.1 billion, representing 2.6% of Gross Bookings, compared to 2.6% and 2.7% in Q3 2023 and Q2 2024, respectively. On a YoY basis, non-GAAP sales and marketing as a percentage of Gross Bookings was flat due to an increase in consumer discounts, credits, and refunds, partially offset by Mobility business model changes in some countries that classified certain sales and marketing costs as contra revenue.

◦ Research and development: GAAP research and development was $774 million. Non-GAAP research and development was $505 million, representing 1.2% of Gross Bookings, compared to 1.4% and 1.2% in Q3 2023 and Q2 2024, respectively. On a YoY basis, non-GAAP research and development as a percentage of Gross Bookings decreased due to improved fixed cost leverage.

◦ General and administrative: GAAP general and administrative was $630 million. Non-GAAP general and administrative was $523 million, representing 1.3% of Gross Bookings, compared to 1.5% and 1.3% in Q3 2023 and Q2 2024, respectively. On a YoY basis, non-GAAP general and administrative as a percentage of Gross Bookings decreased due to a decrease in employee headcount costs.

Operating Highlights for the Third Quarter 2024

• Monthly Active Platform Consumers (“MAPCs”) reached 161 million: MAPCs grew 13% YoY to 161 million, driven by continued improvement in consumer activity for both our Mobility and Delivery offerings.

• Trips of 2.9 billion: Trips on our platform grew 17% YoY, driven by both Mobility and Delivery growth. Monthly trips per MAPC remained at an all-time high and grew 4% YoY to 5.9.

• Supporting earners: Drivers and couriers earned an aggregate $18.1 billion (including tips) during the quarter, with earnings up 14% YoY, or 21% on a constant currency basis. Announced 20+ improvements to the earner experience, including nationwide launches of enhanced rider verification and the “Record my Ride” feature, greater service fee transparency, and a redesign of the Uber Driver app.

• New and expanded autonomous partnerships: Expanded our multi-year strategic partnership with Waymo to bring autonomous ride-hailing to Austin and Atlanta, only on Uber. In addition, we announced five new autonomous partnerships across Mobility and Delivery with Cruise, Coco, Wayve, WeRide, and Avride.

• Membership: Debuted our Uber One for Students back to school college campus tour around the US, and expanded Uber One for Students to Canada with additional countries planned by year end. Our global member base surpassed 25 million members.

• Advertising: Launched a pilot of our First Impression ad format, which allows advertisers to temporarily “take over” the home feed to promote new products or offers. Also began to integrate our exclusive partnership with T-Mobile Advertising Solutions, which will expand our JourneyTV offering to over 50,000 vehicles across the US.

• Family profiles with teen accounts: Launched several new features for teen accounts to enhance convenience and security, including the ability for guardians to book trips on behalf of teens, sharing of Uber One membership benefits between guardians and teens, and Uber Reserve for teens.

• Hailables partnerships: Announced that we will return to Denmark in collaboration with a local taxi partner. In India, expanded our Moto partnership with the country’s largest third-party logistics provider to 6 new cities, opening up new supply channels. Lastly, launched our first taxi integration in LatAm with Brazil’s largest taxi hailing app, providing access to 70,000 drivers nationwide.

• Low cost Mobility offerings: Expanded Uber Shuttle to LaGuardia Airport, with trips offered between the airport and major transit hubs in Manhattan every 30 minutes. In addition, began testing “walking and waiting” for UberX Share in select markets to support greater discounts for riders.

• Electrification updates: Introduced several new features to accelerate electrification. For consumers, launched all-electric Uber Green, allowing for an EV-only ride option in 40+ cities globally, alongside an EV preference feature in other markets. For drivers, announced an AI Assistant to help answer EV questions, and an EV mentorship program.

• Travel enhancements: Launched a new feature to let riders search and explore Uber offerings in 10,000+ cities around the world, to Reserve rides for upcoming trips, and see insights into the average on-demand wait time and cost of a ride in that city. In addition, launched flight capture and assistive time picker features in all Reserve cities, allowing riders to add their flight details and get a suggested pickup time for their Reserve airport trip.

• Turo partnership: Announced a multi-year partnership with Turo, the world’s largest peer-to-peer car sharing marketplace, to enable Uber customers to rent from Turo’s wide-ranging selection of vehicles directly from the Uber app across key global markets.

• Merchant growth and discovery features: Launched Bites – a dish-centric, short-form video feed to boost discovery and help restaurants showcase their dishes – in select cities, with plans for continued expansion this year. In addition, launched Uber Eats Lists, enabling consumers to discover curated recommendations from friends and local foodies, and create and share lists of their own go-to spots and dishes, starting in New York and Chicago.

• Uber Direct expansion: Launched and expanded Uber Direct partnerships, including a new multi-year partnership with Darden Restaurants set to begin with Olive Garden, expanded partnerships with Vroom Delivery and Checkmate, and a new partnership with PetSmart.

• Grocery & Retail merchant selection: Expanded our merchant selection in the US and Canada with both grocers including H Mart and Food City, as well as non grocery retailers like Spirit Halloween, Michaels, JD Sports and Pet Supplies Plus. Internationally, launched 24-hour online grocery delivery with supermarket chain Co-op in the UK, and announced a strategic partnership with convenience chain Oxxo in Chile.

