#1Uber Technologies, Inc. Q2 2021 Earnings Supplemental Data August 4, 2021#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 EBITDA margin as a percentage of Revenue, Revenue Excluding UK Accrual, Mobility Revenue Excluding UK Accrual, Mobility Adjusted EBITDA margin as a percentage of Mobility revenue, Delivery Adjusted EBITDA margin as a percentage of Mobility Revenue, and Non-GAAP Costs and Operating 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 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 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 non-GAAP guidance provided on our Q2 2021 earnings release and call, 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. 2#3Forward Looking Statements This presentation contains 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: the outcome of a tax case before the UK tax authority related to classification as a transportation provider, 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, 2020 and subsequent annual reports, quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. 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#4Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Uber Q2 2021 Earnings#5Three key takeaways from Q2 01. Uber's platform getting stronger with the reopening (Pages 6-9) Uber Q2 2021 Earnings 02. Marketplace balance expected to normalize over Q3 (Pages 10-12) 03. Expect significant operating leverage to drive Adjusted EBITDA profitability by Q4 (Pages 13-16) 5#6Gross bookings continued to grow despite Delta variant related slowdown in recovery in July Uber Q2 2021 Earnings Global COVID-19 outbreak GBs ~25% YoY Jan Feb Mar '20 '20 '20 Apr May Jun Jul Aug Sep '20 '20 '20 '20 '20 '20 ■ Mobility Oct Nov Dec Jan Feb '20 '20 '20 '21 '21 Delivery Vaccine distribution starts Mar '21 Delta and other variants force some markets to lockdown but GBs impacts to Uber ~45% vs. 2019 relatively muted Jun Jul '21 '21 '21 Apr May '21 6#7Aggregate Gross Bookings more than 30% higher than July 2019 in Sydney, NYC, London and Paris Lap New York City Both Mobility and Delivery growing post reopening Paris Delivery showed some pullback recently but still +200% vs. Jul'19 Uber Q2 2021 Earnings Reopening Apr 20 Jul 20 Oct 20 Jan'21 Apr¹21 Jul'21 Apr 20 Jul 20 Reopening Oct 20 Jan'21 Apr¹21 Jul'21 3.6x vs. Jul'19 0.9x vs. Jul'19 1.0x vs. Jul'19 3.2x vs. Jul'19 London Mobility recovering and Delivery holding gains Sydney Strict lockdown has driven another spike in Delivery demand Apr¹20 Jul 20 Oct 20 Ins Apr 20 Jul 20 Oct 20 Jan'21 Apr'21 Jul 21 Reopening Reopening Lockdown Jan'21 my Mobility Delivery 1. Weekly Gross Bookings in the respective cities. Measured from January 6th, 2020, to July 26th, 2021. Growth vs. Jul'19 is measured as July 26th, 2021 vs. July 29, 2019. 2. Delivery and Mobility Gross Bookings plotted on separate y-axis, and are not plotted to the same scale 3. Sydney's 're-opening' date is shown as February 1, 2021 and 'lockdown' date is shown as June 26, 2021; New York Cities 're-opening' date is shown as January 29, 2021; London's 're-opening' date is shown as May 17, 2021; Paris 're- opening' date is shown as May 19, 2021. Apr'21 Jul 21 1.0x vs. Jul'19 3.2x vs. Jul'19 2.6x vs. Jul'19 0.2x vs. Jul'19 7#8Uber's cross-platform usage expanding as Mobility recovers Gross Bookings (% of total) from Mobility & Delivery cross-platform consumers 42% 40% Jan '20 Uber United States Q2 2021 Earnings 39% Mar '20 May'20 Jul '20 Sep '20 Nov '20 Jan '21 Mar '21 May'21 Jul '21 - 33% United Kingdom 50% 48% *Active cross-platform consumers are defined as unique consumers who completed a Mobility ride and received a Delivery order on our platform at least once during the trailing 12 week period. Pass members already drive 25% of Delivery Gross Bookings, and we see significant upside to Pass adoption. Cross-platform consumers* active on both Mobility and Delivery drive 44% of Uber's total company Gross Bookings. As consumers have embraced Delivery and are now increasingly returning to Mobility, this metric has increased meaningfully thus far in 2021. In the US and UK, cross-platform consumers drive roughly 50% of Uber's Gross Bookings, up from roughly 40% pre-COVID. We expect to see further upside as Mobility continues to recover. 