#12020 Investor Presentation August 6, 2020 Uber#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; Mobility Adjusted Net evenue; Delivery Adjust Net Revenue; Adjusted EBITDA, Adjusted EBITDA as percentage of Adjusted Net Revenue, and Adjusted Costs and expenses, as well as Adjusted Net Revenue and Mobility Adjusted EBITDA as a percentage of Mobility Adjusted Net Revenue. 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 section titled "Non-GAAP Reconciliations" included at the end of this deck. In regards to forward looking guidance provided on our Q2 2020 earnings call, we are not able to reconcile the forward-l ing non-GAAP justed 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, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts. 2#3Forward Looking Statements This presentation may contain forward-looking statements regarding our future business expectations, which 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 achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: developments in the COVID-19 pandemic and the impact on our business and operations, 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 and proceedings, particularly with respect to our relationships with drivers and delivery persons. 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 Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Form 10-Qs and Form 8-Ks filed with the Securities and Exchange Commission. 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 such date. We undertake no duty to update this information unless required by law. 3#4Contents 01 Uber today What we do & where we're going 02 Mobility Undisputed global leader 03 Delivery Global scale and local leadership 04 Other businesses Bets in transformational industries 05 Path to profitability#5Uber today#6ABUBBA GUMPA SHRIMP CO. MP CO. ORIGINAL ESS PROPHETS ING THE LION DD KING Coca-Cola ONE MARGARITA RELEASED OLD NAVY GAP OLD NAVY D At ING TIMATI The world has changed with COVID-19. طم imary TIMES SQUARE MARKET BLE MIXED 10-person race 66 W a TUESD BLA CRAFT BEE#7Our goal is to help: Move people and deliver things safely Get people to work & grow local economies Uber Eats Partner with cities to build back better#8Uber's rapid response to the crisis is focused across three areas Supporting public health and safety Working with public health authorities (e.g. WHO, CDC) and partners like Clorox, Dettol and Unilever Distribute disinfectant sprays and face masks Al driven Driver mask check via the app In-app health & safety messaging Supporting frontline healthcare workers & vulnerable communities 10m free rides, meals and deliveries for frontline workers & vulnerable people in need Uber Medics arranges transportation for frontline healthcare workers Supporting earners & communities Financial assistance to drivers and delivery people Uber Freight has shipped over 21,000+ relief loads In-app hub with financial relief resources for drivers and delivery people#9A global tech platform at massive scale Serving multiple multi-trillion dollar markets with products leveraging our core technology and infrastructure 69 ~10,000 Countries 1. Based on our internal definition of cities Cities¹ Mobility Delivery Freight Transit TÖR Careem Uber for Business Careem NOW Grocery ATG Cornershop Uber Elevate#10Unparalleled growth at scale with significant, loyal monthly active users across multiple products & segments Gross Bookings Q2 of 2020 $10B Gross Bookings -35% YoY Decline $19B '16 50% CAGR $34B $50B '17 '18 $65B '19 $26B H1'20 1. Gross Booking YoY growth rates shown in constant currency 2. Monthly Active Platform Consumers 3. Metrics exclude the impact of Eats India and other market exits 2019 $65B Gross Bookings +$15B/35% YoY Growth 7B Trips +1.7B/32% YoY Growth 111M MAPCS² +20M / 22% YoY Growth 740M +101% YOY Growth Trips Trips -56% YoY Decline 55M Q2 of 2020 Delivery³ $7B Gross Bookings +122% YoY Growth MAPCs² -44% YoY Decline +71% YOY Growth MAPCs²#11Gross Bookings saw a sharp reduction driven by COVID-19, but