• Sustainability enhancements: Introduced the "Climate Collection" in the Uber Eats app to make it easier for consumers to order sustainable brands. Launched Farmers Markets on Uber Eats starting in New York City and Los Angeles, enabling customers to order seasonal produce and fresh goods directly from local farmers markets. Lastly, launched a Green Packaging Marketplace to enable merchants to purchase high-quality, sustainable packaging.

• Courier pick and pack expansion: Launched courier pick and pack as a new earnings type in Japan in partnership with AEON, one of Japan's largest retailers, allowing Uber couriers to shop for Uber Eats consumers at retailers and deliver orders to their homes. Courier pick and pack is also available in the US, Canada, Australia, and the majority of Latin American markets.

• Uber Direct integration: Announced an integration with Uber Direct, Uber's on-demand delivery-as-a-service platform, to power same day and scheduled delivery options for shippers through Uber Freight’s Parcel Transportation Management System (PTMS).

**[Chunk 2 of 3]**
• AI and software advancements: Announced new advanced features for Insights AI, including enhanced chat functionality and a KPI dashboard that delivers real-time, actionable insights. Additionally, upgraded the Uber Freight Transportation Management System (TMS) with an intuitive tracking portal, simplified dock scheduler and upgraded financial management tools.

• Investment grade debt issuances: Completed a registered public offering of $1.25 billion Senior Notes due 2030, $1.5 billion Senior Notes due 2034, and $1.25 billion Senior Notes due 2054, representing our first issuances as an investment grade rated company. Additionally, entered into a new $5.0 billion Credit Agreement. We expect to redeem $2.0 billion of our outstanding debt in Q4 2024.

Webcast and conference call information

A live audio webcast of our third quarter ended September 30, 2024 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on October 31, 2024 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and Twitter accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 55 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Free cash flow; Non-GAAP Costs and Operating Expenses as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful

supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-24-000033
Citation: mdck://UBER/0001543151-24-000033/earnings_press_release#c0

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~599 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,714 words
- `earnings_document_map` (Document Map) — ~2,614 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~1,235 words
- `earnings_income_statement` (Income Statement) — ~657 words
- `earnings_segment_data` (Segment Data) — ~172 words
- `earnings_supplemental_tables` (Supplemental Tables) — ~1,152 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-24-000033", section_id="...")`._

# UBER — earnings_press_release
8-K   (filed 2025-05-07)
**Keyword search:** "trips" — 1 matching chunk

**[Chunk 1 of 1]**
Exhibit 99.1

Uber Announces Results for First Quarter 2025

Gross Bookings grew 14% year-over-year and 18% year-over-year on a constant currency basis

Income from operations of $1.2 billion; Adjusted EBITDA of $1.9 billion, up 35% year-over-year

Operating cash flow and Free cash flow of $2.3 billion

SAN FRANCISCO – May 7, 2025 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2025.

“We kicked off the year with yet another quarter of profitable growth at scale, with trips up 18% and even stronger user retention,” said Dara Khosrowshahi, CEO. “Supported by the consistent strength of our core business, we continue to build towards the future, including five new autonomous vehicle announcements in just the last week.”

“We delivered over $2 billion of quarterly free cash flow, with multiple levers in our control to generate industry-leading cash flow growth,” said Prashanth Mahendra-Rajah, CFO. “We remain focused on disciplined capital allocation to drive greater financial durability and are on track to deliver against our multiyear plan.”

Financial and Operational Highlights for First Quarter 2025

• Trips during the quarter grew 18% year-over-year (“YoY”) to 3.0 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 14% YoY and monthly Trips per MAPC growth of 3% YoY.

• Gross Bookings grew 14% YoY to $42.8 billion, or 18% on a constant currency basis.

• Revenue grew 14% YoY to $11.5 billion, or 17% on a constant currency basis.

• Income from operations was $1.2 billion, up $1.1 billion YoY.

• Net income attributable to Uber Technologies, Inc. was $1.8 billion, which includes a $51 million net benefit (pre-tax) from revaluations of Uber’s equity investments.

• Adjusted EBITDA grew 35% YoY to $1.9 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.4%, up from 3.7% in Q1 2024.

• Net cash provided by operating activities was $2.3 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.3 billion.

• Unrestricted cash, cash equivalents, and short-term investments were $6.0 billion at the end of the first quarter.

Outlook for Q2 2025

For Q2 2025, we anticipate:

• Gross Bookings of $45.75 billion to $47.25 billion, representing growth of 16% to 20% YoY on a constant currency basis.

◦ Our outlook assumes a roughly 1.5 percentage point currency headwind to total reported YoY growth (including a roughly 3 percentage point currency headwind to Mobility).

• Adjusted EBITDA of $2.02 billion to $2.12 billion, which represents 29% to 35% YoY growth.

Financial and Operational Highlights for First Quarter 2025

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q1 2024 net loss includes a $721 million net headwind (pre-tax) from revaluations of Uber’s equity investments. Q1 2025 net income includes a $51 million net benefit (pre-tax) from revaluations of Uber’s equity investments.