8#9Cross-platform consumer acquisition increasingly benefitting all parts of our business The Uber super app is a powerful consumer acquisition funnel for Delivery... % of first time Delivery orders originating from the Rides app 14% 4% Jan'20 Apr'20 Jul'20 Uber Oct 21 Q2 2021 Earnings Jan'21 22% 12% Apr'21 Jul'21 United States ...while Delivery is starting to drive significant expansion for Mobility... % of first time Mobility trips from existing Delivery consumers 1. Cross-platform consumer acquisition data shows % of monthly first time eaters and first time riders in the US and UK. * New Verticals includes Uber's non-restaurant food delivery offerings, including grocery, convenience, and alcohol 19% 10% Jan'20 United Kingdom Apr¹20 Jul'20 We expect our emerging New Verticals* business to become yet another compelling addition to the Uber platform Oct 21 Jan'21 Apr¹21 42% 20% Jul'21 9#10Significant progress made in improving US driver availability, particularly in states further along the reopening curve US Mobility drivers up 50%+ from February to July Uber Jan '21 Q2 2021 Earnings Monthly Active Drivers +50% 11 Feb '21 Mar '21 Apr '21 May'21 Jun '21 Jul '21 Wait times improved across the US, with strong improvements in FL, TX, AZ, and GA €"||||| 0 -3 us Miami 1. Wait times/ETA measured from the week of 3/29/2021 to the week of 7/12/2021. 2. Wait time chart based on ETA in minutes. Estimated Time of Arrival, or "ETA", is the average ETA riders see in the app after they have entered in their pickup and dropoff locations. Houston Dallas Phoenix Atlanta 10#11Expect driver recovery to gain significant momentum in Q3 and Q4 Nearly 90K inactive drivers responded to our survey in June, up from 50K that responded in April (both surveys sent to roughly 900K inactive drivers). Uber Q2 2021 Earnings Driver intent to return rapidly improving Q: When do you plan on driving with Uber again? 8% --- 1 month 5% 10% 35% 42% April 2021 1-3 months 3-6 months 2% 6% 29% 59% June 2021 6-12 months - 4% Never 11#12Consumers continue to prefer ridesharing to other modes of transportation We do not take this for granted - Rider experience remains far from optimal - and we are committed to improving marketplace balance over the next few months New York City rideshare trip recovery vs. taxi and MTA* Feb'20 Mar 20 Apr 20 May'20 Jun'20 Jul'20 Aug¹20 Sep'20 Oct'20 Nov'20 Dec'20 Jan'21 Feb'21 Mar 21 Apr 21 May'21 Jun'21 MTA (Subway Bus) ■Yellow Taxi .. Green Taxi ■ Rideshare App (Uber, Lyft, Via) Uber Q2 2021 Earnings *MTA, Taxi, and Rideshare data sourced from NYC Taxi & Limousine Commission 12#13Uber Gross Bookings at all time highs; expect to deliver Adjusted EBITDA profitability by Q4 Expect Adjusted EBITDA profitability by Q4, as Gross Bookings continue to scale and Uber demonstrates significant leverage with incentive rationalization Uber Q2 2021 Earnings Gross Bookings ($M), % Constant Currency Growth YoY 41% 3,071 37% 3,386 11,446 12,188 12,554 192 (309) 32% 3,658 Adjusted EBITDA ($M) 506 (869) Q1'19 (286) 631 30% 4,374 (316) 13,512 6,961 5,905 6,789 6,773 3,046 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Mobility Delivery ■All Other (656) (585) 742 10% 4,683 (32%) (461) 10,874 (8%) 581 8,550 50 TUMA (232) (313) (615) (612) 245 (183) (4%) 10,050 (625) 293 1. "% Constant Currency Growth YoY" 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. +22% YOY +33% vs. Q1'19 (145) 12,461 298 (454) +104% YoY +39% vs. Q2'19 (200) (837) Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 ■ Mobility Delivery Uber 12,912 (359) 8,640 179 (161) (509) Q2'21 13#14Path to profitability: Expect significant improvement in Q3 and Adjusted EBITDA profitability by Q4 Potential Adjusted EBITDA levers (Figures in USD million) Q2 Adjusted EBITDA Mobility: July trends through Q3 Delivery: High visibility improvements (Postmates synergies, Ads ramp and July trends) Q3 Adjusted EBITDA outlook Uber Q2 2021 Earnings ($509) +300-350 +60-70 ($100) or better Illustrative bridge from Q2 Adjusted EBITDA to Q3 Adjusted EBITDA outlook, based on our July observations. Our base case anticipates an ongoing recovery and further tapering of supply investments. We would remind investors that uncertainty from the Delta variant continues to impact visibility. 