recovered steadily through Q2 Weekly Mobility + Delivery run-rate GB Jan/Feb: >20% YoY 1/6 1/13 1/20 1/27 2/3 Run-rate GB ~$72B 2/10 2/17 2/24 3/2 3/9 3/16 Run-rate GB ~$29B >-50% YOY 3/23 3/30 Weekly Gross Bookings trend for Mobility (ex-Careem) and Delivery segments at constant currency 4/6 4/13 4/20 Ongoing week on week improvement 4/27 5/4 5/11 5/18 5/25 6/1 Run-rate GB >$50B < -20% YOY 6/8 6/15 6/22 6/29#12Leveraging our unique assets to launch, scale, and optimize our businesses Leading technology Differentiated, proprietary demand prediction, dispatching, matching, payments, pricing, routing, and safety technologies are utilized across all segments Brand recognition Named a top 100 brand; leverage brand and reach to launch and scale new businesses Product expertise Set the standard for powering on- demand movement, and provide users with a safe, intuitive, and continuously improving experience Operational excellence Regional on-the-ground operations enable better support for platform users, enhance relationships with cities and regulators, and accelerate new product launches Massive network Massive, efficient, and intelligent; our network becomes smarter with every trip, utilizing data to power movement at the touch of a button Scale efficiency Our global scale provides significant operational cost and efficiency advantages#13The one-stop shop & operating system for modern city life 7:28 Daly City Google San Francisco International Airport Pacifica South an SCO > 3 MIN UberX 24 8:15am dropoff Comfort 8:12am Transit 8:135m Millbrae → Price protection & promo applied Burlingame Hillsborough Personal Uber Cash - $104.33 Home > Choose UberX ill? Mobility Foster → $23.97 $28.88 ✔ $34.80 $42.83 $6.50 9:16 Uber Eats Deliver now 1600 Michigan Street Under 20 Minutes Mielmpy Tex-Mex $. New Mexican Latin American 10-20 Min 4.7 (200+) $2.49 Delivery Fee Delivered for $2.99 Nearby restaurants delivered for less A Ride Rent a 49 Order food Delivery Li 9:16 100 Rewards points Good morning, Charlotte Rides Transit Eats Get delivery or pickup Market Pharmacy More .... T Platform#14Mobility Undisputed global leader 76% Of 2019 Gross Bookings 30% Of Q2 of 2020 Gross Bookings#15#1 in every major region in which we operate Region US & CA LatAM Europe ANZ MEA India Region Russia / CIS Southeast Asia China Category position¹ > 65% > 65% > 65% > 65% > 65% > 50% Ownership stake ~37% of Yandex Taxi ~18% of Grab ~15% of Didi Owned operations² Minority owned affiliates 1.Category position refers to share of the ridesharing category, not including the wider market of local transport options (taxi, public transit etc.). Percentages are based on our internal estimates of Gross Bookings using available information as of Jan 31, 2020 2. Includes countries acquired as part of Careem acquisition where regulatory approval has been obtained#16Mobility: Pre-COVID-19#17Mobility Growth: pre-COVID-19 growth exceeded 20% excluding shared rides Mobility Gross Bookings year-over-year growth excluding shared rides (e.g. Pool) at constant currency 27% Q1 19 30% Q2 19 28% Q3 19 25% Q4 19 Pre-COVID-19 Jan/Feb 2020 22% -1% Q1 20 -72% Q2 20 Excluding shared rides (e.g. Pool), the US - our largest and most mature market - grew at or above the overall Mobility business pre-COVID.#18Mobility Profitability: pre-COVID-19 Adjusted EBITDA margin tracking to 45% target Mobility Adjusted EBITDA Margin (% ANR) and Gross Bookings year-over-year change 20% 21.6% Q2 19 20% 22.0% Q3 19 18% 24.4% Q4 19 -5% Pre-COVID-19 Jan/Feb 2020 30.0% 23.5% Q1 20 Mobility GB YOY -75% 6.3% Q2 20 Significant US Mobility Adjusted EBITDA margin opportunity as the US was below overall Mobility margin in Q1 of 2020#19Mobility: Recovering from the COVID-19 crisis#20Mobility Growth: countries returning to pre-COVID-19 use case levels Aggregate Hong Kong, New Zealand, and Sweden use cases indexed versus pre-COVID-19 levels¹ 109% Workday + Commute 109% Social 1. Gross bookings mid-June to mid-July 2020 versus pre-COVID January 2020 levels 24% Airport