Uber Results Presentation Deck
Business Model Change Impact on Revenue
$ in Millions
Mobility
Gross Bookings
Revenue
Reported Revenue Margin
Mobility business model change impact
Impact on Revenue Margin
Delivery
Gross Bookings
Revenue
Reported Revenue Margin
Delivery business model change impact*
Impact on Revenue Margin*
Uber Q3 2023 Earnings
Sep 30, '22
$13,684
$3,822
27.9%
$1,053
7.7%
Sep 30, '22
$13,684
$2,770
20.2%
$759
5.5%
Dec 31, '22
$14,894
$4,136
27.8%
$1,189
8.0%
Dec 31, '22
$14,315
$2,931
20.5%
$839
5.9%
Three Months Ended
Mar 31, '23
$14,981
$4,330
28.9%
$1,126
7.5%
Three Months Ended
Mar 31, '23
$15,026
$3,093
20,6%
$833
5.5%
Jun 30, '23
$16,728
$4,894
29.3%
$1,360
8.1%
Jun 30, '23
$15,595
$3,057
19.6%
$722
4.6%
Sep 30, '23
$17,903
$5,071
28.3%
$1,315
7.3%
Sep 30, 23
$16,094
$2,935
18.2%
$502
3.1%
Business model changes since Q1'20 have
triggered changes in classification of certain costs,
including payments to drivers or couriers and
promotions to platform users or earners.
The Business Model Change Impact line item
presented on this page represents the net benefit
to revenue for each of the periods presented as a
result of the changes.
The net benefits are primarily driven by the
classification of certain payments and incentives
as cost of revenue, partially offset by the
classification of certain sales and marketing costs
as contra revenue.
In aggregate, the changes have no real economic
change to operating income or Adjusted EBITDA.
Note 1: The first business model change began in Q1'20 in certain markets and expanded to additional markets over time. The changes resulted in us being the principal of providing delivery services
where certain courier payments and incentives are classified as cost of revenue and end-user promotions are recorded in contra revenue. The second business model change began in Q1'22 which
impacted our Mobility business in the UK. The model change resulted in us being the principal for providing transportation services where certain driver payments and incentives are classified as cost of
revenue and end-user promotions are recorded in contra revenue. The third business model change began in Q2'23 in certain markets and expanded to additional markets. The changes resulted in
end-users becoming our customers whereby incentive costs for customers are recorded in contra revenue instead of sales and marketing expense.
Note 2: Prior period Delivery business model change impacts have been updated to be consistent with current period's presentation.
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