** Percentage not meaningful.

Results by Offering and Segment

Gross Bookings

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Webcast and conference call information

A live audio webcast of our first quarter ended March 31, 2025 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on May 7, 2025 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 61 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA, revenue growth rates in constant currency and free cash flow. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non-GAAP financial measures, please see the sections titled “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. In regards to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include,

but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.

Investors and analysts: [email protected]

Media: [email protected]

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share amounts which are reflected in thousands, and per share amounts)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Key Terms for Our Key Metrics

Driver(s). The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both.

Gross Bookings. We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and

Driver incentives) and Freight revenue. Gross Bookings do not include tips earned by Drivers. Gross Bookings are an indication of the scale of our current platform, which ultimately impacts revenue.

Monthly Active Platform Consumers (“MAPCs”). We define MAPCs as the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. While a unique consumer can use multiple product offerings on our platform in a given month, that unique consumer is counted as only one MAPC.

Segment Adjusted EBITDA. We define each segment’s Adjusted EBITDA as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Adjusted EBITDA.

Trips. We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. For example, an UberX Share ride with three paying consumers represents three unique Trips, whereas an UberX ride with three passengers represents one Trip. We believe that Trips are a useful metric to measure the scale and usage of our platform.

Definitions of Non-GAAP Measures

We collect and analyze operating and financial data to evaluate the health of our business and assess our performance. In addition to revenue, net income (loss), income (loss) from operations, and other results under GAAP, we use: Adjusted EBITDA, reve nue growth rates in constant currency and free cash flow, which are described below, to evaluate our business. We use these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. Our calculation of these non-GAAP financial measures may differ from similarly-titled non-GAAP measures, if any, reported by our peer companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP.

Adjusted EBITDA

We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and amortization, (viii) stock-based compensation expense, (ix) certain legal, tax, and regulatory reserve changes and settlements, (x) goodwill and asset impairments/loss on sale of assets, (xi) acquisition, financing and divestitures related expenses, (xii) restructuring and related charges and (xiii) other items not indicative of our ongoing operating performance.

We have included Adjusted EBITDA because it is a key measure used by our management team to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. In addition, it provides a useful measure for period-to-period comparisons of our business, as it removes the effect of certain non-cash expenses and certain variable charges.

Legal, tax, and regulatory reserve changes and settlements

Legal, tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, tax and regulatory matters and related expenses incurred in our ongoing operating performance.

Limitations of Non-GAAP Financial Measures and Adjusted EBITDA Reconciliation

Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following:

• Adjusted EBITDA excludes certain recurring, non-cash charges, such as depreciation of property and equipment and amortization of intangible assets, and although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements;

• Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy;

• Adjusted EBITDA excludes certain restructuring and related charges, part of which may be settled in cash;

• Adjusted EBITDA excludes other items not indicative of our ongoing operating performance;

• Adjusted EBITDA does not reflect period to period changes in taxes, income tax expense or the cash necessary to pay income taxes;

• Adjusted EBITDA does not reflect the components of other income (expense), net, which primarily includes: interest income; foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net; and

• Adjusted EBITDA excludes certain legal, tax, and regulatory reserve changes and settlements that may reduce cash available to us.

Constant Currency

We compare the percent change in our current period results from the corresponding prior period using constant currency disclosure. We present constant currency growth rate information to provide a framework for assessing how our underlying revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior period’s monthly exchange rates for our transacted currencies other than the U.S. dollar.

Free Cash Flow

We define free cash flow as net cash flows from operating activities less capital expenditures.

Reconciliations of Non-GAAP Measures

Adjusted EBITDA

The following table presents reconciliations of Adjusted EBITDA to the most directly comparable GAAP financial measure for each of the periods indicated:

Free Cash Flow

The following table presents reconciliations of free cash flow to the most directly comparable GAAP financial measure for each of the periods indicated:

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-25-000012
Citation: mdck://UBER/0001543151-25-000012/earnings_press_release#c0

1 chunk matched "trips". Remove query to browse full section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~614 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,325 words
- `earnings_document_map` (Document Map) — ~1,478 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~406 words
- `earnings_income_statement` (Income Statement) — ~497 words
- `earnings_segment_data` (Segment Data) — ~172 words
- `earnings_supplemental_tables` (Supplemental Tables) — ~349 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-25-000012", section_id="...")`._

# UBER — earnings_press_release
8-K   (filed 2025-11-04)
**Keyword search:** "trips" — 1 matching chunk

**[Chunk 1 of 1]**
Exhibit 99.1

Uber Announces Results for Third Quarter 2025

Trips grew 22% year-over-year and Gross Bookings grew 21% year-over-year

Income from operations of $1.1 billion; Adjusted EBITDA of $2.3 billion, up 33% year-over-year

Operating cash flow of $2.3 billion and Free cash flow of $2.2 billion

SAN FRANCISCO – November 4, 2025 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2025.

“Uber’s growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company’s history,” said Dara Khosrowshahi, CEO. “We’re building on that momentum by investing in lifelong customer relationships, leaning into our local commerce strategy, and harnessing the transformative potential of AI and autonomy.”

“We delivered another impressive quarter on both the top and bottom lines, with accelerating growth and record profitability,” said Prashanth Mahendra-Rajah, CFO. “This consistent execution positions us very well to invest in the many accretive growth opportunities ahead, while maintaining our commitment to returning capital to shareholders.”