14#15Expect mobility profitability to expand significantly as driver revival investments fade Imbalanced (20%) Uber us 10% Q2 2021 Earnings (12%) 46% Canada (4%) Rider-Driver recovery gap in June 59% Australia 16% Balanced 63% France Q2'21 EBITDA margin (% of revenue) 19% 67% UAE 1. June Rider-Driver recovery gap defined as the difference between active rider recovery (June 2021 vs. June 2019) and active driver recovery (June 2021 vs. June 2019). 2. Q2'21 Mobility Adjusted EBITDA margin as a % of revenue. Major international markets delivering strong Mobility EBITDA margins in June In the US, Mobility take rates in balanced markets reverting to pre-COVID levels 15#16Uber Delivery ex-US & Canada is growing much faster than peers Q2'21 GB/GMV/ GOV/GTV annualized scale & growth 85% YoY 72% 58% YoY YoY Uber 26% YoY Q2 2021 Earnings 104% 70% YOY YoY $52B $39B $39B $35B $26B $25B $9B E 8 Uber ROW Delivery ---------- 76% YoY Uber US&C Delivery Delivery ex-US & Canada near breakeven in Q2 Q2'21 Adjusted EBITDA loss and margin (% of Gross Bookings) ($13M) Adj. EBITDA (0.2%) of GBs O ($148M) Adj. EBITDA (2.4%) of GBs Uber US&C Delivery 1. Gross Bookings reported by Uber, Gross Merchandise Value reported by Delivery Hero, Gross Order Value reported by Doordash, and Gross Transaction Value reported by JET and Deliveroo. 2. Uber Delivery based on Q2'21 actuals, Delivery Hero based on Q2'21 Visible Alpha consensus, DoorDash based on Q2'21 Visible Alpha consensus, JET based on midpoint of Q2'21 guidance and YoY % based on Q2'21 actual, Deliveroo based on FY'21 Visible Alpha consensus and YoY % based on Q2'21 actual. 3. Euro and Pound to USD currency conversions based on July 15th 2021 exchange rates. *based on majority owned operations Gross Bookings Uber ROW Delivery Uber's Delivery business is the largest * on-demand food delivery platform in the world (excluding China). Uber has a category leading position in 8 of our top 10 markets (with a strong #2 position in the US and UK). Uber's Delivery business ex-US & Canada is outperforming peers, and was close to Adjusted EBITDA breakeven in Q2. In the US, where we have opted to lean in to improve our position, we made significant progress, reaching the #1 position in NYC for the first time, and successfully consolidating Postmates to establish a #1 position in LA as well. Going forward, we expect to optimize US spend to improve profitability. We believe delivery is on track to reaching Adjusted EBITDA breakeven by Q4 2021. 16#17Healthy liquidity position, and investments in leading Mobility and Delivery assets Liquidity Position Uber $5B $ 4.4 $ 0.6 Q2 2021 Earnings Unrestricted Cash ST Investments Equity Stakes (Carrying value) $14.9B Other $0.6 Yandex $1.0 Joby $0.2 Aurora Grab Didi $2.1 $3.6 Zomato $0.1 $7.3 Announced intention to become publicly listed Publicly listed Uber's Ownership Position 1. Liquidity position excluding revolver. Undrawn revolver provides additional liquidity of $2.0B, net of letters of credit. As of June 30, 2021, Uber's long-term debt was roughly $7.8 billion. 2. Dollar ownership amounts based on carrying value as of 6/30/2021, which may be different than potential market transaction values. DiDi Grab Aurora Yandex Taxi zomato JOBYⓇ Lime 3. As of June 30, 2021, Uber owns approximately 612M shares of Zomato, 411M shares of Grab, 133M shares of Aurora, and 2.6M shares of Joby. As of June 30, 2021, Uber owned approximately 48M preferred shares of Didi, which upon close of Didi's IPO in early July, converted into 144M ordinary shares (each Didi ADS listed on the NYSE represents 0.25 Didi ordinary shares). 