Uber Results Presentation Deck

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Uber

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May 2019

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#1Uber Technologies, Inc. Q1 2019 Earnings Supplemental Data May 30, 2019 Kette#2Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted Net Revenue; Core Platform Adjusted Net Revenue; Ridesharing Adjusted Net Revenue; Uber Eats Adjusted Net Revenue; Adjusted EBITDA and Adjusted Costs and expenses. 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 Uber Q1 2019 Earnings and liquidity 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 and liquidity. 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. We compensate for these limitations by providing 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 section titled "Reconciliations from Non-GAAP Measures" included at the end of this deck. 2#3Forward Looking Statements This presentation may contain forward-looking statements regarding our future business expectations that involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "objective," "ongoing," "plan," "potential," "predict," "project," "should," "target," "will," or "would" or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or Uber Q1 2019 Earnings achievements to be materially different from any future results, performance or achievements expressed or implied by the forward- looking statements. These risks include, but are not limited to, risks and uncertainties related to: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments. In addition, other potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, on May 13, 2019. Additional information will be made available in our quarterly report on Form 10-Q for the quarter ended March 31, 2019 and other filings that we make from time to time with the SEC. All information provided in this presentation is as of the date hereof and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no duty to update this information unless required by law. 3#4Gross Bookings ($ in Millions) Core Platform Other Bets $6,938 Q1 2017 $8,081 Q2 2017 % YoY Growth % YoY Constant Currency Growth $9,045 Q3 2017 $10,345 Q4 2017 57% 53% $10,893 Q1 2018 49% 49% $12,012 Q2 2018 41% 46% $12,725 Q3 2018 Note 1: We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of Ridesharing and New Mobility rides, Uber Eats meal deliveries, and amounts paid by Uber Freight shippers, in each case without any adjustment for consumer discounts and refunds, Driver and restaurant earnings, and Driver incentives. Gross Bookings do not include tips earned by Drivers. Gross Bookings exclude the impact of our 2018 Divested Operations. Note 2: "%YoY Constant Currency Growth" is calculated 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. 37% 43% 34% 41% $14,169 $14,649 Q4 2018 Q1 2019#5Core Platform Gross Bookings ($ in Millions) Ridesharing Uber Eats $6,936 Q1 2017 $8,072 Q2 2017 % YoY Growth % YoY Constant Currency Growth $9,024 Q3 2017 $10,310 Q4 2017 56% 53% $10,853 Q1 2018 48% 48% $11,940 Q2 2018 Note 1: We define Core Platform Gross Bookings as Gross bookings pertaining to our Ridesharing, Uber Eats and Other Core Platform businesses. Note 2: "%YoY Constant Currency Growth" is calculated 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. 