Financial and Operational Highlights for Third Quarter 2025

• Trips during the quarter grew 22% year-over-year (“YoY”) to 3.5 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 17% YoY and monthly Trips per MAPC growth of 4% YoY.

• Gross Bookings grew 21% YoY to $49.7 billion, or 21% on a constant currency basis.

• Revenue grew 20% YoY to $13.5 billion, and 19% on a constant currency basis.

• Income from operations grew 5% YoY to $1.1 billion.

• Net income attributable to Uber Technologies, Inc. was $6.6 billion, which includes a $4.9 billion benefit from a tax valuation release.

• Adjusted EBITDA grew 33% YoY to $2.3 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.5%, up from 4.1% in Q3 2024.

• Net cash provided by operating activities was $2.3 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.2 billion.

• Unrestricted cash, cash equivalents, and short-term investments were $9.1 billion at the end of the third quarter. We intend to redeem our $1.2 billion Convertible Notes due December 2025 in Q4 2025.

Outlook for Q4 2025

For Q4 2025, we anticipate:

• Gross Bookings of $52.25 billion to $53.75 billion, representing growth of 17% to 21% YoY on a constant currency basis.

◦ Our outlook assumes a roughly 1 percentage-point currency tailwind to total reported YoY growth.

• Adjusted EBITDA of $2.41 billion to $2.51 billion, which represents 31% to 36% YoY growth.

Financial and Operational Highlights for Third Quarter 2025

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q3 2024 net income includes a $1.7 billion net benefit (pre-tax) from revaluations of Uber’s equity investments. Q3 2025 net income includes a $4.9 billion benefit from a tax valuation release and a $1.5 billion net benefit (pre-tax) from revaluations of Uber’s equity investments.

Results by Offering and Segment

Gross Bookings

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Webcast and conference call information

A live audio webcast of our third quarter ended September 30, 2025 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on November 4, 2025 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 68 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Free cash flow; as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non-GAAP financial measures, please see the sections titled “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. In regards to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.

Investors and analysts: [email protected]

Media: [email protected]

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share amounts which are reflected in thousands, and per share amounts)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Key Terms for Our Key Metrics

Driver(s). The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both.

Gross Bookings. We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives) and Freight revenue. Gross Bookings do not include tips earned by Drivers. Gross Bookings are an indication of the scale of our current platform, which ultimately impacts revenue.

Monthly Active Platform Consumers (“MAPCs”). We define MAPCs as the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. While a unique consumer can use multiple product offerings on our platform in a given month, that unique consumer is counted as only one MAPC.

Segment Adjusted EBITDA. We define each segment’s Adjusted EBITDA as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Adjusted EBITDA.

Trips. We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. For example, an UberX Share ride with three paying consumers represents three unique Trips, whereas an UberX ride with three passengers represents one Trip. We believe that Trips are a useful metric to measure the scale and usage of our platform.

Definitions of Non-GAAP Measures

We collect and analyze operating and financial data to evaluate the health of our business and assess our performance. In addition to revenue, net income (loss), income (loss) from operations, and other results under GAAP, we use: Adjusted EBITDA; Free cash flow; as well as, reve nue growth rates in constant currency, which are described below, to evaluate our business. We have included these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. Our calculation of these non-GAAP financial measures may differ from similarly-titled non-GAAP measures, if any, reported by our peer companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP.

Adjusted EBITDA

We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and amortization, (viii) stock-based compensation expense, (ix) certain legal, tax, and regulatory reserve changes and settlements, (x) goodwill and asset impairments/loss on sale of assets, (xi) acquisition, financing and divestitures related expenses, (xii) restructuring and related charges and (xiii) other items not indicative of our ongoing operating performance.

We have included Adjusted EBITDA because it is a key measure used by our management team to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. In addition, it provides a useful measure for period-to-period comparisons of our business, as it removes the effect of certain non-cash expenses and certain variable charges.

Legal, tax, and regulatory reserve changes and settlements

Legal, tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, tax and regulatory matters and related expenses incurred in our ongoing operating performance.

Limitations of Non-GAAP Financial Measures and Adjusted EBITDA Reconciliation

Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following:

• Adjusted EBITDA excludes certain recurring, non-cash charges, such as depreciation of property and equipment and amortization of intangible assets, and although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements;

• Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy;

• Adjusted EBITDA excludes certain restructuring and related charges, part of which may be settled in cash;

• Adjusted EBITDA excludes other items not indicative of our ongoing operating performance;

• Adjusted EBITDA does not reflect period to period changes in taxes, income tax expense or the cash necessary to pay income taxes;

• Adjusted EBITDA does not reflect the components of other income (expense), net, which primarily includes: interest income; foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net; and

• Adjusted EBITDA excludes certain legal, tax, and regulatory reserve changes and settlements that may reduce cash available to us.

Constant Currency

We compare the percent change in our current period results from the corresponding prior period using constant currency disclosure. We present constant currency growth rate information to provide a framework for assessing how our underlying revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior period’s monthly exchange rates for our transacted currencies other than the U.S. dollar.

Free Cash Flow

We define free cash flow as net cash flows from operating activities less capital expenditures.