Airport gross bookings in France have recovered to ~40% of pre-COVID-19 levels while the overall business has recovered to ~70%#21Uber continues to lead in product innovation, despite COVID Uber for Business Eats for Business grew 190% QOQ in part due to 8 new market launches Uber for Business Mobility Gross Bookings recovered better than overall Mobility in Q2 despite larger exposure to lagging US market Uber Health grew strongly YoY in Q2 of 2020 with increased penetration of market opportunities Hailables Multi-billion dollar opportunity seeing accelerated traction, e.g. Taxi drivers interacting with our app 25% more during COVID-19 Auto, Moto, and Taxi products have recovered up to 80% faster than cars in key markets like Japan, India, and parts of the Middle East Transit Announced in July 2020 the acquisition of Routematch, an industry-leading software provider serving more than 500 global transit agencies Increased municipality engagement and serving emerging needs to complement their public transport networks Dozens of new transit agency contracts closed and expected to close in 2020#22Mobility Profitability: highly variable cost structure produces profits despite COVID-19 impact Mobility Gross Bookings $12,188 Q2 19 $3,046 Q2 20 Mobility Adjusted EBITDA $506 Q2 19 $50 Q2 20 Mobility produced $50M of Adjusted EBITDA despite a 73% YoY decline in Gross Bookings, in Q2 of 2020 Following May 2020's reductions in force, Mobility's fixed cost base is down roughly 20% from Q4 of 2019 levels, with over 80% of Mobility's costs and expenses now variable (below ANR)#23Mobility segment is already profitable, with room for margin expansion Take Rate ANR %GB 20.8% Q1 19 8.1% 19.2% Q1 19 Q2 19 21.6% 22.8% Segment Adjusted EBITDA %ANR Q2 19 Q1 20 Pre-COVID-19 Jan/Feb 2020 30.0% 23.5% 26.0% Q1 20 Q2 20 6.3% Q2 20 25.0% Long-Term target 45.0% Long-Term target Take Rate Improvement Pre-COVID-19 trajectory demonstrates path to long- term target, driven by premium category growth and improving market conditions Operating Efficiency Significant expense reductions following 2020 reductions in force while cost efficiency programs across the P&L continue Marketing Spend Rationalization Rationalizing incentives and improving marketing ROI#24Delivery 22% Of 2019 Gross Bookings Global scale and local leadership 70% Of Q2 of 2020 Gross Bookings#25Eats is following the Rides playbook TAM: $2.8T All countries Retail restaurants Home Delivery, Takeaway, Drive Thru, Eat-in Investing in a massive market opportunity 40 30 20 10 0 Run-rate Gross Bookings* ($B) M1 M14 M28 Rides Eats $10B Nov'18 Eats $30B May'20 Eats M42 Rides $30B Mar'17 Rides $10B Sep'15 M56 Leveraging existing infrastructure brand, operations, and technology to expand rapidly 30 - 20 10 Run-rate Gross Bookings^ ($B) 0 2016 2017 Uber Eats -- Just Eat Takeaway 2018 2019 2020 Grubhub Delivery Hero -- And building the largest food delivery company in the world, excluding China *Annualized Gross Bookings run-rate based on monthly gross bookings ^Annualized Gross Bookings run-rate based on quarterly gross bookings; 2020 Gross Bookings annualized from reported Gross Bookings/Gross Food Sales/Gross Merchandise Value for Uber Eats, Grubhub and Delivery Hero respectively, and for Just Eat Takeaway based on consensus estimates updated post company announcement on June 10, 2020#26Category leader in countries delivering more than two-thirds of international Gross Bookings including Australia, Canada, France, Mexico and many others Category leader in large cities around the world including¹ Auckland, Cape Town, Johannesburg & Pretoria, Lisbon, London, Lyon, Melbourne, Mexico City, Miami, Montreal, Paris, Quito, San Jose (Costa Rica), San Juan (Puerto Rico), Santiago, Sydney, Taipei, Tokyo, Toronto Category leader in all of our top 10 international cities that deliver half of our international Gross Bookings 1. Not an exhaustive list 2. Includes countries acquired as part of Careem acquisition where regulatory approval has been obtained