4. Ownership stake percentages as of June 30, 2021 and based on a fully diluted basis. ~11% ~16% ~25% ~33% ~9% ~4% ~31% 17#18Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Uber Q2 2021 Earnings#19Operating Metrics In Millions MAPCS Trips Monthly Trips/MAPC Uber Q2 2021 Earnings 55 Q2 2020 Q3 2020 737 Q2 2020 78 4.5 1,184 Q3 2020 5.1 93 Q4 2020 1,443 Q4 2020 5.2 98 Q1 2021 1,447 Q1 2021 4.9 101 Q2 2021 1,511 Q2 2021 5.0 +84% MAPCS Growth YoY +105% Trips Growth YoY Note 1: MAPCs is the number of unique consumers who completed a Mobility or New Mobility ride or received a Delivery order on our platform at least once in a given month, averaged over each month in the quarter. Note 2: We define Trips as the number of completed consumer Mobility or New Mobility rides and Delivery orders in a given period. 19#20Gross Bookings $ in Millions $10,224 Q2 2020 (35%) (32%) Uber Q2 2021 Earnings $14,745 Q3 2020 (10%) (8%) $17,152 Q4 2020 (5%) (4%) $19,536 Q1 2021 24% 22% $21,900 Q2 2021 114% 104% +12% Gross Bookings Growth QoQ % Growth YoY % Constant Currency Growth YoY Note 1: We define Gross Bookings as the total dollar value, including any applicable taxes, tolls, and fees, of Mobility and New Mobility rides, Delivery orders, and amounts paid by Freight shippers, in each case without any adjustment for consumer discounts and refunds, Driver and Merchant earnings, and Driver incentives. Gross Bookings do not include tips earned by Drivers. Note 2: "% Constant Currency Growth YoY" 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. 20#21Revenue $ in Millions 18.7% Uber $1,913 Q2 2020 (34%) (38%)** Q2 2021 Earnings 19.1% $2,813 Q3 2020 (21%) (20%) 18.5% $3,165 Q4 2020 (16%) (15%) 17.9%* 14.9% $3,503* $2,903 Q1 2021 (11%) (11%) 17.9% $3,929 Q2 2021 105% 95% +12% QoQ improvement Revenue, Excluding UK Accrual % Growth YoY % Constant Currency Growth YoY Take Rate Take Rate Excluding UK Accrual *Q1'21 Take Rate Excluding UK Accrual and Revenue Excluding UK Accrual of $3,503 excludes the impact of a $600 million accrual made for the resolution of historical claims in the UK relating to the classification of drivers **Q2'20 YOY growth at constant currency excludes the impact of the Driver appreciation award associated with our IPO. Note 1: Take Rate is defined as Revenue as a percentage of Gross Bookings. Note 2: Take Rate Excluding UK Accrual is defined as Revenue Excluding UK Accrual as a percentage of Gross Bookings Note 3: During the fourth quarter of 2020, we changed our accounting policy related to the presentation of negative revenue arising from cumulative payments to Drivers in excess of cumulative revenue from Drivers. Our policy for the presentation of these excess cumulative payments has changed from presenting them within cost of revenue, exclusive of depreciation and amortization, to presenting them as a reduction of revenue in our consolidated statement of operations. 21#22Adjusted EBITDA $ in Millions ($837) Uber (43.8%) Q2 2020 Q2 2021 Earnings ($625) (22.2%) Q3 2020 ($454) (14.3%) Q4 2020 ($359) (12.4%) Q1 2021 ($509) (13.0%) Q2 2021 +39% YoY improvement in Adjusted EBITDA Adjusted EBITDA Margin as a % of Revenue 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 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 and financing related expenses, (xii) restructuring and related charges and (xiii) other items not indicative of our ongoing operating performance, including COVID-19 response initiatives related payments for financial assistance to Drivers personally impacted by COVID-19, the cost of personal protective equipment distributed to Drivers, Driver reimbursement for their cost of purchasing personal protective equipment, the costs related to free rides and food deliveries to healthcare workers, seniors, and others in need as well as charitable donations. Note 2: We define Adjusted EBITDA margin as a percentage of Revenue as Adjusted EBITDA divided by Revenue. Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures as well as Net income (loss) attributable to Uber Technologies, Inc. as percentage of Revenue for periods presented. 