Reconciliations of Non-GAAP Measures

Adjusted EBITDA

The following table presents reconciliations of Adjusted EBITDA to the most directly comparable GAAP financial measure for each of the periods indicated:

Free Cash Flow

The following tables present reconciliations of free cash flow to the most directly comparable GAAP financial measure for each of the periods indicated:

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-25-000030
Citation: mdck://UBER/0001543151-25-000030/earnings_press_release#c0

1 chunk matched "trips". Remove query to browse full section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~614 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,670 words
- `earnings_document_map` (Document Map) — ~1,429 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~527 words
- `earnings_income_statement` (Income Statement) — ~656 words
- `earnings_segment_data` (Segment Data) — ~172 words
- `earnings_supplemental_tables` (Supplemental Tables) — ~349 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-25-000030", section_id="...")`._

# UBER — earnings_press_release
8-K   (filed 2025-08-06)
**Keyword search:** "trips" — 1 matching chunk

**[Chunk 1 of 2]**
Exhibit 99.1

Uber Announces Results for Second Quarter 2025

Trips and Gross Bookings grew 18% year-over-year

Income from operations of $1.5 billion; Adjusted EBITDA of $2.1 billion, up 35% year-over-year

Operating cash flow of $2.6 billion and Free cash flow of $2.5 billion (1)

New $20 billion share repurchase authorization

SAN FRANCISCO – August 6, 2025 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2025.

“Our platform strategy is working, with record audience, frequency, and profitability across Mobility and Delivery,” said Dara Khosrowshahi, CEO. “But we’re still only beginning to unlock the platform’s full potential, now with 20 autonomous partners around the world.”

“Today’s announcement of a new $20 billion share repurchase authorization underscores our confidence in the business, following yet another quarter of strong top and bottom-line performance,” said Prashanth Mahendra-Rajah, CFO. “Our trailing twelve month free cash flow hit a new all-time high of $8.5 billion and we remain committed to driving durable, profitable growth.”

Financial and Operational Highlights for Second Quarter 2025

• Trips during the quarter grew 18% year-over-year (“YoY”) to 3.3 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 15% YoY and monthly Trips per MAPC growth of 2% YoY.

• Gross Bookings grew 17% YoY to $46.8 billion, or 18% on a constant currency basis.

• Revenue grew 18% YoY to $12.7 billion, and 18% on a constant currency basis.

• Income from operations grew 82% YoY to $1.5 billion.

• Net income attributable to Uber Technologies, Inc. was $1.4 billion, which includes a $17 million net headwind (pre-tax) from revaluations of Uber’s equity investments.

• Adjusted EBITDA grew 35% YoY to $2.1 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.5%, up from 3.9% in Q2 2024.

• Net cash provided by operating activities was $2.6 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.5 billion.

• Unrestricted cash, cash equivalents, and short-term investments were $7.4 billion at the end of the second quarter.

• New share repurchase program authorized up to an additional $20 billion of common stock.

Outlook for Q3 2025

For Q3 2025, we anticipate:

• Gross Bookings of $48.25 billion to $49.75 billion, representing growth of 17% to 21% YoY on a constant currency basis.

◦ Our outlook assumes a neutral to modestly positive FX impact to total reported YoY growth.

◦ As a reminder, our outlook includes the contribution from the close of the Trendyol Go acquisition; excluding this, our growth outlook would be 16% to 20% YoY on a constant-currency basis (consistent with the prior quarter).

• Adjusted EBITDA of $2.19 billion to $2.29 billion, which represents 30% to 36% YoY growth.

(1) Trailing twelve months operating cash flow of $8.8 billion and trailing twelve months free cash flow of $8.5 billion.

Financial and Operational Highlights for Second Quarter 2025

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q2 2024 net income includes a $333 million net benefit (pre-tax) from revaluations of Uber’s equity investments. Q2 2025 net income includes a $17 million net headwind (pre-tax) from revaluations of Uber’s equity investments.

Results by Offering and Segment

Gross Bookings

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Webcast and conference call information

A live audio webcast of our second quarter ended June 30, 2025 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on August 6, 2025 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 64 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Free cash flow; as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non-GAAP financial measures, please see the sections titled “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. In regards to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.

Investors and analysts: [email protected]

Media: [email protected]

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share amounts which are reflected in thousands, and per share amounts)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Key Terms for Our Key Metrics

Driver(s). The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both.

Gross Bookings. We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives) and Freight revenue. Gross Bookings do not include tips earned by Drivers. Gross Bookings are an indication of the scale of our current platform, which ultimately impacts revenue.

Monthly Active Platform Consumers (“MAPCs”). We define MAPCs as the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. While a unique consumer can use multiple product offerings on our platform in a given month, that unique consumer is counted as only one MAPC.

Segment Adjusted EBITDA. We define each segment’s Adjusted EBITDA as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Adjusted EBITDA.

Trips. We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. For example, an UberX Share ride with three paying consumers represents three unique Trips, whereas an UberX ride with three passengers represents one Trip. We believe that Trips are a useful metric to measure the scale and usage of our platform.

Definitions of Non-GAAP Measures

We collect and analyze operating and financial data to evaluate the health of our business and assess our performance. In addition to revenue, net income (loss), income (loss) from operations, and other results under GAAP, we use: Adjusted EBITDA; Free cash flow; as well as, reve nue growth rates in constant currency, which are described below, to evaluate our business. We have included these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. Our calculation of these non-GAAP financial measures may differ from similarly-titled non-GAAP measures, if any, reported by our peer companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP.