Large, global scale with local leadership Owned operations² Category leading position in city#27Uber Eats grew with increasing efficiency through 2016-2019 More restaurants More demand Lower delivery fees Higher trips per hour Lower cost per drop off#28Global scale, logistics expertise and best selection improve efficiencies BYOC with 3P delivery fallback restaurant selection Preferred choice for National chains and local SMBs Best Greater fixed cost leverage Cross-platform loyalty programs More restaurant density Better unit economics (more efficiency, fewer defects) Lower prices & fees More use cases (grocery, convenience etc.) More demand Better product experience More data → Better personalization → Higher conversion Lower cost per drop off Higher batch rates Higher trips per hour Better speed & reliability Large, global scale 3P Logistics Expertise National coverage, with local leadership#293P delivery model outgrowing aggregation around the world Australia Mexico France us Brazil Spain Belgium UK Italy Japan Poland Netherlands Switzerland 0% 25% Aggregators (2P) 2018 50% 3P Delivery 75% 100% Australia Mexico France us Brazil Spain Belgium UK Italy Japan Poland Netherlands Switzerland 0% 25% Aggregators (2P) 2020 Q1 50% 3P Delivery gain 75% 2018 3P Delivery 100%#30BYOC# complements our 3P Delivery offering in significant aggregator markets 1% Q2'19 BYOC (% of total trips) Fallback (% of BYOC trips) 6% Q1'20 12% Q2'20 #BYOC stands for Bring Your Own Courier, which is Uber's hybrid aggregation offering *Consolidated trips in the UK, Ireland, Netherlands, Poland, Spain, Italy, Portugal, Belgium, Switzerland ^Fallback refers to BYOC restaurants utilizing Uber's courier network when the restaurant's own delivery personnel may not be available or able to deliver the order themselves BYOC grew to 12% Of trips in Q2'20 in key European markets* Importantly, 30% Of BYOC restaurant trips fallback to Uber's courier network^#31Country case studies#32France A 4 year path to sustainable leadership in a key market Growth (Q2 2020) Q1'17 ~100% YOY Quarterly topline and category position Gross Bookings Gross Bookings Category Position Q2'17 Q3'17 Q4'17 Q1'18 Category position >50% Q2'18 Q3'18 Q4'18 Current Profitability¹ 1. Profitability on a Delivery Adjusted EBITDA basis Profitable Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 France is the largest greenfield in EMEA, with $6.5B of fast growing, untapped potential. Uber Eats launched in March 2016 (4+ incumbent competitors), became category leader by late 2017, and is currently profitable in France. We are now focused on sustainably growing the market and expanding with grocery and convenience use cases.#33Japan Establishing a leadership position in a large market with limited Mobility presence Growth (Q2 2020) ~400% YOY Gross Bookings Gross Bookings Category Position Tokyo launch Quarterly topline and category position Q1'17 Q2'17 Expansion to other top cities Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 1. Profitability on a Delivery Adjusted EBITDA basis Current Profitability¹ Unprofitable Q4'18 Densification across cities Q1'19 Q2'19 Acceleration Q3'19 Q4'19 Q1'20 Q2'20 Uber Eats launched in Tokyo in late 2016 and expanded to over 100 Japanese cities since then. Food delivery in Japan was led by an incumbent aggregator since 1999, but restaurants were largely unengaged with online food delivery and consumer engagement was limited to special occasions. We pioneered the 3P delivery model in Japan and have significantly expanded the category. We continue to make investments in this large and growing market.#34Belgium Local leadership driving country profitability Growth (Q2 2020) ~100% YOY Gross Bookings Gross Bookings Category Position Brussels launch Quarterly topline and category position Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 1. Profitability on a Delivery Adjusted EBITDA basis Current Profitability¹ Q4'18 Profitable Brussels category position comparable to incumbent Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Belgium has historically been an incumbent aggregator led market, with 3P delivery introduced in 2013. Uber Eats launched in Brussels in late 2016, and by 2019 matched the incumbent aggregator's category position in the city. While we are not the leader in Belgium, our strong position in Brussels has allowed us to become profitable in the country.