40% 45% $12,599 Q3 2018 36% 42% $14,040 Q4 2018 34% 41% $14,517 Q1 2019 5#6Monthly Active Platform Consumers (in Millions) 49 Q1 2017 57 Q2 2017 62 Q3 2017 Note 1: MAPCs is the number of unique consumers who completed a Ridesharing or New Mobility ride or received an Uber Eats meal on our platform at least once in a given month, averaged over each month in the quarter. 68 Q4 2017 70 Q1 2018 76 Q2 2018 82 Q3 2018 91 Q4 2018 93 Q1 2019 6#7Trips (in Millions) 774 Q1 2017 889 Q2 2017 985 Q3 2017 1,088 1,136 Q4 2017 Note 1: We define Trips as the number of completed consumer Ridesharing or New Mobility rides and Uber Eats meal deliveries in a given period. Q1 2018 1,242 Q2 2018 1,348 Q3 2018 1,493 1,550 Q4 2018 Q1 2019 7#8Monthly Trips per MAPC 5.2 Q1 2017 5.2 Q2 2017 5.3 Q3 2017 Note 1: We define Monthly Trips per MAPC as the average number of Trips divided by MAPCs in a given period. 5.4 Q4 2017 5.4 Q1 2018 5.5 Q2 2018 5.5 Q3 2018 5.5 Q4 2018 5.5 Q1 2019 8#9Adjusted Net Revenue ($ in Millions) Core Platform Other Bets $1,309 Q1 2017 $1,630 Q2 2017 % YoY Growth % YoY Constant Currency Growth $1,982 Q3 2017 $2,282 Q4 2017 85% 81% $2,423 Q1 2018 58% 57% $2,574 Q2 2018 34% 38% $2,656 Q3 2018 Note 1: We define Adjusted Net Revenue as revenue less (i) excess Driver incentives and (ii) Driver referrals. We believe that Adjusted Net Revenue is informative of our top line performance because it measures the total net financial activity reflected in the amount earned by us after taking into account all Driver and restaurant earnings, Driver incentives, and Driver referrals. Adjusted Net Revenue is lower than revenue in all reported periods. See appendix for reconciliation of non-GAAP measures. Note 2: "%YoY Constant Currency Growth" is calculated 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. 16% 19% $2,644 Q4 2018 14% 18% $2,761 Q1 2019 9#10Core Platform Adjusted Net Revenue ($ in Millions) Ridesharing Uber Eats Other Core Platform $1,309 Q1 2017 $1,622 Q2 2017 % YoY Growth % YoY Constant Currency Growth $1,961 Q3 2017 $2,244 Q4 2017 82% 78% $2,383 Q1 2018 54% 54% $2,503 Q2 2018 Note 1: We define Core Platform Adjusted Net Revenue as Core Platform revenue less (i) excess Driver incentives and (ii) Driver referrals. See appendix for reconciliation of non-GAAP measures. Note 2: "%YoY Constant Currency Growth" is calculated 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. 29% 33% ‒‒‒‒‒‒‒‒‒‒‒ $2,531 Q3 2018 12% 15% $2,507 Q4 2018 10% 14% $2,616 Q1 2019 10#11Core Platform Contribution Margin (% Core Platform Adjusted Net Revenue) (8%) Q1 2017 (0%) Q2 2017 (3%) Q3 2017 Note 1: Core Platform Contribution Margin is defined as Core Platform Contribution Profit (Loss) as a percentage of Core Platform Adjusted Net Revenue. See appendix for reconciliation of non-GAAP measures. 9% Q4 2017 18% Q1 2018 15% Q2 2018 9% Q3 2018 (3%) Q4 2018 (4%) Q1 2019 11#12Adjusted EBITDA ($ in Millions) ($657) Q1 2017 ($688) Q2 2017 ($736) Q3 2017 ($561) Q4 2017 ($280) Q1 2018 ($292) Q2 2018 ($458) Q3 2018 Note 1: 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 redeemable non-controlling interest, net of tax (iii) benefit from (provision for) income taxes, (iv) income (loss) from equity method investment, net of tax, (v) interest expense, (vi) other income (expense), net, (vii) depreciation and amortization, (viii) stock-based compensation expense, (ix) legal, tax, and regulatory reserves and settlements, (x) asset impairment/loss on sale of assets, (xi) acquisition and financing related expenses, and (xii) restructuring charges. See appendix for reconciliation of non-GAAP measures. ($817) Q4 2018 ($869) Q1 2019 12#13La Condensed Consolidated