Adjusted EBITDA

We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and amortization, (viii) stock-based compensation expense, (ix) certain legal, tax, and regulatory reserve changes and settlements, (x) goodwill and asset impairments/loss on sale of assets, (xi) acquisition, financing and divestitures related expenses, (xii) restructuring and related charges and (xiii) other items not indicative of our ongoing operating performance.

We have included Adjusted EBITDA because it is a key measure used by our management team to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. In addition, it provides a useful measure for period-to-period comparisons of our business, as it removes the effect of certain non-cash expenses and certain variable charges.

Legal, tax, and regulatory reserve changes and settlements

Legal, tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, tax and regulatory matters and related expenses incurred in our ongoing operating performance.

Limitations of Non-GAAP Financial Measures and Adjusted EBITDA Reconciliation

Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following:

• Adjusted EBITDA excludes certain recurring, non-cash charges, such as depreciation of property and equipment and amortization of intangible assets, and although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect all cash capital expenditure requirements for such replacements or for new capital expenditure requirements;

• Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy;

• Adjusted EBITDA excludes certain restructuring and related charges, part of which may be settled in cash;

• Adjusted EBITDA excludes other items not indicative of our ongoing operating performance;

• Adjusted EBITDA does not reflect period to period changes in taxes, income tax expense or the cash necessary to pay income taxes;

• Adjusted EBITDA does not reflect the components of other income (expense), net, which primarily includes: interest income; foreign currency exchange gains (losses), net; and unrealized gain (loss) on debt and equity securities, net; and

• Adjusted EBITDA excludes certain legal, tax, and regulatory reserve changes and settlements that may reduce cash available to us.

Constant Currency

We compare the percent change in our current period results from the corresponding prior period using constant currency disclosure. We present constant currency growth rate information to provide a framework for assessing how our underlying revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior period’s monthly exchange rates for our transacted currencies other than the U.S. dollar.

Free Cash Flow

We define free cash flow as net cash flows from operating activities less capital expenditures.

Reconciliations of Non-GAAP Measures

Adjusted EBITDA

The following table presents reconciliations of Adjusted EBITDA to the most directly comparable GAAP financial measure for each of the periods indicated:

Free Cash Flow

---
SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-25-000020
Citation: mdck://UBER/0001543151-25-000020/earnings_press_release#c0

1 chunk matched "trips". Remove query to browse full section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~614 words
- `earnings_boilerplate` (Boilerplate) — ~327 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,668 words
- `earnings_document_map` (Document Map) — ~1,491 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~526 words
- `earnings_income_statement` (Income Statement) — ~655 words
- `earnings_segment_data` (Segment Data) — ~172 words
- `earnings_supplemental_tables` (Supplemental Tables) — ~349 words
- `exhibit_manifest` (Exhibits — manifest (full inventory; extracted vs. link-only)) — ~22 words
- `item_8_01_other_events` (Item 8.01 — Other Events) — ~104 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-25-000020", section_id="...")`._

# UBER — earnings_press_release
8-K   (filed 2026-02-04)
**Keyword search:** "trips" — 1 matching chunk

**[Chunk 1 of 2]**
Exhibit 99.1

Uber Announces Results for Fourth Quarter and Full Year 2025

Quarterly trips grew 22% year-over-year and Gross Bookings grew 22% year-over-year

Record quarterly GAAP Income from operations of $1.8 billion; Adjusted EBITDA of $2.5 billion, up 35% year-over-year

Record quarterly operating cash flow of $2.9 billion and Free cash flow of $2.8 billion

SAN FRANCISCO – February 4, 2026 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter and full year ended December 31, 2025.

“Uber accelerated into another record-breaking quarter, with more than 200 million monthly users completing more than 40 million trips every day—our largest and most engaged consumer base ever,” said Dara Khosrowshahi, CEO. “We enter 2026 with a rapidly growing topline, significant cash flow, and a clear path to becoming the largest facilitator of AV trips in the world.”

“Our performance this year reflects the significant power of our platform strategy, with $193 billion in Gross Bookings and $10 billion in free cash flow,” said Prashanth Mahendra-Rajah, CFO. “Uber is a once-in-a-generation company with enormous opportunity still ahead, and it has been a true privilege—and a great deal of fun—to have played my part in its success.”

“After five years of 20%+ growth, we are entering 2026 with strong momentum, while remaining solidly on track to deliver on our three-year growth and profit outlook,” said Balaji Krishnamurthy, incoming CFO. “With large and growing free cash flows, over the coming years we will invest with discipline across a multitude of opportunities, including positioning Uber to win in an AV future.”

Financial and Operational Highlights for Fourth Quarter 2025

• Trips during the quarter grew 22% year-over-year (“YoY”) to 3.8 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 18% YoY and monthly Trips per MAPC growth of 3% YoY.

• Gross Bookings grew 22% YoY to $54.1 billion, and 22% on a constant currency basis.

• Revenue grew 20% YoY to $14.4 billion, or 19% on a constant currency basis.

• GAAP Income from operations grew 130% YoY to $1.8 billion.