#35us Improving category position in key US markets Strong category position in top 10 markets that represent ~50% of all US online food delivery billings Rest of the US 50% New York City 8% Los Angeles 7% Next 7 markets 21% San Francisco 6% Chicago 4% Miami 4% Higher engagement and restaurant earnings driving category position gains Q2 2020 98M (+85% YOY 59M (+32% YoY) Trips Uber Eats Us 3.9 (+39% YoY) 2.1 (0% YoY) Quarterly Trips/ Active Eater^ Public Competitor ^Active Eater includes customers that placed at least one Uber Eats order in the last 12 months (consistent with public competitor's Active Diner definition) #Based on Gross Bookings for Uber Eats, but Gross Food Sales for Public Competitor (which includes gratuities) *Next 7 markets include New Jersey, Washington DC, Dallas, NYC Suburbs, Houston, Atlanta and Philadelphia $16K+ (+39% YoY) $10K+ (-11% YoY) Quarterly GB*/ Partner Restaurant#36us Strong momentum in NYC Uber Eats outgrowing competition in NYC Delivery Gross Bookings (YoY%) 73% Apr 20 135% May 20 152% Jun 20 category bookings mix Online food delivery Outer Boroughs' market bookings have outgrown Manhattan since 2017 Uber Eats is now the category leader in the Outer Boroughs 100% 75% 50% 25% 0% 1/1/2017 7/1/2017 Manhattan 1/1/2018 7/1/2018 1/1/2019 Outer Boroughs Roadmap to improving category position in Manhattan bolstered by BYOC and Corporate (Eats for Business) investments 7/1/2019 1/1/2020 7/1/2020#37On the road to deliver long-term margin targets Long-term targets 15% 30% Take Rate ANR %GB Segment Adjusted EBITDA % ANR Take Rate Improvement Cost efficiencies from operational scale benefits and product enhancements; exploring high margin monetization opportunities (e.g. ads) Operational Efficiency Leveraging benefits of scale and technology improvements to reduce operational and marketing costs Marketing Spend Rationalization Normalization of promo and other marketing related activity across key markets#38Freight/ATG 1% Bets in transformational industries Of 2019 Gross Bookings 2% Of Q2 of 2020 Gross Bookings#39Disciplined investment in Freight Responsible expansion, heavy focus on unit economics Freight Investing in a massive market opportunity to build the most reliable logistics on-demand network Leveraging Uber's Brand, tech & product infrastructure, and global footprint to launch and scale $1.3T TAM across the US and Europe $844M Q2'20 Freight ANR run-rate#40ATG: Strategic investment in autonomy World class team & partners Industry experts in artificial intelligence & robotics Highly specialized & experienced with multi-domain backgrounds 1300+ person team U Advanced technology Sophisticated & proprietary hardware, software, and industry leading R&D AV mapping & operational domain (OD) characterization in multiple cities for autonomy simulation & testing No Vehicle Operator (NVO) test operation on private test track Clear path to monetization Direct exposure to a massive and growing TAM Unique integration to the Uber network with multiple opportunities for monetization on & off the network#41ATG: Strategic partnerships for scale Separate entity with external funding $1B raised from Toyota, Denso, & Softbank in 2019 with ability to raise future capital Key strategic partners Deep integration with Toyota, Volvo, and Denso for de-risked path to commercialization Toyota team co-located in Pittsburgh, accelerating development and deployment of automated ridesharing services through deep collaboration Leveraging OEM and Tier1 mass production capability & safety systems TOYOTA DENSO | VOLVO Uber Toyota vehicle is illustrative representation RIDE SHARING 37 Uber RIDE SHARING 