22#23Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Uber Q2 2021 Earnings#24Mobility Highlights $ in Millions Gross Bookings % Constant Currency Growth YoY Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q2 2021 Earnings $3,046 (73%) 25.9% O $788 (69%)* 6.3% O $5,905 (50%) 23.1% $1,364 (51%) 18.0% $245 $6,789 (47%) 21.7% $1,471 (51%) 19.9% $293 $6,773 (36%) 21.5%** 12.6% i $1,453** i $853 (63%) 34.9% 20.5% $298 $8,640 174% 18.7% $1,617 98% 11.1% $179 +28% QoQ improvement in Gross Bookings Note 3: See Non-GAAP reconciliations for reconciliation of non-GAAP measures as well as Mobility Adjusted EBITDA as a percentage of Mobility Revenue. Note 4: All measures are for Mobility segment unless otherwise noted. Revenue: Take Rate Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Revenue Revenue: Take Rate Excluding UK Accrual Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Revenue Excluding UK Accrual $50 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 *Q2'20 constant currency growth rate excludes the impact of the Driver appreciation award associated with the IPO. **Q1'21 Take Rate Excluding UK Accrual and Revenue Excluding UK Accrual of $1,453 excludes the impact of a $600 million accrual made for the resolution of historical claims in the UK relating to the classification of drivers Note 1: Take Rate is defined as Revenue as a percentage of Gross Bookings. Note 2: Take Rate Excluding Accrual is defined as Revenue Excluding UK Accrual as a percentage of Gross Bookings 24#25Delivery Highlights $ in Millions Gross Bookings % Constant Currency Growth YoY Revenue % Constant Currency Growth YoY Adjusted EBITDA Uber Q2 2021 Earnings $6,961 113% 12.7% $885 160%** ($232) (26.2%) Q2 2020 $8,550 135% 13.3% $1,136 187% ($183) (16.1%) Q3 2020 $10,050 128% 13.5% $1,356 220% ($145) (10.7%) Q4 2020 $12,461 157% 14.0% $1,741 215% ($200) (11.5%) Q1 2021 $12,912 75% 15.2% $1,964 106% ($161) (8.2%) Q2 2021 **Q2'20 constant currency growth rate excludes the impact of the Driver appreciation award associated with the IPO. Note 1: Take Rate is defined as Revenue as a percentage of Gross Bookings. Note 2: See Non-GAAP reconciliations for reconciliation of non-GAAP measures as well as Delivery Adjusted EBITDA as a percentage of Delivery Revenue. Note 3: All measures are for Delivery segment unless otherwise noted. +106% Revenue Growth YoY at Constant Currency +3.3 pts Improvement in Adj. EBITDA Margin as a % of Revenue Revenue: Take Rate Adjusted EBITDA: Segment Adjusted EBITDA Margin as a % of Revenue 25#26Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Uber Q2 2021 Earnings#27Condensed Consolidated Statements of Operations (Unaudited) $ in Millions, except share amounts, which are in thousands, and per share amounts Uber Q2 2021 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 investments Provision for (benefit from) income taxes Loss from equity method investments Net income (loss) including non-controlling interests Less: net income (loss) attributable to non-controlling interests, 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 Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: Basic Diluted Three Months Ended June 30, 2020 $1,913 924 582 736 584 565 129 $3,520 ($1,607) (110) (44) (1,761) 4 (7) (1,772) 3 ($1,775) ($1.02) ($1.02) 1,738,897 1,738,897 2021 $3,929 2,099 432 1,256 488 616 226 $5,117 ($1,188) (115) 1,943 640 (479) (7) 1,112 (32) $1,144 $0.61 $0.58 1,875,156 1,955,975 Six Months Ended June 30, 2020 $5,161 2,415 1,085 1,621 1,229 1,424 257 $8,031 ($2,870) (228) (1,839) (4,937) (238) (19) (4,718) (7) ($4,711) ($2.72) ($2.72) 1,731,632 1,731,632 2021 $6,832 3,809 855 2,359 1,003 1,080 438 $9,544 $2,712) (230) 3,653 711 (294) (15) 990 (46) $1,036 $0.56 $0.52 1,866,830 1,949,750 27#28Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Uber Q2 2021 Earnings Assets Cash and cash equivalents Short-term investments Restricted cash and cash equivalents Accounts receivable, net Prepaid expenses and other current assets Assets held for sale Total current assets Restricted cash and cash equivalents Collateral held by insurer