Financial Statements (Unaudited) L#14Condensed Consolidated Statements of Operations (Unaudited) ($ in Millions, except share and per share amounts) Uber Q1 2019 Earnings Revenue Costs and expenses Cost of revenue, exclusive of depreciation and amortization shown separately below Operations and support Sales and marketing Research and development General and administrative Depreciation and amortization Total costs and expenses Loss from operations Interest expense Other income (expense), net Income (loss) before income taxes and loss from equity method investment Provision for income taxes Loss from equity method investment, net of tax Net income (loss) including redeemable non-controlling interest Less: net loss attributable to redeemable non-controlling interest, net of tax Net income (loss) attributable to Uber Technologies, Inc. Net income (loss) per share attributable to Uber Technologies, Inc. common stockholders: Basic Diluted Basic and diluted net income (loss) per common share Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: Basic Diluted Three Months Ended March 31 2018 $2,584 1,156 372 677 340 429 88 3,062 (478) (132) 4,937 4,327 576 (3) 3,748 $3,748 $2.00 $1.84 437,065 475,153 2019 $3,099 1,681 434 1,040 409 423 146 4,133 (1,034) (217) 260 (991) 19 (6) (1,016) (4) ($1,012) ($2.23) ($2.26) 453,543 453,619 14#15Condensed Consolidated Balance Sheets (Unaudited) ($ in Millions, except share and per share amounts) Uber Q1 2019 Earnings Assets Cash and cash equivalents Restricted cash and cash equivalents Accounts receivable, net of allowance of $34 and $41, respectively Prepaid expenses and other current assets Assets held for sale Total current assets Restricted cash and cash equivalents Investments Equity method investments Property and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Other assets Total assets As of Dec 31 '18 $6,406 67 919 860 406 8,658 1,736 10,355 1,312 1,641 82 153 51 $23,988 As of Mar 31 '19 $5,745 136 1,074 975 7,930 1,801 10,396 1,320 1,325 1,323 78 153 64 $24,390 15#16Continued: Condensed Consolidated Balance Sheets (Unaudited) ($ in Millions, except share and per share amounts) Uber Q1 2019 Earnings Liabilities, mezzanine equity and stockholders' deficit Accounts payable Short-term insurance reserves Operating lease liabilities, current Accrued and other current liabilities Liabilities held for sale Total current liabilities Long-term insurance reserves Long-term debt, net of current portion Operating lease liabilities, non-current Other long-term liabilities Total liabilities Commitments and contingencies Mezzanine equity Redeemable non-controlling interest Redeemable convertible preferred stock, $0.00001 par value, 946,246 and 946,246 shares authorized, 903,607 and 904,530 shares issued and outstanding, respectively; aggregate liquidation preference of $14 and $14, respectively Stockholders' deficit Common stock, $0.00001 par value, 2,696,114 and 2,696,114 shares authorized, 457,189 and 457,833 shares issued and outstanding, respectively Additional paid-in capital Accumulated other comprehensive loss Accumulated deficit Total stockholders' deficit Total liabilities, mezzanine equity, and stockholders' deficit As of Dec 31 '18 $150 941 - 3,157 11 4,259 1,996 6,869 4,072 17,196 14,177 668 (188) (7,865) (7,385) $23,988 As of Mar 31 '19 $151 961 178 3,424 4,714 2,137 6,939 1,225 3,587 18,602 (4) 14,224 682 (246) (8,868) (8,432) $24,390 16#17Condensed Consolidated Statements of Cash Flows (Unaudited) ($ in Millions) Uber Q1 2019 Earnings Cash flows from operating activities Net income (loss) including redeemable non-controlling interest Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization Bad debt expense Stock-based compensation Gain on business divestitures Deferred income tax Revaluation of derivative liabilities Accretion of discount on long-term debt Payment-in-kind interest Loss on disposal of property and equipment Impairment on long-lived assets held for sale Loss from equity method investment Gain on debt and equity securities, net Non-cash deferred revenue Gain on extinguishment of warrant and call option Unrealized foreign currency transactions Other Changes in operating assets and liabilities: Accounts receivable Prepaid expenses and other assets Accounts payable Accrued insurance reserve Accrued expenses and other liabilities Net cash used in operating activities Three Months Ended March 31 2018 $3,748 88 12 61 (3,161) 486 367 38998 3 (1,984) (120) (12) 3 (4) (175) (66) 260 74 ($297) 2019 ($1,016) 146 47 11 4 (175) 53 6 10 6 (16) (13) (4) (1) (210) (75) 161 344 ($722) 17#18Continued: Condensed Consolidated Statements of Cash Flows (Unaudited) ($ in Millions) Uber Q1 2019 Earnings Cash flows from investing activities Proceeds from insurance reimbursement, sale and disposal of property and equipment Purchase of property and equipment Purchase of equity method investments Proceeds from business disposal, net of cash divested Net cash provided by (used in) investing activities Cash flows from financing activities Proceeds from exercise of stock options, net of repurchases Repurchase of outstanding shares Principal repayment on term loan Principal repayment on revolving lines of credit Principal payments on capital leases Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs Dissolution of joint venture and subsequent proceeds Other Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents Cash and cash equivalents, and restricted cash and cash equivalents Beginning of period Reclassification from (to) assets held for sale during the period End of period, excluding cash classified within assets held for sale Three Months Ended March 31 2018 $138 (90) (423) (375) 15 (7) (3) (77) (19) 1,250 19 (64) 1,114 2 444 5,828 (10) $6,262 2019 $40 (129) 293 204 2 (7) (41) (46) 3 (561) 8,209 34 $7,682 18#19Continued: Condensed Consolidated Statements of Cash Flows (Unaudited) ($ in Millions) Uber Q1 2019 Earnings Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the condensed consolidated balance sheets Cash and cash equivalents Restricted cash and cash equivalents-current Restricted cash and cash equivalents-non-current Total cash and cash equivalents, and restricted cash and cash equivalents Supplemental disclosures of cash flow information Cash paid for: Interest, net of amount capitalized Income taxes, net of refunds Non-cash investing and financing activities: Financed construction projects Settlement of litigation through issuance of redeemable convertible preferred stock Ownership interest in MLU B.V. received in connection with the disposition of Uber Russia/CIS operations Grab debt security received in exchange for the sale of Southeast Asia operations Three Months Ended March 31 2018 $4,716 117 1,429 $6,262 $16 53 36 250 1,410 2,275 2019 $5.745 136 1,801 $7,682 $42 34 19#20Reconciliation from GAAP to Non-GAAP Financial Measures#21Select Non-GAAP Expenses and Other Line Items (Unaudited) (in Millions) Adjusted Net Revenue Contra