• GAAP Net income attributable to Uber Technologies, Inc. was $296 million, which includes a $1.6 billion net headwind (pre-tax) from revaluations of Uber’s equity investments. GAAP Diluted earnings per share (“EPS”) was $0.14.

• Adjusted EBITDA grew 35% YoY to $2.5 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.6%, up from 4.2% in Q4 2024.

• Non-GAAP Operating Income grew 46% YoY to $1.9 billion. Non-GAAP Operating Income as a percentage of Gross Bookings was 3.5%, up from 3.0% in Q4 2024.

• Non-GAAP Net Income grew 25% YoY to $1.5 billion and Non-GAAP EPS grew 27% YoY to $0.71.

• Net cash provided by operating activities was $2.9 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.8 billion.

• Unrestricted cash, cash equivalents, and short-term investments were $7.6 billion at the end of the fourth quarter.

Outlook for Q1 2026

For Q1 2026, we anticipate:

• Gross Bookings of $52.0 billion to $53.5 billion, representing growth of 17% to 21% YoY on a constant currency basis.

◦ Our outlook assumes a roughly 4 percentage-point currency tailwind to total reported YoY growth.

• Non-GAAP EPS of $0.65 to $0.72, representing growth of 37% YoY at the midpoint.

◦ Our outlook translates to Adjusted EBITDA of $2.37 billion to $2.47 billion.

Financial and Operational Highlights for Fourth Quarter 2025

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q4 2024 net income includes a $6.4 billion benefit from a tax valuation release and a $556 million net benefit (pre-tax) from revaluations of Uber’s equity investments. Q4 2025 net income includes a $1.6 billion net headwind (pre-tax) from revaluations of Uber’s equity investments.

Full Year 2025 Financial and Operational Highlights

(1) See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Net income for the year ended December 31, 2024 includes a $6.4 billion benefit from a tax valuation release and a $1.8 billion net benefit (pre-tax) from revaluations of Uber’s equity investments. Net income for the year ended December 31, 2025 includes a $5.0 billion benefit from a tax valuation release and a $97 million net headwind (pre-tax) from revaluations of Uber’s equity investments.

Results by Offering and Segment

Gross Bookings

Adjusted EBITDA and Segment Adjusted EBITDA

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

** Percentage not meaningful.

Non-GAAP Operating Income and Segment Operating Income (Loss)

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) “Non-GAAP Operating Income” is a non-GAAP measure as defined by the SEC. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Webcast and conference call information

A live audio webcast of our fourth quarter ended December 31, 2025 earnings release call will be available at investor.uber.com/…↗⧉, along with the earnings press release and slide presentation. The call begins on February 4, 2026 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (investor.uber.com/…↗⧉), and our blogs (uber.com/…↗⧉) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 72 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Forward-Looking Statements

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non-GAAP financial measures, please see the sections titled “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” included at the end of this release. In regards to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking Non-GAAP EPS and Adjusted EBITDA measures to the closest corresponding GAAP measures without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.

Investors and analysts: [email protected]

Media: [email protected]

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share amounts which are reflected in thousands, and per share amounts)

(Unaudited)

UBER TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Key Terms for Our Key Metrics

Driver(s). The term Driver collectively refers to independent providers of ride or delivery services who use our platform to provide Mobility or Delivery services, or both.

Gross Bookings. We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of: Mobility rides, Delivery orders (in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives) and Freight revenue. Gross Bookings do not include tips earned by Drivers. Gross Bookings are an indication of the scale of our current platform, which ultimately impacts revenue.

Monthly Active Platform Consumers (“MAPCs”). We define MAPCs as the number of unique consumers who completed a Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. While a unique consumer can use multiple product offerings on our platform in a given month, that unique consumer is counted as only one MAPC.

Segment Adjusted EBITDA. We define each segment’s Adjusted EBITDA as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Adjusted EBITDA.

Segment Operating Income (Loss). We define each segment’s Operating Income (Loss) as segment revenue less direct costs and expenses of that segment as well as any applicable exclusions from Non-GAAP Operating Income.

Trips. We define Trips as the number of completed consumer Mobility rides and Delivery orders in a given period. For example, an UberX Share ride with three paying consumers represents three unique Trips, whereas an UberX ride with three passengers represents one Trip. We believe that Trips are a useful metric to measure the scale and usage of our platform.

Definitions of Non-GAAP Measures

We collect and analyze operating and financial data to evaluate the health of our business and assess our performance. In addition to revenue, net income (loss), income (loss) from operations, and other results under GAAP, we use: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, reve nue growth rates in constant currency, which are described below, to evaluate our business. We have included these non-GAAP financial measures because they are key measures used by our management to evaluate our operating performance, generate future operating plans, and make strategic decisions. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team and board of directors. In addition, they provide useful measures for period-to-period comparisons of our business, as they remove the effect of certain non-cash expenses, certain variable charges and other gains, losses, benefits, or charges that are unpredictable, in both magnitude and timing, and items not indicative of our ongoing operating performance. Our calculation of these non-GAAP financial measures may differ from similarly-titled non-GAAP measures, if any, reported by our peer companies. These non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP.