37#42ATG is uniquely well suited for the hybrid period Driver partners remain the majority of supply until SDVs can offer competitive safety, price, availability, and reliability. ATG has the unique ability to introduce SDVS intelligently and gradually while maintaining liquidity. Drivers Hybrid Intelligently Gradually Automated#43Path to profitability#44Path to achieving profitability in 2021 Adjusted EBITDA, % ANR Q1 19 (31%) + + - Q2 19 (23%) Q3 19 (17%) Q4 19 (16%) Consistent QoQ margin improvement Q1 20 (19%) Q2 20 COVID-19 impact on Mobility (44%) Announced $1B+ in cost cuts Achieve quarterly profitability 2021 Growth in Mobility profits and Delivery margin improvements 25% Long-term target Consistent QoQ margin improvement pre-COVID-19 Cost structure improvements and unit economics efficiency programs Mobility COVID-19 impacts and Delivery's competition remains elevated globally Driving improvement across the P&L through 2021 Exercise incentive and fixed cost discipline, leverage economies of scale Invest in high margin and sustainable low cost products Acquire and deepen engagement with highest value platform consumers Invest in product and technology innovation to continuously improve user experience and operational efficiency#45Expect sufficient liquidity to reach profitability in 2021 Liquidity Position $7.8B $1.0B $6.8B 1.. Amounts as of Q2 2020 ST Investments Unrestricted Cash Equity Stakes $9.8B $0.4B $1.0B $2.1B $6.3B Other Yandex Grab DiDi#46Non-GAAP reconciliations#47Select Non-GAAP Expenses and Other Line Items (Unaudited) $ in Millions Adjusted Net Revenue Contra Revenue: One time items Non-GAAP Costs and Expenses Cost of revenue, exclusive of depreciation and amortization Operations and support Sales and marketing Research and development General and administrative Total Non-GAAP Costs and Expenses Adjusted EBITDA Uber Q2 2020 Earnings Jun 30 '19 $2,873 262 1,476 450 974 454 437 $3,791 ($656) Sep 30'19 $3,533 1,601 470 1,063 466 518 $4,118 ($585) Three Months Ended Dec 31 '19 $3,730 1,605 481 1,217 468 574 $4,345 ($615) Mar 31'20 $3,256 5 1,486 473 860 478 576 $3,873 ($612) Jun 30 '20 $1,918 33 888 361 690 421 428 $2,788 ($837) Note: One time items include Legal, tax, and regulatory reserve changes and settlements, the Driver Appreciation award associated with our IPO and spend related to our Eats India transaction and related costs#48GAAP to Non-GAAP Reconciliation: Q2 20 (Unaudited) $ in Millions Revenue to Adjusted Net Revenue Contra Revenue: Legal, tax and regulatory reserve changes and settlements 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 Q2 2020 Earnings Jun 30'20 GAAP $2,241 $1,252 $582 $736 $584 $565 $129 $3,848 ($1,607) Excess Driver Incentives ($328) (328) ($328) Driver Referrals ($1) I (1) ($1) COVID-19 Response Initiatives $6 (22) (7) (13) ($42) $48 Legal, Tax and Regulatory Reserves Changes and Settlements 33 (5) ($5) $38 Three Months Ended Goodwill and Asset Impairment/ Loss on Sale of Assets (10) (6) ($16) $16 Loss on lease terminations I (7) ($7) $7 JUMP transaction and related costs (4) (10) (5) ($19) $19 Restructuring and related Depreciation Stock-Based charges & Amortization Compensation (187) (22) (86) (87) ($382) $382 I (129) ($129) $129 (11) (10) (72) (38) ($131) $131 Jun 30 '20 Non-GAAP $1,918 $33 $888 $361 $690 $421 $428 $2,788 ($837)#49GAAP to Non-GAAP Reconciliation: Q2 19 (Unaudited) $ in Millions Revenue to Adjusted Net Revenue Contra Revenue: Legal, tax and regulatory reserve changes and settlements and the Driver appreciation award 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 Q2 2020 Earnings Jun 30 '19 GAAP $3,166 $1,740 $864 $1,222 $3,064 $1,638 $123 $8,651 ($5,485) Excess Driver Incentives ($263) (263) ($263) Driver Referrals ($30) (30) ($30) Payroll tax on IPO stock-based compensation (10) (6) (53) (17) ($86) $86 Three Months Ended Driver appreciatio n payment 298 (1) ----- ($1) $299 Legal, tax, and regulatory reserves and settlements (36) (416) ($416) $380 Depreciation Stock-Based & Amortization