Investments Equity method investments Property and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Other assets Total assets As of December 31, 2020 $5,647 1,180 250 1,073 1,215 517 $9,882 1,494 860 9,052 1,079 1.814 1,274 1,564 6,109 124 $33,252 As of June 30, 2021 $4,443 560 324 1,201 1,255 $7,783 1,687 724 13,774 1,097 1,776 1,238 1,378 6,448 346 $36,251 28#29Continued: Condensed Consolidated Balance Sheets (Unaudited) $ in Millions Uber Q2 2021 Earnings Liabilities, redeemable non-controlling interests and equity 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 Redeemable non-controlling interests Equity Common stock Additional paid-in capital Accumulated other comprehensive income (loss) Accumulated deficit Total Uber Technologies, Inc. stockholders' equity Non-redeemable non-controlling interests Total equity Total liabilities, redeemable non-controlling interests and equity As of December 31, 2020 $235 1,243 175 5,112 100 $6,865 2,223 7560 1,544 1,306 $19,498 787 35,931 (535) (23,130) $12,266 701 $12,967 $33,252 As of June 30, 2021 $429 1,221 177 5,857 $7,684 2,268 7,798 1,513 1,244 $20,507 1,569 35,588 681 (22,094) $14,175 $14,175 $36,251 29#30Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Uber Q2 2021 Earnings Cash flows from operating activities Net income (loss) including non-controlling interests 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 taxes Loss from equity method investments, net Unrealized (gain) loss on debt and equity securities, net Impairment of debt and equity securities Impairments of goodwill, long-lived assets and other assets Unrealized foreign currency transactions Other Change in assets and liabilities, net of impact of business acquisitions and disposals: Accounts receivable Prepaid expenses and other assets Collateral held by insurer Operating lease right-of-use assets. Accounts payable Accrued insurance reserves Accrued expenses and other liabilities Operating lease liabilities Net cash used in operating activities Six Months Ended June 30, 2020 ($4,718) 257 32 408 (127) (282) 19 116 1,850 297 13 25 517 141 178 137 (10) (8) (337) (42) ($1,534) 2021 $990 438 49 553 (1,684) (367) 15 (1,975) 16 (2) 62 (149) (9) 136 77 185 21 762 (70) ($952) 30#31Continued: Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Millions Uber Q2 2021 Earnings Cash flows from investing activities Purchases of property and equipment Purchases of marketable securities Purchases of non-marketable equity securities Purchase of note receivable Proceeds from maturities and sales of marketable securities Proceeds from sale of non-marketable equity securities Acquisition of businesses, net of cash acquired Return of capital from equity method investee Other investing activities Net cash used in investing activities Cash flows from financing activities Issuance of senior notes, net of issuance costs Principal repayment on Careem Notes Principal payments on finance leases Proceeds from the issuance of common stock under the Employee Stock Purchase Plan Other financing activities 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 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 assets held for sale during the period End of period Six Months Ended June 30, 2020 (362) (1,012) (10) (85) 422 (1,346) 91 (10) ($2,312) 992 (891) (119) 82 (9) $55 (175) (3,966) 12,067 $8,101 2021 (128) (526) (857) (218) 1,143 500 (80) 17 ($149) (194) (108) 67 45 ($190) 5 (1,286) 7,391 349 $6,454 31#32Business Highlights Platform Highlights Segment Details Condensed Consolidated Financial Statements Non-GAAP Reconciliations Uber Q2 2021 Earnings#33Adjusted EBITDA Reconciliation (Unaudited) $ in Millions Mobility Delivery Freight All Other Corporate G&A and Platform R&D Adjusted EBITDA Add (deduct): Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairments/loss on sale of assets Restructuring and related charges (credits), net Gain (loss) on lease arrangement Acquisition, financing and divestitures related expenses Accelerated lease costs related to cease-use of ROU assets 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 