Adjusted EBITDA

We define Adjusted EBITDA as net income (loss), excluding (i) income (loss) from discontinued operations, net of income taxes, (ii) net income (loss) attributable to non-controlling interests, net of tax, (iii) provision for (benefit from) income taxes, (iv) income (loss) from equity method investments, (v) interest expense, (vi) interest income, (vii) other income (expense), net, (viii) depreciation and amortization, (ix) stock-based compensation expense, (x) certain legal, non-income tax, and regulatory reserve changes and settlements, (xi) goodwill and asset impairments/loss on sale of assets, (xii) acquisition, financing and divestitures related expenses, (xiii) restructuring and related charges and (xiv) other items not indicative of our ongoing operating performance.

• Legal, non-income tax, and regulatory reserve changes and settlements. Legal, non-income tax, and regulatory reserve changes and settlements are primarily related to certain significant legal proceedings or governmental investigations related to worker classification definitions, or tax agencies challenging our non-income tax positions. These matters have limited precedent, cover extended historical periods and are unpredictable in both magnitude and timing, therefore are distinct from normal, recurring legal, non-income tax and regulatory matters and related expenses incurred in our ongoing operating performance.

Limitations of Adjusted EBITDA and Adjusted EBITDA Reconciliation

Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with GAAP. These limitations include the following:

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SEC Filing: sec.gov/…↗⧉
Accession: 0001543151-26-000011
Citation: mdck://UBER/0001543151-26-000011/earnings_press_release#c0

1 chunk matched "trips". Remove query to browse full section.

**Other sections in this filing:**
- `earnings_balance_sheet` (Balance Sheet) — ~614 words
- `earnings_boilerplate` (Boilerplate) — ~331 words
- `earnings_cash_flow` (Cash Flow Statement) — ~1,206 words
- `earnings_document_map` (Document Map) — ~2,017 words
- `earnings_gaap_reconciliation` (GAAP Reconciliation) — ~1,581 words
- `earnings_income_statement` (Income Statement) — ~1,521 words
- `earnings_segment_data` (Segment Data) — ~171 words
- `earnings_supplemental_tables` (Supplemental Tables) — ~437 words
- `exhibit_manifest` (Exhibits — manifest (full inventory; extracted vs. link-only)) — ~22 words
- `item_5_02_executive_changes` (Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) — ~584 words
- `transcript_guidance` (Forward Guidance) — ~1,507 words
- `transcript_prepared_remarks` (Prepared Remarks) — ~7,053 words

_Drill in via `get_filing_section(cik="0001543151", accession_number="0001543151-26-000011", section_id="...")`._

DigestPayload · 2,092 chars

I now have all the data needed. All four 2025 filings are on or before the 2026-02-15 vantage date ✓.

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**Data compilation:**

**2025 Trips (exact, from MetricDuck metric history — 10-Q/10-K filings):**
- Q1 2025: 3,036,000,000 (10-Q, filed 2025-05-07)
- Q2 2025: 3,268,000,000 (10-Q, filed 2025-08-06)
- Q3 2025: 3,512,000,000 (10-Q, filed 2025-11-04)
- Q4 2025: 3,751,000,000 (10-K/8-K, filed 2026-02-04)

**2024 prior-year comparables:**
- Q1 2024: ~2,573M (derived: 3,036M ÷ 1.18; press release confirms "2.6 billion")
- Q2 2024: ~2,769M (derived: 3,268M ÷ 1.18; press release confirms "2.8 billion")
- Q3 2024: ~2,879M (derived: 3,512M ÷ 1.22; press release confirms "2.9 billion")
- Q4 2024: 3,068,000,000 (exact, from MetricDuck metric history)

**YoY growth — as stated in each quarter's 8-K earnings press release:**
- Q1 2025: +18% (8-K filed 2025-05-07)
- Q2 2025: +18% (8-K filed 2025-08-06)
- Q3 2025: +22% (8-K filed 2025-11-04)
- Q4 2025: +22% (8-K filed 2026-02-04; cross-check: 3,751M ÷ 3,068M − 1 = 22.3% ✓)

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FINAL ANSWER:

**(a) Uber Trips completed by quarter in fiscal 2025:**
- Q1 2025 (ended March 31, 2025): **3.036 billion trips**
- Q2 2025 (ended June 30, 2025): **3.268 billion trips**
- Q3 2025 (ended September 30, 2025): **3.512 billion trips**
- Q4 2025 (ended December 31, 2025): **3.751 billion trips**

**(b) Year-over-year Trips growth trend across the four quarters of 2025:**
- Q1 2025: **+18% YoY** (vs. ~2.6B in Q1 2024)
- Q2 2025: **+18% YoY** (vs. ~2.8B in Q2 2024)
- Q3 2025: **+22% YoY** (vs. ~2.9B in Q3 2024)
- Q4 2025: **+22% YoY** (vs. 3.068B in Q4 2024)

The trend shows a clear re-acceleration in the back half of 2025. Growth held steady at 18% through Q1–Q2 (a modest deceleration from the 21% YoY rates seen in H1 2024), then stepped up to 22% in Q3–Q4 and held there, reflecting a notable acceleration in the second half driven by stronger audience (+17–18% MAPC growth) and frequency gains (+3–4% monthly trips per MAPC). The acceleration was aided in part by easier comparisons in Q3–Q4 2024, when trip growth had slowed to 17%.