Revenue: Legal, tax and regulatory reserves and settlements Non-GAAP Costs and expenses Cost of revenue, exclusive of depreciation and amortization Operations and support Uber Sales and marketing Research and development General and administrative Total Non-GAAP costs and expenses Adjusted EBITDA Q1 2019 Earnings Mar 31 '17 $1,309 659 296 483 261 267 $1,966 ($657) Jun 30'17 $1,630 818 314 552 296 338 $2,318 ($688) Sep 30 '17 $1,982 1,070 361 641 301 345 $2,718 ($736) Three Months Ended Dec 31 '17 $2,282 1,083 346 640 314 460 $2,843 ($561) Mar 31 '18 $2,423 1,027 367 627 334 348 $2,703 ($280) Jun 30 '18 $2,574 36 1,111 351 683 360 397 $2,902 ($292) Sep 30 '18 $2,656 29 1,257 357 748 385 397 $3,144 ($458) Dec 31 '18 $2,644 32 1,323 404 933 361 472 $3,493 ($817) Mar 31 '19 $2,761 1,378 433 1004 406 409 $3,630 ($869) 21#22GAAP to Non-GAAP Reconciliation - Q1 '19 (Unaudited) ($in Millions) Revenue Costs and expenses Cost of revenue, exclusive of depreciation and amortization Operations and support Sales and marketing Research and development General and administrative Depreciation and amortization Total costs and expenses Loss from operations Uber Q1 2019 Earnings Mar 31 '19 GAAP $3,099 1,681 434 1,040 409 423 146 $4,133 ($1,034) Excess Driver Incentives ($303) (303) ($303) Driver Referrals ($35) (35) ($35) Three Months Ended Asset impairment/ loss on sale of assets (8) ($8) $8 Depreciation & Amortization (146) ($146) $146 Stock Based Compensation (1) (1) (3) (6) ($11) $11 Mar 31 '19 Non-GAAP $2,761 1,378 433 1,004 406 409 $3,630 ($869) 22#23GAAP to Non-GAAP Reconciliation - Q1 '18 (Unaudited) ($ in Millions) Revenue Costs and expenses Cost of revenue, exclusive of depreciation and amortization Operations and support Sales and marketing Research and development General and administrative Depreciation and amortization Total costs and expenses Loss from operations Uber Q1 2019 Earnings Mar 31 '18 GAAP $2,584 1,156 372 677 340 429 88 $3,062 ($478) Excess Driver Incentives ($129) (129) ($129) Driver Referrals ($32) (32) ($32) Three Months Ended Asset impairment/ loss on sale of assets (32) ($32) $32 Legal, tax, and regulatory reserves and settlements (15) ($15) $15 Depreciation & Amortization (88) ($88) $88 Stock Based Compensation (5) (3) (6) (49) ($63) $63 Mar 31 '19 Non-GAAP $2,423 1,027 367 627 334 348 $2,703 ($280) 23#24GAAP to Non-GAAP Reconciliations (Unaudited) ($ in Millions) Revenue Excess Driver incentives Driver referrals Adjusted Net Revenue GAAP Cost of Revenue Excess Driver incentives Legal, tax, and regulatory reserves and settlements Non-GAAP Cost of Revenue Non-GAAP Operating Expenses GAAP Operations and support Legal, tax, and regulatory reserves and settlements Asset impairment/loss on sale of assets Acquisition and financing related expenses Restructuring charges Stock-based compensation Non-GAAP Operations and support Uber Q1 2019 Earnings Mar 31 '17 $1,529 (161) (59) $1,309 820 (161) $659 301 (5) $296 Jun 30 '17 $1,813 (134) (49) $1,630 952 (134) $818 327 (13) $314 Sep 30 '17 $2,149 (114) (53) $1,982 1,184 (114) $1,070 364 (3) $361 Three Months Ended Dec 31 '17 $2,441 (121) (38) $2,282 1,204 (121) $1,083 362 (7) (9) $346 Mar 31 '18 $2,584 (129) (32) $2,423 1,156 (129) $1,027 372 (5) $367 Jun 30'18 $2,768 (163) (31) $2,574 1,342 (163) (68) $1,111 349 4 (2) $351 Sep 30'18 $2,944 (253) (35) $2,656 1,510 (253) $1,257 387 (26) (4) $357 Dec 31 '18 $2,974 (292) (38) $2,644 1,615 (292) $1,323 408 (4) $404 Mar 31 '19 $3,099 (303) (35) $2,761 