Uber Technologies, Inc. Q2 2025 Earnings Supplemental Data August 6, 2025 1 Non-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; Non-GAAP Costs and Operating Expenses; Trailing Twelve Months Adjusted EBITDA; Trailing Twelve Months Free Cash Flow; Free Cash Flow as well as revenue gro ...

Core Insights - Uber's overall consumer base grew by 14% year over year, reaching 170 million monthly active consumers [1][4] - The Uber One membership program has achieved 30 million subscribers, significantly contributing to cross-selling and bookings, particularly in the Delivery segment [1][8] - Despite strong growth metrics, shares initially fell due to market concerns over potential deceleration in bookings growth as indicated in forward-looking guidance [3][4] Consumer Base and Growth - The company's consumer base expanded to 170 million, reflecting a 14% increase in the first quarter [4] - Gross bookings increased by 18% compared to the previous year, although this growth rate has slowed from over 20% in prior quarters [4] - Future bookings growth is projected to be between 16% and 20% [4] Driver and Merchant Performance - The number of drivers on the platform increased by 20% to 8.5 million, with driver earnings growing by 18% to $18.6 billion [6] - Merchant payouts rose by 21% to $12.9 billion, indicating strong performance in the Delivery segment [6] Delivery Segment Expansion - The Delivery segment has expanded beyond restaurants to include grocery and retail, with trip growth of 15% and gross bookings up by 18% [6] - A third of Uber Eats customers are sourced from the app, and the membership program accounts for 60% of gross bookings [6] Membership Program Impact - The Uber One membership program is seen as a key driver for long-term benefits, with members spending three times more than non-members [7][8] - Membership growth is linked to affordability initiatives, such as reduced delivery fees for members [8] Advertising and AV Business Growth - The advertising segment has experienced a 60% growth, surpassing a $1.5 billion annualized run rate [9] - The company has recorded an annualized run-rate of 1.5 million Mobility and Delivery AV trips on its network [9] Consumer Behavior and Market Outlook - The company has observed consistent audience growth and frequency of use, with no significant macroeconomic signals affecting consumer behavior [10][11] - The categories in which the company operates, such as restaurants and transportation, remain stable even during periods of macro uncertainty [11]

Overall Performance - Uber's Gross Bookings ARR reached $82 billion, a 18% year-over-year increase in Q1 2025[16] - Adjusted EBITDA ARR was $3.1 billion, up 45% year-over-year in Q1 2025[16] - Q1 2025 Adjusted EBITDA was $1.868 billion, a 35% year-over-year increase[47] - Uber's Q1 2025 revenue increased by 17% year-over-year to $11.533 billion[44] - Net income attributable to Uber Technologies, Inc was $1.776 billion[70] Segment Highlights - Delivery Gross Bookings grew 18% year-over-year[59] - Delivery Adjusted EBITDA was $763 million[59] - Mobility Gross Bookings grew 20% year-over-year[56] - Mobility Adjusted EBITDA was $1.753 billion[52] - Freight revenue was $1.260 billion[64]