Compensation (123) ($123) $123 (404) (212) (2,557) (768) ($3,941) $3,941 Jun 30 '19 Non-GAAP $2,873 $262 $1,476 $450 $974 $454 $437 $3,791 ($656)#50GAAP to Non-GAAP Reconciliations (Unaudited) Sep 30'19 $3,813 (259) (21) Revenue Excess Driver incentives Driver referrals COVID-19 response initiatives Adjusted Net Revenue GAAP Cost of Revenue Excess Driver incentives Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives JUMP transaction and related costs. Driver appreciation award Non-GAAP Cost of Revenue Non-GAAP Operating Expenses GAAP Operations and support Payroll tax on IPO stock-based compensation Restructuring and related charges Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives JUMP transaction and related costs Uber Eats India transaction and related costs Stock-based compensation Non-GAAP Operations and support Uber Q2 2020 Earnings Jun 30 '19 $3,166 (263) (30) $2,873 1,740 (263) (1) $1,476 864 (10) (404) $450 $3,533 1,860 (259) $1,601 498 (2) (26) $470 Three Months Ended Dec 31 '19 $4,069 (322) (17) $3,730 1,927 (322) $1,605 506 (2) (23) $481 Mar 31 '20 $3,543 (295) (11) 19 $3,256 1,786 (295) (5) $1,486 503 (5) (25) $473 Jun 30'20 $2,241 (328) (1) 6 $1,918 1,252 (328) (10) (22) (4) $888 582 (187) (6) (7) (10) (11) $361#51Continued: GAAP to Non-GAAP Reconciliations (Unaudited) GAAP Sales and marketing Driver referrals Payroll tax on IPO stock-based compensation Restructuring and related charges COVID-19 response initiatives Stock-based compensation Non-GAAP Sales and marketing GAAP Research and development Payroll tax on IPO stock-based compensation Restructuring and related charges JUMP transaction and related costs Stock-based compensation Non-GAAP Research and development GAAP General and administrative Payroll tax on IPO stock-based compensation Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairment/loss on sale of assets Restructuring and related charges Loss on lease terminations COVID-19 response initiatives Stock-based compensation Non-GAAP General and administrative Uber Q2 2020 Earnings Jun 30 '19 $1,222 (30) (6) (212) $974 3,064 (53) (2,557) $454 1,638 (17) (416) (768) $437 Sep 30 '19 $1,113 (21) (13) (16) $1,063 755 (27) (262) $466 591 27 (3) (97) $518 Three Months Ended Dec 31 '19 $1,251 (17) (4) (13) $1,217 608 (4) (136) $468 647 (2) (71) $574 Mar 31 '20 $885 (11) (14) $860 645 (167) $478 859 (19) (193) (71) $576 Jun 30'20 $736 (1) (22) (13) (10) $690 584 (86) (5) (72) $421 565 (5) (87) (7) (38) $428 $ in Millions#52Adjusted Net Revenue Reconciliation (Unaudited) $ in Millions Adjusted Net Revenue reconciliation: Revenue Deduct: Excess Driver incentives Driver referrals Add: COVID-19 response initiatives Adjusted Net Revenue Adjusted Net Revenue by Segment Mobility Delivery Freight Other bets ATG and Other Technology Programs Adjusted Net Revenue Uber Q2 2020 Earnings Jun 30'19 $3,166 (263) (30) $2,873 Jun 30 '19 $2,341 337 167 28 $2,873 Sep 30 '19 $3,813 (259) (21) $3,533 Sep 30 '19 $2,868 392 218 38 17 $3,533 Three Months Ended Dec 31 '19 $4,069 (322) (17) $3,730 Three Months Ended Dec 31 '19 $3,036 415 219 35 25 $3,730 Mar 31'20 $3,543 (295) (11) 19 $3,256 Mar 31'20 $2,475 527 199 30 25 $3,256 Jun 30'20 $2,241 (328) (1) 6 $1,918 Jun 30 '20 $793 885 211 4 25 $1,918#53Segment Adjusted Net Revenue Reconciliation (Unaudited) $ in Millions Mobility Adjusted Net Revenue reconciliation: Mobility revenue Deduct: Excess Driver incentives Driver referrals Add: COVID-19 response initiatives Mobility Adjusted Net Revenue Delivery Adjusted Net Revenue reconciliation: Delivery revenue Deduct: Excess Driver incentives Driver referrals Add: COVID-19 response initiatives Delivery Adjusted Net Revenue Uber Q2 2020 Earnings Jun 30 '19 $2,376 (10) (25) $2,341 Jun 30 '19 $595 (253) (5) $337 Sep 30'19 $2,895 (12) (15) $2,868 Sep 30 '19 $645 (247) (6) $392 Three Months Ended Dec 31 '19 $3,056 $2,470 HI (7) (3) (9) (13) $3,036 Three Months Ended Dec 31 '19 $734 (315) (4) Mar 31 '20 $415 17 $2,475 Mar 31 '20 $819 (292) (2) 2 Jun 30'20 $527 $790 (2) (1) 6 $793 Jun 30'20 $1,211 (326) $885 Note: Freight Adjusted Net Revenue, Other Bets Adjusted Net Revenue and ATG and Other Technology Program Adjusted Net Revenue do not include excess Driver incentives or Driver referrals and are equal to GAAP revenue in all periods.