1,681 (303) $1,378 434 (1) $433 24#25Continued: GAAP to Non-GAAP Reconciliations (Unaudited) ($ in Millions) GAAP Sales and marketing Driver referrals Legal, tax, and regulatory reserves and settlements Asset impairment/loss on sale of assets Acquisition and financing related expenses Restructuring charges Stock-based compensation Non-GAAP Sales and marketing GAAP Research and development Legal, tax, and regulatory reserves and settlements Asset impairment/loss on sale of assets Acquisition and financing related expenses Restructuring charges Stock-based compensation Non-GAAP Research and development GAAP General and administrative Legal, tax, and regulatory reserves and settlements Asset impairment/loss on sale of assets Acquisition and financing related expenses Restructuring charges Stock-based compensation Non-GAAP General and administrative Uber Q1 2019 Earnings Mar 31 '17 $549 (59) (7) $483 270 (4) (5) $261 286 2 (21) $267 Jun 30 '17 $601 (49) $552 304 (8) $296 410 (33) (5) (34) $338 Sep 30 '17 $695 (53) (1) $641 307 (6) $301 614 (120) (145) (4) $345 Three Months Ended Dec 31 '17 $679 (38) (1) $640 320 (6) $314 953 (287) (192) (14) $460 Mar 31 '18 $677 (32) (15) (3) $627 340 (6) $334 429 (32) (49) $348 Jun 30 '18 $715 (31) (1) $683 365 (5) $360 638 (148) (81) (12) $397 Sep 30'18 $785 (35) (2) $748 434 (49) $385 460 (54) (9) $397 Dec 31 '18 $974 (38) (3) $933 366 (5) $361 555 (70) (13) $472 Mar 31 '19 $1,040 (35) (1) $1,004 409 (3) $406 423 (8) (6) $409 25#26Adjusted Net Revenue Reconciliation (Unaudited) (in Millions) Adjusted Net Revenue reconciliation: Revenue Deduct: Excess Driver incentives Driver referrals Adjusted Net Revenue Adjusted Net Revenue Segment reconciliation: Core Platform Other Bets Adjusted Net Revenue Uber Q1 2019 Earnings Mar 31 '17 $1,529 (161) (59) $1,309 Mar 31 '17 $1,309 $1,309 Jun 30 '17 $1,813 (134) (49) $1,630 Jun 30 '17 $1,622 8 $1,630 Sep 30 '17 $2,149 (114) (53) $1,982 Sep 30 '17 $1,961 21 $1,982 Three Months Ended Dec 31 '17 $2,441 (121) (38) $2,282 Dec 31 '17 $2,244 Three Months Ended 38 Mar 31 '18 $2,282 $2,584 (129) (32) $2,423 Mar 31 '18 $2,383 40 $2,423 Jun 30 '18 $2,768 (163) (31) $2,574 Jun 30 '18 $2,503 71 $2,574 Sep 30 '18 $2,944 (253) (35) $2,656 Sep 30 '18 $2,531 125 $2,656 Dec 31 '18 $2,974 (292) (38) $2,644 Dec 31 '18 $2,507 137 $2,644 Mar 31 '19 $3,099 (303) (35) $2,761 Mar 31 '19 $2,616 145 $2,761 26#27Continued: Adjusted Net Revenue Reconciliation (Unaudited) ($in Millions) Core Platform Adjusted Net Revenue reconciliation: Core Platform revenue Deduct: Excess Driver incentives Driver referrals Core Platform Adjusted Net Revenue Ridesharing Adjusted Net Revenue reconciliation: Ridesharing revenue Deduct: Excess Driver incentives Driver referrals Ridesharing Adjusted Net Revenue Uber Q1 2019 Earnings Mar 31 '17 $1,529 (161) (59) $1,309 Mar 31 '17 $1,354 (114) (56) $1,184 Jun 30 '17 $1,805 (134) (49) $1,622 Jun 30 '17 $1,584 (92) (45) $1,447 Sep 30 '17 $2,128 (114) (53) $1,961 Sep 30 '17 $1,863 (62) (49) $1,752 Three Months Ended Dec 31 '17 $2,403 (121) (38) $2,244 Dec 31 '17 $2,087 Mar 31 '18 Three Months Ended (52) (35) $2,000 $2,544 (129) (32) $2,383 Mar 31 '18 $2,180 (32) (29) $2,119 Jun 30'18 $2,697 (163) (31) $2,503 Jun 30'18 $2,291 (39) (29) $2,223 Sep 30 '18 $2,819 (253) (35) $2,531 Sep 30'18 $2,371 (53) (32) $2,286 Dec 31 '18 $2,837 (292) (38) $2,507 Dec 31 '18 $2,340 (26) (32) $2,282 Mar 31 '19 $2,954 (303) (35) $2,616 Mar 31 '19 $2,376 (12) (29) $2,335 27#28Continued: Adjusted