2021 Earnings Jun 30, '20 $50 (232) (49) (114) (492) ($837) (38) (16) (382) (7) (19) (48) (129) (131) (44) (110) (7) (4) (3) ($1,775) Sept 30, '20 $245 (183) (73) (104) (510) ($625) (76) 6 12 (14) (80) (18) (138) (183) 151 (112) (8) (23) 19 ($1,089) Three Months Ended Dec 31, 20 $293 (145) (41) (72) (489) ($454) 92 (32) 14 (43) (22) (16) (180) (236) 63 (118) (7) (23) (6) ($968) Mar 31, '21 $298 (200) (29) (11) (417) ($359) (551) (57) (36) (2) (26) (212) (281) 1,710 (115) (8) (185) 14 ($108) Note: In the second quarter of 2020, Other Bets, which previously consisted of the Company's JUMP business whose divestiture was announced in May, is no longer a reportable segment. Historical results of the former Other Bets segment are included within All Other. Jun 30, '21 $179 (161) (41) (486) ($509) (140) (26) (15) (226) (272) 1,943 (115) (7) 479 32 $1,144 33#34GAAP to Non-GAAP Reconciliations (Unaudited) $ in Millions GAAP Cost of Revenue Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives Acquisition, financing and divestitures related expenses Non-GAAP Cost of Revenue Non-GAAP Operating Expenses GAAP Operations and support Restructuring and related charges Goodwill and asset impairment/loss on sale of assets COVID-19 response initiatives Acquisition, financing and divestitures related expenses Stock-based compensation Non-GAAP Operations and support Uber Q2 2021 Earnings Jun 30, '20 924 (10) (22) (4) $888 $582 (187) (6) (10) (11) $361 Sept 30, '20 1,298 (16) (1) $1,281 $365 6 (2) (2) (16) $351 Three Months Ended Dec 31, 20 1,441 (13) $1,428 $369 10 (1) (20) $358 Mar 31, '21 1,710 (11) $1,699 $423 (3) (28) $392 Jun 30, '21 2,099 (6) $2,093 $432 (1) (3) (38) $390 34#35Continued: GAAP to Non-GAAP Reconciliations (Unaudited) $ in Millions GAAP Sales and marketing Restructuring and related charges Acquisition, financing and divestitures related expenses COVID-19 response initiatives Stock-based compensation Non-GAAP Sales and marketing GAAP Research and development Restructuring and related charges Acquisition, financing and divestitures related expenses Goodwill and asset impairment/loss on sale of assets Stock-based compensation Non-GAAP Research and development GAAP General and administrative Legal, tax, and regulatory reserve changes and settlements Goodwill and asset impairment/loss on sale of assets Restructuring and related charges Acquisition, financing, and divestitures related expenses Accelerated lease costs related to cease-use of ROU asssets Loss on lease terminations Stock-based compensation Non-GAAP General and administrative Uber Q2 2021 Earnings Jun 30'20 $736 (22) (13) (10) $691 $584 (86) (5) (72) $421 $565 (5) (87) (7) (38) $428 Sept 30'20 $924 (11) $913 $493 (102) $391 $711 (74) (11) (80) 12 (54) $504 Three Months Ended Dec 31 '20 $1,038 1 (1) (13) $1,025 $483 2 (7) (136) $342 $531 117 (32) 1 (34) (22) (67) $494 Mar 31'21 $1,103 (3) (5) (22) $1,073 $515 (13) (42) (133) $327 $464 49 (15) (17) (2) (98) $381 Jun 30 '21 $1,256 (1) (2) (19) $1,234 $488 (5) (149) $334 $616 (65) (17) (66) $468 35#36Net 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 2021 Earnings Jun 30'20 1,913 (1,775) (92.8%) 788 50 6.3% 885 (232) (26.2%) Sep 30 '20 2,813 (1,089) (38.7%) 1,364 245 18.0% 1.136 (183) (16.1%) Three Months Ended Dec 31'20 3,165 (968) (30.6%) 1,471 293 19.9% 1,356 (145) (10.7%) Mar 31'21 2,903 (108) (3.7%) 853 298 34.9% 1,741 (200) (11.5%) Jun 30 '21 3,929 1,144 29.1% 1,617 179 11.1% 1,964 (161) (8.2%) 36#37Reconciliations of Non-GAAP Financial Measures ($ in Millions) Revenue Excluding UK Accrual reconciliation Revenue Add back: UK Accrual Revenue Excluding UK Accrual Mobility Revenue Excluding UK Accrual reconciliation Mobility Revenue Add back: UK Accrual Mobility Revenue Excluding UK Accrual Uber Q2 2021 Earnings Jun 30'20 1,913 $1,913 Jun 30 '20 788 $788 Sep 30'20 2,813 $2,813 Sep 30'20 1,364 $1,364 Three Months Ended Dec 31 '20 3,165 $3.165 Three Months Ended Dec 31 '20 1,471 $1,471 Mar 31'21 2,903 600 $3,503 Mar 31'21 853 600 $1,453 Jun 30 ¹21 3,929 $3,929 Jun 31'21 1,617 $1,617 37