#54Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Mobility Delivery Freight Other Bets ATG and Other Technology Programs Corporate G&A and Platform R&D Adjusted EBITDA Add (deduct): Legal, tax, and regulatory reserve changes and settlements Driver appreciation award Payroll tax on IPO stock-based compensation Goodwill and asset impairment/loss on sale of assets Restructuring and related charges Uber Eats India transaction and related costs JUMP transaction and related costs Loss on lease terminations COVID-19 response initiatives Depreciation and amortization Stock-based compensation expense Other income (expense), net Interest expense Loss from equity method investments Provision for (benefit from) income taxes Net income (loss) attributable to non-controlling interest, net of tax Net income (loss) attributable to Uber Technologies, Inc. Uber Q2 2020 Earnings Jun 30 '19 $506 (286) (52) (70) (132) (622) ($656) (380) (299) (86) (123) (3,941) 398 (151) (10) 2 10 ($5,236) Sep 30 '19 $631 (316) (81) (72) (124) (623) ($585) 27 (45) (102) (401) 49 (90) (9) (3) (3) ($1,162) Three Months Ended Dec 31 '19 $742 (461) (55) (67) (130) (644) ($615) (12) (101) (243) 15 (101) (9) (25) (5) ($1,096) Mar 31 '20 $581 (313) (64) (63) (108) (645) ($612) (19) (193) (10) (24) (128) (277) (1,795) (118) (12) 242 10 ($2,936) Jun 30'20 $50 (232) (49) (23) (91) (492) ($837) (38) (16) (382) (19) (7) (48) (129) (131) (44) (110) (7) (4) (3) ($1,775) Note: In the second quarter of 2020, Other Bets, which primarily consisted of the Company's JUMP business whose divestiture was announced in May, is no longer a reportable segment and is being presented for comparative purposes only.#55Net Income (loss) and Adjusted EBITDA as a % of Revenue $ in Millions Revenue Net income (loss) attributable to Uber Technologies, Inc. Net income (loss) as a percentage of Revenue Mobility Revenue Mobility Adjusted EBITDA Mobility Adjusted EBITDA as a % of Revenue Delivery Revenue Delivery Adjusted EBITDA Delivery Adjusted EBITDA as a % of Revenue Uber Q2 2020 Earnings Jun 30 '19 $3,166 (5,236) (165.4%) $2,376 506 21.3% $595 (286) (48.1%) Sep 30 '19 $3,813 (1,162) (30.5%) $2,895 631 21.8% $645 (316) (49.0%) Three Months Ended Dec 31 '19 $4,069 (1,096) (26.9%) $3,056 742 24.3% $734 (461) (62.8%) Mar 31 '20 $3,543 (2,936) (82.9%) $2,470 581 23.5% $819 (313) (38.2%) Jun 30'20 $2,241 (1,775) (79.2%) $790 50 6.3% $1,211 (232) (19.2%)#56YoY% Growth at Constant Currency and Ex-Driver appreciation award YOY Growth at constant currency and ex-Driver appreciation award Revenue Excess Driver incentives Driver referrals Adjusted Net Revenue Add back: Uber Driver appreciation award Add: Constant currency impact YOY Growth at constant currency and ex-Driver appreciation award Q2 2020 Earnings Q2 2019 14% (2%) -% 12% 11% 23% 3% 26% Note: The above table presents the reconciliation of YoY% Growth at constant currency and ex-Driver appreciation award to the most directly comparable GAAP financial measures. Q2 2020 (29%) (5%) 1% (33%) (6%) (39%) 2% (37%)#57Segment YoY% Growth at Constant Currency and Ex-Driver appreciation award YOY Growth at constant currency and ex-Driver appreciation award Revenue Excess Driver incentives Driver referrals Adjusted Net Revenue Add back: Uber Driver appreciation award Add: Constant currency impact YOY Growth at constant currency and ex-Driver appreciation award Q2 2020 Earnings Q2 2019 1% 1% 1% 3% 12% 15% 4% 19% Mobility Q2 2020 (67%) -% 1% (66%) (4%) (70%) 2% (68%) Delivery Q2 2019 72% (18%) (1%) 53% 5% 58% 4% 62% Note: The above table presents the reconciliation of YoY% Growth at constant currency and ex-Driver appreciation award to the most directly comparable GAAP financial measures. Q2 2020 103% 57% 2% 162% (8%) 154% 9% 163%