Net Revenue Reconciliation (Unaudited) ($in Millions) Uber Eats Adjusted Net Revenue reconciliation: Uber Eats revenue Deduct: Excess Driver incentives Driver referrals Uber Eats Adjusted Net Revenue Uber Q1 2019 Earnings Mar 31 '17 $83 (47) (3) $33 Jun 30 '17 $121 (42) (4) $75 Sep 30 '17 $163 (52) (4) $107 Three Months Ended Dec 31 '17 $220 (69) (3) $148 Mar 31 '18 $283 (97) (3) $183 Jun 30'18 $346 (124) (2) $220 Sep 30 '18 $394 (200) (3) $191 Dec 31 '18 $437 (266) (6) $165 Mar 31 '19 $536 (291) (6) $239 28#29Adjusted EBITDA Reconciliation (Unaudited) ($ in Millions) Adjusted EBITDA Reconciliation: Net income (loss) attributable to Uber Technologies, Inc. Add (deduct): Net income (loss) attributable to non-controlling interest, net of tax Benefit from (provision for) income taxes Gain (loss) from equity method investment, net of tax Interest expense Other income (expense), net Depreciation and amortization Stock-based compensation expense Legal, tax, and regulatory reserves and settlements Asset impairment/loss on sale of assets Acquisition and financing related expenses Restructuring charges Adjusted EBITDA Uber Q1 2019 Earnings Mar 31 '17 ($927) 36 109 (36) 121 38 (2) 4 ($657) Jun 30 '17 ($1,050) 37 115 (12) 129 55 33 5 ($688) Sep 30 '17 ($1,413) 40 123 95 140 14 120 145 ($736) Three Months Ended Dec 31 '17 ($643) (655) 132 (31) 120 30 287 192 7 ($561) Mar 31 '18 $3,748 576 3 132 (4,937) 88888 63 I 32 15 ($280) Jun 30 '18 ($878) 28 14 160 (63) 98 20 252 81 ($292) Sep 30'18 ($986) (8) 1 15 161 54 131 64 56 54 ($458) Dec 31 '18 ($887) (2) (322) 10 195 (47) 109 25 32 70 ($817) Mar 31 '19 ($1,012) (4) 19 6 217 (260) 146 11 8 ($869) 29#30Segment Contribution Reconciliation (Unaudited) ($ in Millions) Segment contribution profit (loss): Core Platform Contribution Profit (Loss) Other Bets contribution loss Total segment contribution profit (loss) Uber Q1 2019 Earnings Mar 31 '17 ($108) (4) ($112) Jun 30 '17 ($7) (8) ($15) Sep 30 '17 ($50) (11) ($61) Three Months Ended Dec 31 '17 $198 (17) $181 Mar 31 '18 $427 (20) $407 Jun 30 '18 $369 (28) $341 Sep 30 '18 $227 (43) $184 Dec 31 '18 ($83) (61) ($144) Mar 31 '19 ($117) (71) ($188) 30#31Continued: Segment Contribution Reconciliation (Unaudited) ($ in Millions) Segment contribution profit (loss) reconciliation: Total segment contribution profit (loss) Add (deduct): Research and development expenses related to ATG and Other Technology Programs(¹) Unallocated research and development and general and administrative expenses (¹) Depreciation and amortization Stock-based compensation expense Legal, tax, and regulatory reserves and settlements Asset impairment/loss on sale of assets Acquisition and financing related expenses Restructuring charges Impact of 2018 Divested Operations (¹) Loss from operations (1) Excluding stock-based compensation expense. Uber Q1 2019 Earnings Mar 31 '17 ($112) (83) (364) (121) (38) 2 (4) (98) ($818) Jun 30 '17 ($15) (101) (442) (129) (55) (33) (5) (130) ($910) Sep 30 '17 ($61) (91) (444) (140) (14) (120) (145) (140) ($1,155) Three Months Ended Dec 31 '17 $181 (102) (527) (120) (30) (287) (192) I (7) (113) ($1,197) Mar 31 '18 $407 (117) (468) (88) (63) (32) (15) (102) ($478) Jun 30 '18 $341 (129) (488) (98) (20) (252) (81) 4 (16) ($739) Sep 30'18 $184 (116) (517) (131) (64) (56) (54) (9) ($763) Dec 31 '18 ($144) (89) (584) (109) (25) (32) (70) ($1,053) Mar 31 '19 ($188) (97) (584) (146) (11) (8) ($1,034) 31#32Thank you Uber

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